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See how verdicts work2 × 1-bed flat · DN8 5DY
For saleListed 563 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*investment opportunity* - A Freehold building comprising of two one bedroom flats with a large gated driveway and courtyard to the rear. Combined rental income of £870 pcm.
Great location in the town centre. EPC rating C for both flats. Please note the property is being sold as an ongoing investment due to landlords retirement, with the existing tenants only.
Information The property is being sold with the existing tenants, with each flat achieving £435 per calendar month. This is a genuine sale due to the landlords retirement.
Communal Entrance Hall Front timber entrance door leading into a communal entrance hall. Doors leading off to the ground floor and first floor flat.
Ground Floor Flat - No 3 Entrance Hall Doors off to lounge, kitchen and bathroom. Lounge/Diner (4.79m x 3.62m (15'8" x 11'10")) Front facing UPVC double glazed window. Laminate floor. Radiator.
Kitchen (3.64m x 1.65m (11'11" x 5'4")) Rear UPVC double glazed entrance door.
Fitted with a range of wall and base units with laminate worksurfaces incorporating a stainless steel sink and drainer with splashback tiling. Free standing electric cooker and fridge freezer.
Space and plumbing for washing machine. Radiator. Door leading into the bedroom. Bedroom (3.64m x 3.04m (11'11" x 9'11")) Rear facing UPVC double glazed window. Laminate floor. Radiator.
Bathroom (2.59m x 1.81m (8'5" x 5'11")) Rear facing UPVC double glazed window.
Fitted with a three piece suite comprising of a panelled bath with mixer tap shower attachment, pedestal wash hand basin and w.c. Tiled walls. Radiator.
Cupboard housing the wall mounted gas combi boiler. First Floor Flat - No 3A Entrance door and staircase leading onto the landing. Landing Rear facing UPVC double glazed window.
Useful storage cupboard. Doors off to all rooms. Lounge (3.70m x 3.37m (12'1" x 11'0")) Front facing UPVC double glazed window. Radiator.
Please note the tenant is using this as a bedroom as shown on the photographs. Bedroom (3.37mx 2.91m (11'0"x 9'6")) Front facing UPVC double glazed window. Radiator.
Please note the tenant is using this as a lounge as shown in the photographs. Kitchen (3.48m x 2.27m (11'5" x 7'5")) Side facing UPVC double glazed window.
Fitted with a range of wall and base units with laminate worksurfaces incorporating a stainless steel sink and drainer with splashback tiling. Free standing electric cooker.
Space and plumbing for washing machine. Radiator. Bathroom (3.44m x 1.51m (11'3" x 4'11")) Rear facing UPVC double glazed window.
Fitted with a three piece suite comprising of a panelled bath with mixer tap shower attachment, pedestal wash hand basin and w.c. Tiled walls. Radiator.
Built-in storage cupboard housing the wall mounted gas combi boiler.
Outside There is vehicular access through a set of wrought iron and composite gates that lead from Ellison Street into the large rear courtyard providing ample parking for multiple vehicles.
There are walled and timber panelled fenced boundaries with a concrete seating area and a wrought iron pedestrian gate to the side leading back to South Parade.
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 3 & 3a, South Parade, Thorne
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