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See how verdicts work2-bedroom flat · MK46 5FD
For saleReduced £10k (−5%) on 22 OctListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A top floor penthouse apartment with a delightful vista towards the many and varied specimen trees which adorn the riverbank of the River Ouze as it wends its way around the delightful market town of Olney.
The property is well appointed and offers vacant possession.
The accommodation comprises: Secure entrance, carpeted staircase rising to our apartment on the second floor, Entrance hall, Sitting room, Well fitted kitchen, Two bedrooms, Bathroom, Gas radiator central heating, Off road parking, Long lease.
Property Walk Through Through the key controlled entrance which provides a safe and secure environment the carpeted staircase rises two floors to our apartment.
Open the door to a long hallway with a useful shelved storage cupboard, wander along to the sitting room which is a very light room with dramatic views through the glazed double doors which are protected by a "Juliet" balcony.
An archway opens to a well equipped kitchen having an integrated fridge/freezer, washing machine, built in oven with four ring gas hob and extractor over.
The gas fired boiler is concealed within a matching wall mounted cabinet.
There are a good range of work surfaces and tiling to the splash areas, The main bedroom enjoys the same delightful aspects as the living room and again has a protective "Juliet" balcony.
A double wardrobe is built in to one wall. The second bedroom has a window on the side elevation. The bathroom comprises of a panelled bath with shower attachments, wash basin and low flush WC.
The walls are extensively tiled. There is a communal area of garden.
Agents Notes Length of lease is 980 years Council tax band is "B" Ground rent is zero Service charges are £154 per annum Mains Gas Mains water Mains electricity Full fibre broadband FTTP EPC rating "C"
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
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FAQ
About 21, Wagstaff Way, Olney
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