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See how verdicts work1-bedroom flat · NG25 0GL
Listing removedListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain – Spacious and well presented Second Floor Apartment in this converted former flour mill which is an ideal first time purchase or investment property, the communal entrance offers a lift and stairs to the second floor landing and allows access to the apartment.
Accommodation includes Entrance Hall, Open Plan Lounge/Kitchen, Double Bedroom and Bathroom. Communal parking is provided behind a barrier entrance. Viewing is highly recommended.
Description No Onward Chain – Spacious and well presented Second Floor Apartment in this converted former flour mill which is an ideal first time purchase or investment property, the communal entrance offers a lift and stairs to the second floor landing and allows access to the apartment.
Accommodation includes Entrance Hall, Open Plan Lounge/Kitchen, Double Bedroom and Bathroom. Communal parking is provided behind a barrier entrance. Viewing is highly recommended.
Location Southwell is a picturesque market town known for its rich history and stunning architecture.
Located in the heart of the English countryside, Southwell boasts a range of amenities and facilities. One of the town's most iconic landmarks is Southwell Minster, a stunning medieval cathedral.
The town is also home to numerous quaint shops, charming cafes, and traditional pubs, providing plenty of options for dining and shopping.
Southwell offers schools, healthcare providers and recreational facilities, ensuring that residents have access to essential amenities.
Additionally, Southwell has good transportation links, making it easy to explore the surrounding area and beyond.
Leasehold information Length of Lease - 999 years (from March 1990) Years Remaining on Lease - 963 years Annual Ground Rent - tbc Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - tbc Service Charge Reviewed - Annually tbc All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Communal entrance Glazed panelled communal entrance door gives access to the communal main reception area which offers a lift and stairs of to this second floor apartment.
Entrance hall 9' 10" x 16' 1" (3m x 4.9m) With a front entrance door giving access to the entrance hall, electric storage heater, wall lights, corner storage cupboard and door off to open plan lounge/kitchen.
Kitchen area 9' 10" x 9' 3" (3m x 2.82m) With a range of wall and floor mounted unit with worksurface over, inset stainless steel single drainer sink unit, electric oven and hob with extractor over, fridge freezer space and plumbing for washing machine.
Lounge area 12' 10" x 14' 6" (3.91m x 4.42m) With two glazed windows to the rear elevation, vaulted beamed ceiling, entry phone system and electric storage heater.
Bedroom 12' 10" x 10' 6" (3.91m x 3.2m) With glazed window to the rear elevation, beamed ceiling and electric storage heater.
Bathroom 6' 2" x 9' 5" (1.88m x 2.87m) Comprising of a panelled bath, separate shower cubicle, vanity wash hand basin, low level WC.
Outside Communal parking is situated to the rear of the property, accessed via electric gated access situated to the side of the property.
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
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FAQ
About 16 Greet Lily Mill, Station Road, Southwell
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