2-bedroom flat · SR5 3BQ
Listing removedListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally positioned for Castletown amenities we offer a 2-story property which is larger than you would expect.
Recently decorated and having new flooring throughout the property comprises to the ground floor spacious entrance hall, modern kitchen, rear lobby, first floor half landing dining room/study (could have a variety of uses), bathroom, full landing, lounge and 2 bedrooms (1 double and 1 single) Rent £595PCM, holding deposit £137, deposit £595, maximum deposit £686 (equal to 5 weeks rent).
Council tax band A. EPC C. Mains electric, gas, water & sewerage. Ultrafast broadband available. Mobile coverage EE 86%, Three 84%, Vodaphone 84% and O2 79%.
Room sizes Kitchen: 4.60m x 2.26m Dining room/study: 4.59m x 2.28m Bathroom: 3.34m x 2.10m Lounge: 4.67m x 4.18m Bedroom 1: 4.73m x 4.10m Bedroom 2: 2.95m x 1.92m
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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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