2-bedroom flat · PE10 0GR
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to step onto the property ladder with this well-presented two-bedroom apartment, available to purchase on a 25% shared ownership basis.
This spacious apartment benefits from a refurbished kitchen and family bathroom, two generous double bedrooms and a bright, south-facing lounge/diner with Juliet balcony doors.
The versatile living space also offers excellent potential for a home office or children’s play area, making it an ideal choice for first-time buyers, couples or small families.
The spacious lounge/diner is a real highlight of the home, with south-facing Juliet balcony doors allowing plenty of natural light to flood the room and create a bright, welcoming atmosphere.
There is ample space for both relaxing and entertaining, with additional flexibility to accommodate a dedicated workspace for those working from home or a play area for younger family members.
The refurbished kitchen has been thoughtfully fitted to provide ample workspace and room for a dishwasher, washing machine and fridge/freezer, alongside a sink and a half with drainer.
The combination boiler was replaced approximately five years ago, providing further peace of mind. Both bedrooms are well-proportioned doubles.
The principal bedroom benefits from a fitted double wardrobe, offering convenient built-in storage, while the second bedroom provides excellent flexibility for guests or children.
Completing the accommodation is the refurbished family bathroom, featuring a panelled bath with a double shower, pedestal wash hand basin and close-coupled WC.
Outside does offer parking space for two vehicles.
Shared Ownership & Property Information The property is available to purchase with a 25% share, offering an opportunity for buyers to take their first step onto the property ladder.
The apartment has approximately 82 years remaining on the lease, with ground rent and service charges totalling £341 per calendar month.
Combining generous room sizes, modernised interiors and a light-filled living space, this apartment presents an appealing opportunity for buyers seeking a well-maintained home with versatile accommodation and the benefits of shared ownership.
Early viewing is highly recommended to appreciate the space and potential this apartment has to offer.
EPC Rating: B Entrance Hall 3.55m x 1.05m Lounge Diner 5.69m x 3.63m Office 3.07m x 2.37m Kitchen 3.3m x 2.48m Bedroom One 5.39m x 2.83m Bedroom Two 3.3m x 2.83m Bathroom 2.41m x 1.69m Leasehold 82 Years left on the lease with ground rent and service charge at £341PCM Parking - Driveway
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.
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About Falcon Way, Falcon Court Falcon Way, PE10
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