1-bedroom flat · BR6 8NE
For saleListed 249 days
Opportunity summary
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About
CHAIN FREE, 1 bed retirement flat with EXTENDED LEASE.
Situated in popular Summerlands Lodge conveniently situated for shops and amenities in Locksbottom, PRU Hospital and bus routes to Bromley and Orpington.
Situated in Phase 1 of the popular Summerlands Lodge retirement development is this CHAIN FREE first floor flat. The current owners have extended the lease to 162 years from 25/03/1985.
There is an entrance hall with a useful storage cupboard, spacious living/dining room with views over the communal grounds and a double bedroom with a fitted double wardrobe and vanity unit with drawers.
The kitchen has an ample range of fitted wall and base units with a small breakfast bar, cooker, hob and hood above plus space for appliances.
The three piece shower room has the benefit of a large storage/airing cupboard and a practical shower cubicle.
Summerlands Lodge is conveniently located for bus routes, local shops and supermarkets in nearby Locksbottom and the PRU Hospital.
The development benefits from a warden, 'Care Line' emergency pull cords, entryphone system and lift, in addition to the many communal facilities such as residents lounge and laundry room.
There are communal gardens with seating areas and a guest room is available for visitors.
Broadband and Mobile Coverage For broadband and mobile phone coverage at the property in question please visit: checker.ofcom.org.uk/en-gb/broadband-coverage and checker.ofcom.org.uk/en-gb/mobile-coverage respectively.
IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact and a buyer is advised to obtain verification from their own solicitor or surveyor.
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.
Area
Agent & docs
FAQ
About Farnborough Common, Orpington, Kent, BR6
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