1-bedroom flat · DN16 2EF
For saleListed 1227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attention investors! Sold as an investment with a sitting tenant in paying £550 pcm.
The property benefits from well presented accommodation throughout briefly comprising of 1 double bedroom, modern bathroom, lounge, kitchen and hallway with storage cupboard.
Outside the property has an allocated parking space and has a new boiler fitted July 2025, communal gardens and access to a visitors parking area.
We have been advised by the current owner that there is a ground rent of £52.80 per month and 81 years remaining on lease. An internal inspection is highly recommended, call today to view! Leasehold.
Council tax band: A. Hallway Having radiator and storage cupboard. Lounge (10' 4'' x 12' 6'' (3.15m x 3.81m)) Having uPVC double glazed window to rear aspect, radiator and coved ceiling.
Kitchen (6' 5'' x 9' 10'' (1.95m x 2.99m)) Having uPVC double glazed window to rear aspect, wall and base units with work surfaces over, inset sink and drainer unit, space appliances and built-in storage cupboard with further space for appliances.
Bedroom (9' 5'' x 11' 7'' (2.87m x 3.53m)) Having uPVC double glazed window to rear aspect and radiator.
Bathroom (8' 0'' x 4' 0'' (2.44m x 1.22m)) Having uPVC double glazed window to rear aspect, heated towel rail, wash hand basin, low level WC and panelled bath with shower over.
Outside Having communal gardens, allocated parking space and access to a generous visitors parking area.
Agents Note The current vendor has made us aware there is a ground rent to pay of £52.80 per month. 81 Years remaining on lease.
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 15, Revesby Court, Scunthorpe
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