2-bedroom flat · DL10 4AB
Listing removedListed 107 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Modern First Floor Apartment conveniently located for Richmond town centre.
Communal Entrance Hall, Hall, Lounge/Dining Room, Kitchen, 2 Bedrooms, Bathroom/WC, Gas Fired Central Heating, Double Glazing, Council Tax Band B. EER C76.
Description - A Modern First Floor Apartment conveniently located for Richmond town centre.
Communal Entrance Hall, Hall, Lounge/Dining Room, Kitchen, 2 Bedrooms, Bathroom/WC, Gas Fired Central Heating, Double Glazing, Council Tax Band B. EER C76.
General Information - TERM Assured Periodic Tenancy RENT £675 per calendar month in advance, exclusive of council tax and all other outgoings.
As part of the application process the referencing agency will carry out reference checks on our behalf and for their affordability calculation they will look for the applicant(s) annual income to be at least 30 times the monthly rent.
DEPOSIT £775. NOTE The first month’s rent and deposit (minus the holding fee) is to be paid directly into our clients account before sign up. (Please note that we cannot accept card payments).
RESTRICTIONS. No smoking. As the property does not have a garden, the landlord reserves the right to not consider those with pets. COUNCIL TAX BAND B.
CONTENTS INSURANCE The tenant is responsible for arranging their own contents insurance.
Broadband and Mobile Phone Coverage – please check using this website APPLICATION PROCESS All applicants shall be requested to complete detailed application forms.
We shall undertake comprehensive reference checks which will include right to rent ID checks in accordance with the Immigration Act 2014.
In accordance with the Tenant Fees Act 2019 we request that the prospective tenant(s), to reserve the property and to demonstrate commitment to rent the property whilst reference checks take place, pay(s) a holding deposit to ourselves which is equivalent to not more than one week’s rent, which shall be put towards the deposit payable at the start of the tenancy (and shall be held subject to conditions, further details upon request).
We are a member of the The Property Ombudsman, Milford House, 43-55 Milford Street, Salisbury, SP1 2BP, telephone number , fax number , email , website Our clients account details are as follows: NFB & DB & JF Brown Clients Account, Barclays Bank, 55 Market Place, Richmond, N.Yorkshire, DL10 4JH.
This account is not interest bearing.
As members of the Royal Institution of Chartered Surveyors (RICS) we carry out a monthly reconciliation of our clients account and are activities are subject to monitoring under the institutions conduct and disciplinary regulations.
The RICS operates a clients money protection scheme of which we are a member (further details available upon request).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Flat 3, Frances Lee House, Pottergate, Richmond
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