2-bedroom house · PR8 1NB
For saleListed 210 days
Opportunity summary
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About
Occupying a ground floor position in this retirement development for the over 60's, this well presented flat is offered for sale under the shared ownership scheme, representing a 75% share.
Offered for sale with no onward chain, the double glazed and electrically heated flat briefly comprises: Hall, Living Room with private Patio off, Kitchen, two Bedrooms and a Bathroom.
The development stands in well maintained communal gardens and parking is available in the residents car park on a first come, first served basis.
St Pauls Mansion occupies a generous plot on the corner of St Pauls Street and St Pauls Square, well placed for accessing the amenities of Southport town centre.
Ground Floor: Communal Entrance Private Hall Living Room - 4.24m x 3.07m (13'11" x 10'1") Kitchen - 4.24m x 1.78m (13'11" x 5'10") Bedroom 1 - 4.83m x 2.64m (15'10" x 8'8") Bedroom 2 - 2.92m x 2.11m (9'7" x 6'11") Bathroom - 2.64m x 1.8m (8'8" x 5'11") Outside: The development stands in well maintained communal gardens and parking is available in the residents car park on a first come, first served basis.
Council Tax: Enquiries made of the Council Tax Valuation List indicate the property has been placed in Band (B). Shared Ownership: The property is sold on a 75% shared ownership basis.
No rent is payable on the remaining 25%. Conditions: Please note there is an age restriction in place and residents must be a minimum of 60 years of age.
The lease requires the residents meet the minimum age limit and they are capable of living an independent life, to ensure these terms are met and in order to consent to an assignment of the lease, prospective purchasers need to apply to the managing agents.
Tenure: Leasehold for a residue term of 99 years from 20th August 1996. No ground rent is payable.
Please Note: In accordance with the Estate Agents Act 1979, we confirm the owner of this property was related to a member of staff of Karen Potter Ltd.
Service Charge: We are advised the service charge is £139.48 per month which is payable to Redwing.
This includes buildings insurance, cleaning, lighting & heating of communal areas, gardening and window cleaner.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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