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See how verdicts work2-bedroom flat · NG23 7BJ
Listing removedReduced £10k (−4.8%) on 21 JunListed 195 days
Opportunity summary
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About
With just 22 apartments, Beaufields House has been designed as a community for the over 55's who are looking to enjoy their free time in a low maintenance home.
Apartment 23 is one of the larger designed apartments within the building, and is a luxurious two bedroom : Entrance hallway, storage rooms, gorgeous open plan living/dining kitchen with patio doors, two bedrooms, en suite shower room and a separate family bathroom.
Each apartment benefits from usage of the host of services Beaufields House has to offer such as excellent communal facilities including a residents' lounge, a hobbies room and the community gardens.
Summary With just 22 apartments, Beaufields House has been designed as a community for the over 55's who are looking to enjoy their free time in a low maintenance home.
Apartment 23 is one of the larger designed apartments within the building comprising: An entrance hallway, storage rooms, gorgeous open plan living/dining kitchen with patio doors onto Juliet style balcony, a modern bathroom and two bedrooms with wardrobes and an en-suite shower room to bedroom one.
Each apartment benefits from usage of the host of services Beaufields House has to offer such as excellent communal facilities including a residents' lounge, a hobbies room and the community gardens.
Location Collingham village has an excellent range of amenities including supermarket, medical centre, dentist, pharmacy and shops.
Collingham has a train station with access to both Newark and Lincoln.
Newark town centre is approximately 6 miles and offers further independent and high street shops and road links with the A1, A46 and A17.
Entrance The Apartments are accessed via secure double opening sliding glass doors activated via a intercom system linked to each apartment or residents fob.
The communal entrance area comprises of lounge and kitchenette which each resident has full access to alongside the hobbies room. There are stairs and lift to the first floor.
Apartment 23 First Floor Accommodation:- entrance hall Having a large storage cupboard, radiator and doors off to:- open plan living dining room 25 ' 1" x 12' 7 max" (7.65m x 3.84m) This lovely room has a window to the front elevation, radiator and French Doors with a glass Juliet style balcony.
The kitchen is fitted with a range of wall and base units with a work surface incorporating an inset stainless steel sink and drainer.
Integrated appliances include a microwave, electric oven, electric hob with extractor fan over, fridge freezer, slimline dishwasher and washer dryer.
Bedroom one 12' 10" x 11' 6" (3.93m x 3.52m) Window to the front elevation, radiator and built in wardrobe with glass doors.
En suite 7' 3" x 5' 6" (2.21m x 1.69m) Fitted with a walk in shower cubicle, wash hand basin and low WC. Radiator and extractor.
Bedroom two 11' 4" x 7' 3" (3.46m x 2.21m) Window to the front elevation and a radiator.
Bathroom 8' 9" x 5' 7" (2.69 m x 1.71m) Having a white suite comprising a paneled bath, wash hand basin and low level WC. Radiator and extractor.
Airing cupboard 7' 4" x 3' 11" (2.24m x 1.20m) Another useful cupboard housing the boiler and hot water cylinder.
Services Each apartment is fully electric, being heated via ground source heat pumps which harness natural geothermal heat from under the ground. This heat is also used to provide the hot water.
These well insulated apartments with their double glazed patio doors are highly energy efficient.
Ventilation fans run constantly at a low level, removing stale air from the apartment meaning you breathe cleaner air, positively impacting your health and wellbeing.
Management company Residents of Beaufields House automatically become a shareholder in the Management Company.
This is solely a resident owned management company meaning homeowners decide how their annual service charge is used.
As shareholder in the resident owned management you can expect to have the following services:- • Maintenance of public open spaces and unadopted roadways within the development; • Grounds maintenance of the communal gardens; • Cleaning and caretaking within the communal areas; • Necessary insurances for areas outside of your personal ownership; • Fully protected sinking fund.
Estimated Service Charge - £2011.10 per annum. Tenure Leasehold (999 year lease from 2021). Local authority Newark and Sherwood District Council, Castle House, Great North Road, Newark, NG24 1BY
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.
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About 23, Beaufields House, Newark
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