1-bedroom flat · ST17 4BS
Sold STCListed 482 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DB Roberts are delighted to offer for sale this stylish one-bedroom top-floor retirement apartment, available with no upward chain.
Situated in a sought-after town centre location, the development was constructed by McCarthy & Stone and comprises 46 well-designed one and two-bedroom apartments.
Residents benefit from a range of communal facilities, including a welcoming residents' lounge, a laundry room, guest suite, beautifully maintained communal gardens, and resident parking.
This retirement complex is exclusively available to purchasers aged 60 and over.
Access to the property is via a secure communal entrance with an intercom system, and a lift provides easy access to the third floor.
The apartment itself features a welcoming entrance hallway, a spacious lounge, a modern refitted kitchen, a generously sized bedroom with a built-in wardrobe, and a well-appointed shower room.
We are advised by the seller that the annual ground rent is approximately £80, and the service charge is around £3,000 per annum. This includes water rates, parking, and use of the laundry facilities.
Early viewing is highly recommended to fully appreciate the accommodation and lifestyle on offer.
Agent Notes: Lease Start Date - 24th November 2006 Lease Term - 125 years from 1st October 2006 Ground Rent - £88 per annum (approx) Service Charge - £3,000 per annum (approx) Mobile coverage from all four major networks Fibre to the Cabinet Broadband Mains Electricity, Water and Drainage are connected.
Electric heating. Resident parking *Results provided by Ofcom and correct at time of listing*
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 Flat 38a, Drakeford Court,, Wolverhampton Road, Stafford
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