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See how verdicts work2-bedroom flat · ST5 9GA
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bob Gutteridge Estate Agents are delighted to bring to the market this beautifully and well-appointed two-bedroom ground floor retirement apartment, situated within the highly regarded Mill Rise Village development and available to purchasers aged 55 and over.
Offered at £79,950 for a 75% share, this delightful apartment provides an excellent opportunity to enjoy independent and secure retirement living within a welcoming and well-maintained community setting.
Thoughtfully designed with both comfort and convenience in mind, the accommodation comprises two well-proportioned bedrooms, together with a stylish Jack and Jill wet room, which is accessible from both the hallway and principal bedroom.
The heart of the home is the bright and spacious open-plan kitchen/dining/living area, creating a sociable and contemporary living environment.
The modern fitted kitchen flows seamlessly into the living area, where French doors open onto the communal gardens.
Mill Rise Village offers a range of communal facilities and beautifully maintained gardens, providing residents with attractive outdoor spaces in which to relax and socialise.
The development also promotes a friendly community atmosphere, whilst the apartment benefits from off-road parking for added convenience.
The property is being sold with no vendor upward chain, making it ready for its new owner to move in and enjoy.
Combining comfortable accommodation, independent living and a welcoming community environment, this superb retirement apartment represents an excellent opportunity for those looking to enjoy a relaxed and secure lifestyle.
Entrance Hallway (3.45m x 2.39m maximum (11'4" x 7'10" maximum )) With panelled front access door, pendant light fitting, smoke alarm, power points, built-in storage cupboards providing ample domestic storage space and doors leading off to; Fitted Kitchen / Living Space (7.95m x 3.84m (26'1" x 12'7" )) With Upvc double-glazed patio French doors to front, glazed window to rear, three-lamp light fitting, two spotlight fittings, heat alarm, two single panelled radiators, feature hearth with timber surround and coal-effect electric fire, a range of base and wall-mounted kitchen storage cupboards providing cupboard and drawer space, round-edge worktop, built-in stainless-steel sink unit with mixer tap above, built-in electric oven with four-ring electric hob and extractor hood above, space for fridge/freezer, space for automatic washing machine, ceramic splashback tiling, power points, phone line connection point and wood-effect laminate flooring.
Bedroom One (4.65m x 3.00m (15'3" x 9'10")) With Upvc double-glazed windows to front, single panelled radiator, pendant light fitting, power points and door leading off to; Jack & Jill Wet Room (2.31m x 1.65m (7'7" x 5'5" )) With two spotlight fittings, wall-mounted Dimplex electric heater, a white suite comprising low-level dual-flush WC, vanity sink unit with mixer tap above and thermostatic direct-flow shower unit, dual voltage shaver socket and white ceramic splashback tiling.
Bedroom Two (3.48m x 2.21m (11'5" x 7'3" )) With Upvc double-glazed window to front, pendant light fitting, single panelled radiator, power points, TV aerial connection point and power points.
Maintained Grounds The property is set on mature maintained grounds and offers various seating areas in the communal garden to enjoy the development's green spaces.
Communal Areas Throughout the development various seating areas can be found to wind down and relax or enjoy a catch up with other residents or family.
Shared Ownership This property is shared ownership with with Aspire Housing which retain 25% of the ownership of the property. The listed price reflects the 75% share of the property.
Leasehold Initial Lease Term: 99 Years from 14/2/2010 Lease Term Remaining: 81 Years There Is No Ground Rent. For 7 Mill Rise, Monthly Service Charge Is £356.92.
The Service Charge Includes - Communal Furniture Charge Communal Cleaning Charge Estate Caretaking Housing Management Communal Electric Communal Gas Grounds Maintenance Aspire Management Charge Repairs Building Insurance Equipment Servicing Communal Water Shared Owner Heating Charge Council Tax Band 'B' amount payable to Newcastle-under-Lyme Borough Council.
Looking To Sell Your Home?
Bob Gutteridge Estate Agents are one of Staffordshire's leading estate agents and offer a comprehensive sales package to ensure a swift and efficient sale, so don't delay call us on to request your free pre market valuation.
Buyers registered and waiting for your property ! Mortgage We have access to a financial adviser that specialises in residential mortgages and has access to a host or mortgage lenders.
Written quotations on request. Contracts of insurance may be required. Your home is at risk if you do not keep up repayments or other loans secured on it.
Call to arrange your free initial consultation today. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
Note None of the services, built in appliances or where applicable central heating, have been tested by the Agents and we are unable to comment on serviceability.
Services Main services of electricity, water and drainage are connected. Viewing Strictly by appointment with the Agents at 2 Watlands View, Porthill, Newcastle, Staffs, ST5 8AA. Telephone number:
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.
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FAQ
About Apartment 7, Mill Rise Village, Lymebrook Way, Newcastle-under-Lyme
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