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See how verdicts work1-bedroom flat · BN14 8PG
Sold STCListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this one presented one double bedroom first floor shared ownership apartment, a perfect opportunity to get your foot on the property ladder!
in brief the property comprises of a deceptively spacious lounge area which is lovely & bright, there is an opening into the kitchen which has space for utilities, a large double bedroom with fitted wardrobe space & the accommodation is completed by a fitted family bathroom.
Externally there are communal gardens to the rear & the property benefits from an allocated parking space with visitors bay's available on a first come first serve basis.
Communal Entrance Hallway Stairs leading to first floor. Entrance Hallway Dimensions: 2.84m x 0.94m (9'4 x 3'1).
Private front door, laminate flooring, wall mounted telephone security entry system, skimmed ceiling with coving, smoke detector, fitted storage cupboard housing wall mounted electric meter & fuseboard having its own separate lighting also benefitting from a hanging rail & shelving.
Bedroom Dimensions: 4.32m x 2.72m (14'2 x 8'11).
Laminate flooring, wall mounted electric heater, various power points, PVCU double glazed window, fitted wardrobe with various hanging rails & shelving, skimmed ceiling with coving, smoke detector, loft hatch access.
Lounge Dimensions: 5.18m x 4.93m (17 x 16'2).
Laminate flooring, wall mounted electric heater, various power points, television point, PVCU double glazed window, skimmed ceiling with coving, smoke detector, opening into kitchen.
Kitchen Dimensions: 2.21m x 2.01m (7'3 x 6'7).
Vinyl flooring, roll edge laminate work surfaces with cupboards below & matching eye level cupboards, matching eye level cupboards, inset stainless steel sink single drainer sink unit with mixer tap, space for oven with extractor fan above, space for fridge freezer & washing machine, wall mounted electric heater, wall mounted electric heater, tiled splashbacks, PVCU double glazed window, skimmed ceiling with coving, smoke detector.
Bathroom Dimensions: 2.06m x 1.68m (6'9 x 5'6).
Vinyl flooring, low flush WC, panel enclosed bath with wall mounted Triton electric shower over, pedestal hand wash basin with mixer tap, fully tiled walls, extractor fan, wall mounted vanity unit with mirrored front, skimmed ceiling with coving, wall mounted electric heater.
Communal Gardens Mainly laid to shingle with various drying areas, also having various mature shrub, tree & plant borders, communal bin storage.
Parking One allocated parking space - visitors parking available on a first come first serve basis.
Lease Information 50% Shared Ownership Of Property - 100% Value £190,000 (RICS Surveyors Opinion) Lease Term: 107 Years Remaining Service Charge: £2,256 PA Ground Rent: £0 Council Tax Band A
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
Agent & docs
FAQ
About Penfold Road, Mortimer House, BN14
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