We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CV32 5JL
No longer listedReduced £5k (−3.6%) on 3 SepListed 153 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
James Whalley is proud to present this well-presented one bedroom first floor apartment to the market, offered with no onward chain.
Upon entering, you are welcomed by an entrance hall with a useful storage cupboard, leading through to a spacious main bedroom benefiting from built-in storage, a modern bathroom, and a bright living area with an open plan kitchen space, ideal for modern living.
Externally, the property benefits from its own allocated parking space and is situated within a highly desirable residential location. Please refer to the full advert for detailed lease information.
This property is advertised on a 75% shared ownership basis through the shared ownership scheme.
Shared Ownership Eligibility Criteria: * Buyers must be at least 18 years old * Total household income must be under £80,000 per year (£90,000 in London) * Buyers must complete an assessment with one of Heylo Housing’s panel mortgage advisors * Applicants are expected to use available savings and assets towards the purchase * Buyers receiving benefits may still be eligible, subject to affordability assessment * Self- must provide a minimum of two years’ proof of income * Buyers must purchase the maximum share they can reasonably afford * Household income must exceed £12,000 per year * A minimum 5% deposit is required towards the share being purchased Shared Ownership buyers must also: * Be first-time buyers, or * Be in the process of selling a property that is no longer suitable for their housing needs, or * Own a non-residential property that provides their main source of income Applicants must have a good credit history and must not have: * Mortgage or rent arrears * Significant bad debts * County Court Judgements (CCJs) Buyers should also ensure they can cover associated purchasing and moving costs, including: * Legal fees * Stamp Duty Land Tax (where applicable) * Mortgage application fees * Valuation fees * General moving costs
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
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FAQ
About 53 Alder House, Lucas Court, Leamington Spa
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