1-bedroom flat · RG12 1WP
Listing removedListed 326 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**no deposit option** An outstanding apartment converted in 2022 benefitting from off street parking in a gated development The high quality finish and attention to detail is evident throughout the development, so expect to be impressed.
It is located within a close proximity to the Lexicon shopping centre and railway station. Further benefits include allocated parking for every apartment. The property has an EPC Rating: C.
Rent excludes the tenancy deposit and any other permitted payments. A Holding Deposit of £275.76 based on the advertised rent, is required to reserve this property. Min Term 12months.
Deposit payable is £1378.84 or this property is available with our No Deposit Option.
The electricity bill will remain in the Landlords name for the duration of the tenancy and unfortunately due to how the building was converted from office use to residential, it is not possible to change this.
The Landlord receives the bill from the electricity supplier and then bills each individual property based on their usage.
Every single property within the building has its own electricity meter which the landlord takes readings from and then bills according to their usage for that period.
All other bills are in the Tenants name as normal.
Also with regards to parking, just to confirm each flat is provided with one allocated parking space and if they wish to have another space this will be an additional £50pcm (subject to availability).
The parking space numbers do not relate to the apartment numbers (i.e. Apartment 1 will not necessarily have space number 1).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 23, Compass Court, Cain Road
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