1-bedroom flat · RG24 8TL
Sold STCListed 88 days
Opportunity summary
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About
COLLINS RESIDENTIAL ARE DELIGHTED TO PRESENT THIS WELL-PRESENTED ONE BEDROOM GROUND FLOOR APARTMENT, SITUATED WITHIN THE POPULAR AND WELL-MAINTAINED OAKFIELDS DEVELOPMENT.
SPECIFICALLY DESIGNED FOR THOSE OVER 55, THIS PROPERTY OFFERS A WONDERFUL OPPORTUNITY FOR INDEPENDENT LIVING WITH THE ADDED BENEFIT OF A FRIENDLY AND SUPPORTIVE COMMUNITY ENVIRONMENT.
THE APARTMENT ITSELF COMPRISES AN ENTRANCE HALLWAY WITH A LARGE STORAGE CUPBOARD, A SPACIOUS DOUBLE BEDROOM FEATURING A RANGE OF BUILT-IN WARDROBES AND A DRESSING TABLE, ALONG WITH A MODERN THREE-PIECE SHOWER ROOM.
THE PROPERTY ALSO BENEFITS FROM A GENEROUSLY SIZED LIVING ROOM AND A MODERN, WELL-EQUIPPED KITCHEN, PROVIDING A COMFORTABLE AND PRACTICAL HOME.
OAKFIELDS OFFERS A RANGE OF EXCELLENT COMMUNAL FACILITIES, INCLUDING A SECURE ENTRY SYSTEM, AMPLE RESIDENTS' PARKING, A COMMUNAL LOUNGE, LAUNDRY ROOM, LIFT ACCESS AND SPACIOUS, BEAUTIFULLY MAINTAINED COMMUNAL GARDENS.
THE DEVELOPMENT PROVIDES A PEACEFUL AND CONVENIENT LIFESTYLE, WHILST STILL ALLOWING RESIDENTS TO ENJOY THEIR INDEPENDENCE.
AN EARLY VIEWING IS STRONGLY RECOMMENDED TO FULLY APPRECIATE THE ACCOMMODATION AND FACILITIES ON OFFER. THIS PROPERTY IS BEING MARKETED BY COLLINS RESIDENTIAL AS THE VENDOR'S SOLE AGENT.
LEASEHOLD YEARS REMAINING: 58 SERVICE/GROUND RENT: £4,848.24 COUNCIL TAXBAND: A ENTRANCE COMMUNAL ENTRANCE, F.A DOORS, DOORS TO ALL ROOMS LOUNGE/DINING ROOM 4.42m x 5.03m WALL MOUNTED ELECTRIC HEATER, REAR ASPECT WINDOW, ARCHWAY TO KITCHEN KITCHEN 1.65m x 2.18m MODERN KITCHEN, EYE AND BASE, BUILT IN COOKER AND HOB, SPACE FOR FRIDGE/ FREEZER, PART TILED WALLS BEDROOM 2.85m x 3.4m RANGE OF BUILT IN WARDROBES, DRAWERS, BUILT IN DRESSING TABLE, WALL MOUNTED ELECTRIC HEATER SHOWER ROOM MODERN WHITE THREE PIECE SUITE, DOUBLE SHOWER CUBICLE, W/C, VANITY WASH HAND BASIN, WALL MOUNTED HEATED TOWEL RAIL, PART TILED WALLS Communal Garden OF GENEROUS SIZE, WITH WELL KEPT LAWNS, VARIOUS SHRUBS AND PATIO AREA Parking - Off street COMMUNAL PARKING
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.
Area
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FAQ
About Oakfields, Lychpit, RG24
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