2-bedroom flat · BB9 8TT
Sold STCListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive ground floor apartment being situated on a popular gated development on the outskirts of Nelson.
The apartment offers good sized accommodation with a spacious living kitchen , 2 bedrooms and a 3 piece bathroom.
Surrounding are well maintained communal garden areas and a parking space Tenure: Leasehold, ACCOMMODATION Ground Floor Living Kitchen A spacious living and kitchen area having 2 PVC double glazed windows and PVC entrance door.
Radiator. To the kitchen area there are a range of base and wall units together with working surfaces and an inbuilt oven, hob and hood. Sink unit. Breakfast bar. Gas fired boiler.
Bedroom 1 PVC double glazed window . Radiator. Bedroom 2 PVC double glazed window. Radiator.
Bathroom containing 3 piece white suite comprising panelled bath with shower over and glazed screen, pedestal wash hand basin and toilet. Extractor fan. Extensively tiled walls . Radiator.
Outside Surrounding the property are well maintained communal garden areas. There is also a parking space. The property is leasehold on a 900 yr lease from 1 October 2003.
As at 1 October 2025 there will be 878 years remaining.
There is a monthly service charge of £102.92 The Ground Rent is £50 per annum Fixtures and fittings: All fixtures and fittings mentioned in these particulars are included in the sale all others in the property are specifically excluded.
Condition: Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order all prospective purchasers must accept that these items may not be in working order and the property is offered for sale on this basis.
The condition of the heating system and/or other appliances is not known.
Photographs: Internal photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About Lea Bank Mews, Nelson, BB9
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