1-bedroom flat · BA14 8HJ
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the first floor, this one-bedroom retirement apartment offers well-proportioned accommodation with a comfortable, homely feel.
Regal Court benefits from a welcoming community atmosphere, centred around the residents’ lounge, alongside well-maintained communal grounds and residents’ parking. No onward chain.
McCarthy Stone have long been market leaders in the retirement sector and Regal Court is a fine example of why.
As well as your own private accommodation, there is a residents lounge to encourage the social atmosphere, attractive communal grounds, laundry room and guest suite available to visitors at a reasonable rate.
A lift serves the building with access to all floors whilst an emergency pull cord system allows residents to call for help when necessary. To the side of the building you have a residents car park.
The property has an entrance hall with doors to the living room, bedroom and shower room along with a large cupboard housing the hot water tank.
The living room is a fantastic size and features an electric fireplace and space for a small dining table. Double doors lead to the kitchen.
Fitted with a selection of units and work surface space, the kitchen has an eye level oven and electric hob.
The bedroom is a good size double room complete with built in wardrobes whilst the shower room has a large shower cubicle, WC and wash basin.
Residents for sole occupancy must be aged 60 or over whilst for joint occupancy, one of the occupants must be aged 60 or over with the other being over 55 (subject to freeholders approval and discretion).
We have been advised that the property is leasehold with the lease running to the year 2128.
The annual ground rent is £828.20 whilst the service charge is currently £3106.64 a year to cover maintenance of all communal areas, buildings insurance, house manager and use of the laundry room.
There is also a contingency fee of 1% of the sale price and a 1% transfer fee payable to the freeholder, both payable on resale.
Trowbridge is the county town of Wiltshire found close to the western border with Somerset.
On the fringe of the town centre, you find Trowbridge Town Park, a large open space with a host of activities, tree lined paths and a riverside walk to Biss Meadows Country Park.
St Stephens Place provides several dining options along with a multi-screen cinema complex.
There are a wide variety of historic buildings around the town along with a selection of beautiful walks nearby, including the Kennet and Avon Canal and Southwick Country Park.
The town has superb transport links with Trowbridge station providing access to London as well as a short ride to the world heritage city of Bath.
The A350 passes the fringe of the town, leading to the M4 via Chippenham and the A303 and A36 to the south.
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 Regal Court, Wiltshire
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