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See how verdicts work2-bedroom flat · RH10 1AY
For saleReduced £5k (−2.9%) on 26 OctListed 311 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVER 55's ONLY Situated in the popular area of Three Bridges and a well-regarded development for the over 55s, this spacious two-bedroom apartment offers comfortable, low-maintenance living.
Close to Crawley town centre, the property benefits from excellent transport links and a variety of local amenities.
Positioned on the first floor with both lift and stair access, the property features a welcoming entrance hall with multiple built-in storage cupboards and newly fitted carpets.
The generously sized open-plan living/dining room spans the full length of the apartment, enjoying an abundance of natural light from a floor-to-ceiling window.
The adjoining kitchen is fitted with a range of wall and base units, granite-effect worktops, and space for white goods.
Both bedrooms are well-proportioned doubles, with the principal bedroom benefiting from fitted wardrobes.
A contemporary bathroom includes a bath, wash basin, and WC, while a separate cloakroom provides additional convenience.
Residents have access to a secure telecom entry system and a range of communal facilities including a lounge, guest suite, laundry room, and communal toilets.
The development is surrounded by well-maintained gardens with seating areas, and there is ample parking available for residents and visitors.
Offered to the market with no onward chain, this property presents an excellent opportunity to join a friendly and established retirement community. EPC Rating B.
* Retirement Home - OVER 55s ONLY * Communal garden * Spacious first floor apartment * Newly carpeted hallway * Resident and Visitors Parking * Close to town centre & train station providing excellent transport links Entrance Hall Doors to; Living/Dining Room 4.85m x 3.5m Bedroom 4.37m x 3m Bedroom 3.7m x 2.36m Kitchen 1.78m x 2.97m Bathroom 2.29m x 1.73m MATERIAL INFORMATION Council Tax Band C Tenure Leasehold - 998 years from 24 June 2007 Service Charge £3493.06 per annum.
- Charges for the period 1st April 2024 - 31st March 2025. Reviewed annually. Building insurance & reserve fund are included. Broadband Coverage Up to 80Mbps.
For more information please visit Mobile Services All good for voice calls and data on Three and Vodafone, other networks may be limited.
For more information please visit Mains Services Gas/Electricity/Water-Metered/Drainage Heating System Gas radiators in all rooms.
Communal Areas Laundry room/Guest Suite/Communal Living room Accessibility Facility has been made for disabled access i.e. doorways, shower rails, pull cords etc.
Restrictive Covenants Yes - relating to the erection of fences, which must not reach a height taller than 6ft. No advertising besides for the purposes of letting or selling.
No buildings can be erected, nor machinery used aside from for agricultural purposes.
Please note this is a brief summary of key information contained within the property title and any prospective purchaser should seek further clarification from their conveyancer.
Parking Resident and visitor parking.
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 Commonwealth Drive, Crawley, West Sussex, RH10
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