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 · RH2 8BP
Listing removedReduced £10k (−7.4%) on 7 OctListed 500 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom ground floor retirement apartment with patio door Ridings Court was constructed by McCarthy & Stone (Developments) and comprises a total of 30 properties arranged over 3 floors each served by a lift.
There is a Development Manager and in addition there is a 24 hr Appello emergency response call system operating 365 days a year when the manager is off duty.
It is a condition of purchase that residents be over the age of 60 years or in the event of a couple, one must be 60 years and the other over 55 years.
Please speak to our Property Consultant if you require information regarding Event Fees that may apply to this property. Accommodation Front door leads to the...
Entrance Hall Ceiling light, power point, door to airing cupboard with fuse box, electric meters, storage space and emergency call point. Doors through to living room, bathroom and bedroom.
Living Room With Dual Aspect Fire surround and coal effect electric fire. Power points, TV aerial point, ceiling lights, telephone point and camera entry system for use with a standard TV.
Kitchen With Window Tiled and fitted with wall and floor cupboards with drawers, stainless steel sink unit with single drainer and easy lever grip taps, fitted work top, built in eye level electric cooker with ceramic hob and extractor hood, fridge and freezer, power points, extractor fan.
Bedroom Built-in double wardrobe with hanging rails and shelves, power points, ceiling lights, telephone point and TV point Shower Room Fully tiled and fitted with a shower cubicle and fold down seat.
Emergency pull cord, wash hand basin, WC with low level flush, extractor fan and towel rail.
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
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FAQ
About 3, Ridings Court, Reigate
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