2-bedroom flat · TW10 5LU
Opportunity summary
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About
Parkleys is Grade II listed by English Heritage as the first major ‘Span’ development by ground-breaking architect Eric Lyons, President of riba (Royal Institute of British Architects) 1975-1977.
He worked under Walter Gropius (founder of the Bauhaus) and became noted for progressive developments with signature attention to landscape and community, blending modernism with traditional elements like tile hanging and stock brick.
Beginning with Parkleys in 1955-6, his practice gained many awards and as recently as 2005, Span received a special Housing Design Award for schemes meeting the Sustainable Communities Plan.
For further reading see ‘Eric Lyons and Span’ by Barbara Simms, riba Books 2006.
patio: The French doors off the lounge/diner step out onto a paved patio with borders and the extensive communal garden.
We would like viewers to note the patio is not technically part of the demise of the flat, but effectively it has been used by the occupants of this flat.
Private clothes drying room: (off the communal hall) Abt. 8 ft 5 x 2 ft 5 (2.60m x 0.77m) shared store/recycling room: Door off the communal hallway area to a shared bin store with door to further..
Own brick built store locker: Abt.
2 ft 6 x 2 ft 4 x 7 ft 8 (0.8m x 0.7m x 2.4m) service charge: £720 per quarter inc of building insurance, communal lighting and cleaning, general exterior maintenance and repairs, gardening and external window cleaning.
Tenure: Freehold held in common by the residents with a Lease of 999 years from 1982. Hall Entrance door, radiator, wood laminate floor, glazed door through to...
Lounge/Diner Radiator, wood laminate floor, wood burner inset in chimney breast with slate hearth, coving, front aspect windows and French Doors to patio and gardens.
Kitchen Units fitted at eye and base level, quartz worktops, tile splashback, inset twin bowls with drainer grooves in the worktop, pull out corner pantry cupboard, integral fridge and freezer, spaces for cooker and washing machine, space for breakfast table and chairs, wood laminate floor, window to rear Inner Lobby Laminate floor, recessed shelving with deep store cupboard over, doors to bathroom & bedrooms.
Bedroom 1 Room width windows to garden aspect with fitted window boxes, radiator, double doors to inbuilt wardrobe cupboard, double louvre doors to further inbuilt cupboard.
Bedroom 2 Double aspect room with windows to front and side aspects, radiator, recess with inbuilt shelving.
Bathroom Tiled floor, bath with shower screen and both shower head over and separate rinser, sink with cabinet under, WC, frosted window, heated towel rail.
Communal Garden Patio and borders, main grassed area. Disclaimer These particulars are a general guide and do not form part of any offer or contract.
Descriptions, dimensions and details are believed accurate but not guaranteed. Buyers must verify all information by inspection or enquiry.
Services, systems and appliances have not been tested and no warranty is given. Lease terms, service charges, and ground rents should be confirmed by solicitors before exchange.
We aim to comply with the Consumer Protection from Unfair Trading Regulations 2008 and ntselat guidance on Material Information. Please ask us if you have any questions about information provided.
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 4 Gray Court Parkleys, Richmond
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