1-bedroom flat · DY12 2DX
Listing removedListed 242 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a superb bird’s eye view over the riverside, the apartment commands an outlook both up and downstream, with ever changing scenes unfolding below.
In the opposite direction, rooftop views stretch towards the High Street, offering a wonderful sense of elevation and perspective.
Occupying the top floor of a grand and imposing Grade II listed building overlooking the River Severn, the apartment is ideally placed for the town’s amenities.
The Severn Valley Steam Railway can even be glimpsed from the windows. The accommodation comprises an entrance hall, double bedroom, bathroom and open plan living area.
Please note the property does not currently benefit from central heating or double glazing, presenting an opportunity for sympathetic improvement, subject to the necessary consents.
The current owners enjoy a 15% share share of the freehold with current fees being £750 per year with £50 per year ground rent.
The service charge is split between 5 properties in total with some having a bigger % share depending on size of the property. River House Management Company Limited.
Yearly meetings and accounts prepared. There is parking nearby, which we are told is circa £65 per month.
Property additional info tenure & service charge: Description: The current owners hold a 15% share of the freehold, with the property forming part of River House Management Company Limited.
The development comprises five properties in total, with service charges apportioned between them according to the size of each property's share.
The current service charge is £750 per annum, with an additional ground rent of £50 per year.
Annual meetings are held and accounts are prepared, ensuring the ongoing management and maintenance of the building is organised in a structured and transparent manner.
Anti-money laundering checks (aml): Description: We are legally required to carry out Anti-Money Laundering (aml) checks on all property purchasers to ensure funds used in transactions are legitimate.
These checks are undertaken on our behalf by Hipla, who will contact you directly once your offer is accepted.
A fee of £20 plus VAT (£24 total) per purchaser is payable in advance to Hipla before a memorandum of sale can be issued. This fee is non-refundable.
If a gifted deposit is being provided, the person gifting the funds must also complete an aml check. Please note, these are not credit checks and will not affect your credit score or financial record.
We appreciate your cooperation with this legal requirement. Additional information: Description: There is no gas in the flat although we are aware there is gas in the building.
There is no fixed heating in the flat. Bathroom: Description: Panelled bath with mixer tap, mixer shower and fitted shower screen.
Having tiled effect flooring, partial tiling to the walls which provides a splash back. Pedestal wash hand basin, close coupled wc suite, exposed timbers, ceiling light point and heated towel rail.
Open plan living kitchen dining room: Description: A room oozing charm and character.
With exposed timbers and an abundance of natural light courtesy of front facing window, further complimented by two roof windows to the rear.
Wooden flooring, two ceiling light points and door to bathroom. Having an ample range of base units having complimentary roll edged working surface over.
Inset one and a half bowl stainless steel sink unit with mixer tap over. Four ring electric hob unit having extraction hood over. Built in electric oven.
Partial tiling to the wall provides a splash back. Bedroom: Description: Having window to front elevation maximising the uniterupted view up and down stream and across the river.
Built in airing cupboard and inset ceiling spot lights. Entrance hall: Description: Wooden flooring, ceiling light point, entry phone and exposed timber.
Approach: Description: From Severnside South enter into the communal entrance. Here are the concealed electricity meters and where post is delivered for the flats within the building.
Stairs ascend to the top floor where this super flat is found.
Value & comps
No previous sales on record.
Returns
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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 Flat 4 Riverhouse, 10 Severn Side South, Bewdley
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