We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · WS13 6QR
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jayman offer for sale this 2-bedroom retirement apartment, conveniently located in Lichfield city centre.
Chapter house benefits from lift access to all floors, communal lounge areas and well-maintained communal gardens.
This beautifully presented, modern apartment comprises: entrance hallway with ample storage and intercom system, open plan kitchen/living area with Juliet balcony, master bedroom with ensuite shower-room, guest wc, and second bedroom.
Leasehold Information - we are advised by the seller that there are approximately 990 years remaining on the lease.
There is an annual service charge of £7,251.21 There is an annual ground rent charge of £300.00 Monks Close, Chapter House - Entrance Hallway - With a variety of storage cupboards, including utility cupboard housing washing machine / dryer.
Leading to; Bedroom - 2.97 x 3.04 (9'8" x 9'11") - Double bedroom with built-in storage, and window with garden views. Guest Wc - With wash basin, wc and large storage cupboard.
Living Room - 3.70 x 4.68 (12'1" x 15'4") - Large living area, open plan to kitchen diner with dual aspect windows and juliet balcony.
Kitchen / Diner - 2.82 x 3.68 (9'3" x 12'0") - Well-equipped kitchen with cooker, overhead extractor, and integrated fridge freezer.
Space for dining table and chairs Master Bedroom - 3.43 x 3.47 max (11'3" x 11'4" max) - Double bedroom with built-in wardrobes, and windows overlooking the communal gardens.
En-Suite - Modern bathroom with double walk-in shower, wash basin and wc.
Communal Areas - Beautifully-maintained gardens with patio and seating areas Communal lounge area with log-burner and kitchenette.
Lichfield - Located just north of Birmingham, Lichfield is a charming and historic Cathedral City known for its unique blend of heritage and contemporary living.
With excellent transport links via both Lichfield City and Lichfield Trent Valley stations, commuting is effortless.
The city boasts an array of independent boutiques, bars, and restaurants, including the acclaimed Michelin-starred ‘Upstairs by Tom Shepherd’.
Lichfield also offers an impressive choice of primary and secondary schools, as well as a university campus, making it ideal for families, professionals, and investors alike. Like It?
We Can Help You Buy It! - Thinking of making this property your next home? At Jayman, we are here to help make the move as smooth and stress-free as possible.
Whether you require mortgage advice, help arranging finance, or need to sell your current property in order to secure your next purchase, our experienced team is on hand to guide you every step of the way.
Please speak to a member of our team for further information on how we can assist you and to arrange a free valuation of your home.
Disclaimer And Aml Checks - MONEY LAUNDERING REGULATIONS Should a purchaser(s) have an offer accepted on a property marketed by Jayman, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The intending purchaser(s) will be asked to pay a non-refundable compliance fee of £30.00 inc.
VAT per buyer for these checks and will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.
1: These particulars do not constitute part or all of an offer or contract. 2: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
3: Potential buyers are advised to recheck the measurements before committing to any expense.
4: Jayman has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
5: Jayman has not sought to verify the legal title of the property, and the buyers must obtain verification from their solicitor.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Monks Close, Lichfield
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