2-bedroom flat · DN22 6RE
Listing removedListed 441 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Investor opportunity only A great opportunity to acquire this well proportioned two bedroom first floor apartment, with a gross rental yield of 7.09% if purchased at the asking price.
Overlooking the River Idle, the living accommodation briefly comprises an entrance hall, open plan kitchen lounge diner, two bedrooms, and a family bathroom.
A single allocated parking space resides close by.
Conveniently located on a modern development in Retford, 70 Waterfields is just a brief walk from the town’s wealth of everyday amenities, entertainments facilities, restaurants, boutiques, and schools for all age groups.
Retford Train Station, offering a direct line to London King’s Cross in less than 90 minutes at selected times, is also within easy reach.
Viewings are highly recommended to fully appreciate the rental opportunity and prime town setting being offered for sale.
EPC Rating: B Entrance Hall: With access to handy storage cupboard, centre light point and continuing into: Kitchen: (1.65m x 2.69m) To the kitchen area, a range of eye and base level units with laminate worksurfaces and tile splashback, stainless steel one and a half sink and drainer with chrome mixer tap, integrated four ring gas hob with concealed extractor fan above, integrated oven, space for undercounter fridge, space and plumbing for washing machine, window to side elevation, wood effect laminate flooring and downlights to ceiling.
Lounge Diner: (4.22m x 5.26m) To the lounge diner, dual aspect windows to front and side elevations, wood effect laminate flooring and two ceiling light points.
Bedroom One: (2.69m x 3.66m) Benefitting from an integral storage cupboard, window to side elevation and centre light point.
Bedroom Two: (1.91m x 3.53m) With window to side elevation, and centre light point.
Family Bathroom: (1.80m x 2.49m) A three piece suite comprising of pedestal wash hand basin, low level WC, and bath with overhead mains fed shower handset and shower screen, obscured window to rear elevation, partially tiled walls, tile effect vinyl flooring and downlights to ceiling.
Outside: Outside sees a single allocated parking space.
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
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FAQ
About 70 Waterfields, Retford
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