2-bedroom flat · SA2 0QH
Listing removedReduced £10k (−7.4%) on 3 JulListed 228 days
Opportunity summary
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About
An excellent opportunity to acquire this spacious and well-maintained two-bedroom ground floor apartment, ideally positioned within the highly sought-after Long Oaks Court development.
The property offers generous and well-proportioned living accommodation throughout, creating a comfortable and practical home.
Having been well cared for, it is ready for immediate occupation while also presenting a fantastic opportunity for buyers looking to add value over time.
Further benefits include two allocated parking spaces, a highly desirable feature for residents and guests alike.
Conveniently located within close proximity to local amenities, including shops, schools, and everyday essentials, the property also enjoys excellent transport links providing easy access to the city centre.
Available to cash buyers only due to the current lease term, this is a superb opportunity in a popular and well-connected location. N.B Tenure: Leasehold – Approximately 65 years remaining.
The current vendor has made preliminary enquiries to obtain an estimate for extending the existing lease to a new term of 110 years.
The anticipated premium for the lease extension is in the region of £23,000, plus associated legal and professional fees. Please note, the vendor does not intend to proceed with the lease extension.
Responsibility for extending the lease, should this be required, will rest with the incoming purchaser.
Entrance Hall Fitted Kitchen/ Breakfast Room (3.23m x 2.98m (10'7" x 9'9")) Lounge (4.81m x 3.85m (15'9" x 12'7")) Hallway Bathroom (2.34m x 1.88m (7'8" x 6'2")) Bedroom One (4.15m x 3.48m (13'7" x 11'5")) Bedroom Two (3.39m x 2.64m (11'1" x 8'7")) Parking Two allocated parking spaces.
Tenure Tenure: Leasehold – Approximately 61.92 years remaining. The current vendor has made preliminary enquiries to obtain an estimate for extending the existing lease to a new term of 110 years.
The anticipated premium for the lease extension is in the region of £23,000, plus associated legal and professional fees. Please note, the vendor does not intend to proceed with the lease extension.
Responsibility for extending the lease, should this be required, will rest with the incoming purchaser. Ground Rent: £240.00 per annum.
Service Charge: Approximately £1,100.00 per annum, inclusive of buildings insurance. Epc E Council Tax Band - C Services Electric, Water (billed) & drainage.
You are advised to refer to the Ofcom checker for information regarding mobile signal and broadband coverage There is currently broadband available at the property via Virgin media, Fibre optic..
Please refer to the Ofcom checker for further coverage information.
There are no known issues with mobile coverage using the vendors current supplier Please refer to Ofcom checker for further information.
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.
Area
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FAQ
About 57, Long Oaks Court, Swansea
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