2-bedroom flat · RG24 8RR
Sold STCListed 103 days
Opportunity summary
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About
COLLINS RESIDENTIAL ARE DELIGHTED TO PRESENT THIS MODERN AND SPACIOUS TWO DOUBLE BEDROOM FIRST FLOOR MAISONETTE, OFFERING WELL-PROPORTIONED ACCOMMODATION THROUGHOUT AND SITUATED IN THE HIGHLY SOUGHT-AFTER AREA OF LYCHPIT.
THIS FANTASTIC HOME IS AN IDEAL PURCHASE FOR FIRST-TIME BUYERS, DOWNSIZERS OR INVESTORS ALIKE.
THE PROPERTY FEATURES A BRIGHT AND SPACIOUS LOUNGE/DINING ROOM, PROVIDING THE PERFECT SPACE FOR BOTH RELAXING AND ENTERTAINING.
THE MODERN FITTED KITCHEN OFFERS A RANGE OF WALL AND BASE UNITS WITH AMPLE WORKTOP SPACE, WHILST THE CONTEMPORARY BATHROOM IS FINISHED TO A HIGH STANDARD.
THERE ARE TWO GENEROUS DOUBLE BEDROOMS, BOTH OFFERING PLENTY OF NATURAL LIGHT AND VERSATILE LIVING SPACE.
FURTHER BENEFITS INCLUDE A PRIVATE REAR GARDEN, ALLOCATED PARKING, AN IMPRESSIVE 953-YEAR LEASE PROVIDING LONG-TERM PEACE OF MIND.
PERFECTLY POSITIONED WITHIN EASY REACH OF LOCAL SHOPS, SCHOOLS, AMENITIES, AND EXCELLENT TRANSPORT LINKS, THIS WONDERFUL PROPERTY OFFERS BOTH CONVENIENCE AND COMFORT.
EARLY VIEWING IS HIGHLY RECOMMENDED TO FULLY APPRECIATE EVERYTHING THIS EXCEPTIONAL MAISONETTE HAS TO OFFER.
LEASHOLD 953 YEARS REMAINING GROUND RENT: £25.00 P/A COUNCIL TAX BAND: B EPC Rating: E ENTRANCE HALL F.A DOOR, STAIRS TO FIRST FLOOR, DOORS TO ALL ROOMS LOUNGE / DINING ROOM 3.38m x 4.42m WALL MOUNTED ELECTRIC HEATER KITCHEN 2.54m x 2.87m MODERN KITCHEN, EYE AND BASE LEVEL, BUILT IN COOKER AND HOB, SPACE FOR WASHING MACHINE AND FRIDGE FREEZER, PART TILED WALLS BEDROOM ONE 3.51m x 3.07m BUILT IN WARDROBE, WALL MOUNTED ELECTRIC HEATER BEDROOM TWO 2.9m x 3.18m WALL MOUNTED ELECTRIC HEATER BATHROOM WHITE THREE PIECE SUITE, FULL TILED WALLS Rear Garden ENCLOSED WITH BRICKWALL/FENCING.
Parking - Allocated parking
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 Cowslip Bank, Lychpit, RG24
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