We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · DN22 6DY
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
High-Yield Investment Opportunity | 8.4% Projected Net Yield | Central Retford 1-Bed Apartment Key Features: - Asking Price: £75,000 High Net Return: Projected 8.4% net yield based on an AST rental value of £650/month - Versatile Income Strategy: Currently operating as a short-term let (STL) with strong historical revenue, or ready to convert to a long-term AST - Long Leasehold: Long term lease (approx.
246 years remaining on a 250-year lease) - Low Outgoings: Peppercorn ground rent (£0) with an annual service charge of £805.73 - Prime Town-Centre Location: Situated in the heart of Retford, moments from shops, cafes, bus station (0.2 mi), and rail links (0.7 mi) The Opportunity: An excellent opportunity for investors to acquire a modern, well-presented one-bedroom second-floor apartment situated in Carolgate House, right in the heart of central Retford.
Offered at an accessible price point of £75,000, this self-contained apartment presents an ideal entry point or portfolio addition with immediate rental revenue potential.
Investment Summary & Financials: - Asking Price: £75,000 - Predicted AST Rental Income: £650 per calendar month (£7,800 per annum) - Projected Net Yield: 8.4% (calculated based on £650/mo AST rental income after ground rent & service charge deductions) - Historical STL Revenue: £14,100+ gross total revenue generated while operating on short-term let platforms - Tenure: Leasehold (250-year lease from ~2022) - Ground Rent: Peppercorn (£0/year) - Service Charge: £805.73 per annum The Property: Located on the second floor of a small, exclusive residential development of just 8 apartments, Apartment 7 is a bright, modern, and low-maintenance unit.
- Living/Kitchen Area: Open-plan lounge and dining space featuring fully integrated kitchen units, oven, ceramic hob, and fridge freezer.
- Bedroom: Well-proportioned single double bedroom fitted with contemporary carpeting. - Bathroom: Stylish suite with self-contained shower cubicle and contemporary finishes.
Location & Amenities: Carolgate House offers unbeatable access to Retford's local amenities, dining, and transport links: - Transport Links: Retford Bus Station is just 0.2 miles away, and Retford Train Station is 0.7 miles away (offering direct East Coast Mainline services to London King's Cross in under 1.5 hours).
- Major Employers: Ideal for commuters and local workers, with Wilko's main distribution hub and B&Q's Northern Distribution Centre serving as major regional employers nearby.
- Local Amenities: Surrounded by local retail, cafes, pubs, and supermarkets on your doorstep.
Viewing & Enquiries: Contact Residential Estates today to arrange a viewing or to request full financial information and floor plans.
Tenure: Leasehold (250 years) Ground Rent: £0 per year Service Charge: £805.73 per year
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Apartment , Carolgate House, Retford
Explore nearby
