Modern Method of Auction
Auction date not yet published
Studio flat · CF5 3EL
For saleListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, free advice available to assist with lender recommendations for this property.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. MR Homes are delighted to represent our client in bringing to market with NO ONGOING CHAIN this superb, fully renovated studio flat.
The current owner has done a truly fabulous job of modernising this studio flat including a new kitchen complete with motion detecting lighting.
The living area has a lovely window seat and then there is plenty of space for a double bed and bedroom furniture.
The property is in a sought after location and the shops and amenities of Fairwater Green are 0.5 miles away, which can be reached on foot within ten minutes or you can take advantage of the Forest View bus stop which is directly outside the property.
The property briefly comprises: secure communal entrance; combined kitchen, living and sleeping area; study area; shower room. The property also benefits from parking at the rear of the property.
The property is Leasehold with approximately 77 years remaining.
Tenure: Leasehold (120 Years from 1st October 1983) Ground Rent: £130 per annum Service/Maintenance Charges: £1,100 per annum Mobile Signal Please see Ofcom coverage checkers Construction Type Standard Communal Entrance 7' 7" x 25' 8" (2.31m x 7.82m) Accessed via uPVC main entrance door with DG panels; Intercom system; rear door leads out to steps leading up to residents parking Studio/Living/Sleeping Area 9' 3" MIN x 18' 3" MAX (2.82m x 5.56m) Accessed via solid timber door; laminate wood flooring; uPVC DG windows to front; window seat; Ronite electric radiator Kitchen Area 6' 5" x 7' 2" (1.96m x 2.18m) Vinyl flooring; matching wall and base units with worktops over and tiled splash backs; stainless steel sink with draining board and mixer tap; LEDs to base boards and at high level and inside cupboards (with proximity sensors); space for free-standing cooker, space and plumbing for washing machine, space for freestanding fridge/freezer; uPVC DG window to front Study 5' 2" x 4' 6" (1.57m x 1.37m) Vinyl flooring; ARISTON hot water heater; timber window with leaded obscured glazing Shower Room 5' 1" x 5' 11" (1.55m x 1.80m) Vinyl flooring; electric towel heater ladder style radiator; matching white suite comprising pedestal Wash hand basin with separate hot and cold taps; WC and shower cubicle with Redring Bright electric shower; fully lined walls with wet wall panels; timber window with obscured glazing to side
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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Deal
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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
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