1-bedroom flat · LA22 9BW
Sold STCListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
105 Millans Court is an excellent one bedroom first floor apartment, within this highly popular residential development designed for over 55’s.
Millans Court was developed by Pilkingtons with security and comfort in mind in the late 1980’s.
It has Economy 7 central heating, double glazing, and is well insulated providing a comfortable and easy to run home.
The apartment is well positioned on a retirement development which is managed well and enjoys the services of a guest suite, resident’s lounge, laundry facilities and resident manager, plus an attractive communal garden.
An opportunity to acquire a comfortable, secure and easily managed retirement home although in need of some refurbishment. Conveniently situated just off the centre of this popular Lakeland town.
Close at hand is an excellent range of amenities including shops, restaurants, churches, doctors and library etc. With an abundance of fell and country walks from the door step.
Accommodation Front door leading to ‘L’ shaped entrance hall with wall heater, cupboard housing water cylinder and entry phone system and alarm panel.
Open Plan Dining Room With useful separate storage cupboard.
Kitchen A selection of cream wall and base units with worktop, integrated electric cooker with hob, extractor, part tiled and stainless steel sink unit with mixer tap. Wall shelves.
Lounge A spacious light and airy south facing room with a double glazed window, TV and telephone point, warden alarm pull cord and night storage heater.
Bedroom One Generously proportioned room with built in wardrobe, warden pull cord and night storage heater. South facing aspect.
Bathroom Three piece coloured suite comprising of panelled bath with Mira shower over, WC in wall unit and wash hand basin.
Tall slimline storage, mirror/electric shaver point and electric wall heater. Extractor and majority tiled walls.
Outside Shared garden and courtyard areas for enjoyment of residents of Millans Court, together with parking spaces which are unallocated. Tenure Leasehold for an original term of 150 years from 1987.
There is a monthly management charge to the owners to cover the upkeep of the development including the insurance of the whole building, day to day repairs, window cleaning, internal decorations of the common parts together with the services of the resident house manager.
The current service charge for apartment 105 is approximately £209.60 per month.
In addition a sinking fund payment is levied annually based on the purchase price: this can be paid annually or at the point of any future sales.
Council Tax Band B Services Mains electric, water and drainage.
Broadband For information on broadband and mobile services at the property, we advise prospective purchasers to consult the Ofcom website: checker.ofcom.org.uk What3words/// sinkhole.combines.menswear
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 105 Millans Court, Ambleside LA22 9BW
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