2-bedroom flat · EN6 5DR
Listing removedListed 71 days
Opportunity summary
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About
A two bedroom top floor flat centrally located for the local shops, restaurants, bus services also access to the M25, A1M and other road links in and out of Potters Bar.
Potters Bar's mainline railway station is located in Darkes Lane with a number of other local shops, restaurants and a post office.
Entrance Area Access via communal stairs at the rear of the property to the second floor to an outside terrace area.
Entrance Hall Via entrance door, radiator, access to a loft area, doors to; Lounge/Diner Double glazed window to front and a radiator.
Kitchen Range of wall and base units with work top surfaces over, single bowl single drainer sink with mixer tap, space for washing machine, tumble drier, fridge freezer and a free standing gas cooker.
Double glazed window to rear, part tiled walls and a wall mounted boiler. Bedroom One Double glazed window to front and a radiator. Bedroom Two Double glazed window to rear and a radiator.
Bathroom Suite comprising of a panel enclosed bath with mixer tap and a hand shower attachment, concertina shower screen, pedestal wash hand basin, close couple low flush WC, double glazed window to rear, part tilled walls and a radiator.
Exterior Communal parking at the rear of the property. Leaehold Lease Start Date: 09/01/2020 to 31/12/2167 Lease Term Remaining: 141 years.
Ground Rent £25 per annum Service Charges The owner has informed us that they only pay as share of the costs when there has been any works or repairs carried out to the block or communal areas.
Council Tax Band C Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About 23, Southgate Road, Potters Bar
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