1-bedroom flat · FY5 3PH
Sold STCListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a good established residential location close to local shops, public transport, and Cleveleys Town Centre.
This well presented and spacious ground floor retirement apartment offers well presented accommodation benefiting from electric heating, complimented by UPVC double glazing and briefly comprising:- Entrance Hallway, 23ft Lounge/Dining Room with Balcony, Modern Fitted Kitchen, Bedroom and spacious Modern Shower Room.
The external features are communal garden areas.
The property boasts many additional facilities such as a personal intercom system, lift access to all floors, communal lounge, laundry area and residents guest suite.
The property is offered with 'No Onward Chain' to enable the arrangement of a quick completion. Internal viewing is highly recommended by prior appointment with this office.
ACCOMMODATION COMMUNAL ENTRANCE:- With Tunstall security system which allows access into the communal corridors, lounge area, laundry room, managers office and lift access to all floors.
PRIVATE ENTRANCE HALL:- Storage cupboard housing water heater, coved ceiling, Tunstall intercom system.
LOUNGE/DINING ROOM:- 23'10"x10'6" Max Dimensions into UPVC double glazed French doors to West facing Balcony, fireplace housing coal effect electric fire, telephone point, television aerial, wall lights, panel heater.
KITCHEN:- 7'8"x6'0" Max Dimensions Modern fitted base and wall units finished with co-ordinating work surfaces, single drainer sink unit with monobloc mixer tap, Neff electric oven, Neff microwave/grill and Neff ceramic hob under illuminated extractor, UPVC double glazed window overlooking front, Creda fan heater, inset spotlighting, part tiling to walls.
BEDROOM:- 15'10"x10'2" Max Dimensions into UPVC double glazed window to front, full height fitted robes and top cupboards with matching dressing table, bedside cabinets and drawer units, coved ceiling.
SHOWER ROOM:- 7'3"x6'6" With spacious step in rainfall shower with handheld feature and modern two piece suite in white comprising:- vanity bowl and unit, low flush W.C, Sector extractor, shaver point, towel style heater, illuminated mirror, inset spotlighting, part tiling to walls.
ADDITIONAL INFORMATION:- Each apartment is fitted with an audio communications system giving direct contact with the house manager and/or the call centre should assistance be needed.
A fixed emergency call point is fitted in every bathroom.
As a further unobtrusive safety precaution the house manager call system incorporated an in activity monitor in the hallway to alert the manager if a resident is not 'up and about' in accordance with their normal routine.
The system also provides 'speak and see' contact via a video entry system to callers at the main entrance.
Emergency lighting is provided throughout the hallways and staircases to provide illumination in the event of a power failure and a fire system is also provided.
The property benefits from lift access to all floors. Thermal blinds to all windows included in sale. TENURE: - We are advised by the vendor that the property is Leasehold.
Residue of 125 years at a ground rent of £80.00 per annum, Maintenance/Building Insurance approximately £2,600.00 per annum.
The apartment is subject to the restriction that residents must be a minimum of 55 years of age.
SERVICES: - All mains services are connected APPLIANCES/EQUIPMENT:- Services, installations, heating systems and appliances have not been tested by Independent.
VALUATION:- If you are considering selling your present property INDEPENDENT will be pleased to provide you with a FREE VALUATION. 04/GH
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 Sovereign Court, Thornton-Cleveleys, Lancashire, FY5
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