1-bedroom property · KT15 2FB
For saleListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular Matthews Lodge development for persons of 60 years+ is this spacious one bedroom first floor apartment.
The flat is offered in good condition throughout and is set back from the main road.
The spacious L-shaped reception room has a sunny south aspect and the fact it is a corner apartment, allows it to have an abundance of natural light throughout.
The apartment is positioned so its close to both the lift and stairs as well as having easy access out to the car park making this arguably one of the best flats in the development in our opinion.
The property comprises of a spacious and relaxing reception room, a modern kitchen with appliances, a double bedroom with built in wardrobes, a bathroom with a window, two storage cupboards off the entrance hall and parking for both you and your guests should they need it.
Matthews Lodge was completed in 2007, and comprises 36 one and two bedroom retirement apartments located in the town of Addlestone, only a short distance from the many shops and transport links available on Addlestone High Street.
Despite being only 9 years old, the development has successfully established itself, with a lively community and plenty of resident run events taking place on a weekly basis.
The bright and airy Residents` Lounge, resident parking, mobility scooter parking, welcoming Lodge Manager, Guest-Suite and Laundry, all come together to make Matthews Lodge an ideal retirement choice.
Key Information: • Service Charge: £2,711.06 Per Annum • Ground Rent: £811.26 Per Annum • Ground Rent Review periods: TBC • Lease Expiry Date: 1st July 2132 • Tenure: Leasehold • Council Tax Band: C • EPC Rating: C • Heating Type: All electric • Parking.
Unallocated • Mobile Strength: Data Provided by Ofcom EE - Likely to have good coverage and supports multimedia. Three - Likely to have good coverage and supports multimedia.
O2 - Likely to have good coverage and supports multimedia. Vodafone - Likely to have good coverage and supports multimedia.
• Broadband Strength: Data Provided by Ofcom Standard 11 Mbps/1 Mbps Superfast 279 Mbps/43 Mbps Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
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FAQ
About Matthews Lodge, Addlestone
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