2-bedroom flat · CM23 2NE
Sold STCListed 257 days
Opportunity summary
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About
A very appealing 2 bedroom apartment, forming part of this popular residential development for the over 60's.
Lift access to the second floor, the accommodation consists of an entrance hallway, living/dining room and fitted kitchen, two double bedrooms and a shower room.
The development offers excellent communal facilities including TV lounge, laundry room, warden assistance, attractive communal gardens plus off street parking for residents and visitors.
Ideally located, a very short distance to the town centre, yet tucked away in a quiet spot.
Secure main front door into communal entrance way, with lifts and stairs up to the second floor and private front door into: ENTRANCE HALLWAY: Carpeted, two storage cupboards, telephone entry system, storage heater and ceiling light point.
Doors to all rooms. LIVING/DINING ROOM - 18'9 x 10'5 (5.72m x 3.18m) Carpeted, bay window to rear, window to side, feature fireplace, storage heater, wall lights and 2 ceiling light points.
Archway into: KITCHEN - 9'9 x 6' (2.97mx 1.83m) Vinyl flooring, a range of eye and base level units with complementary work surface and inset sink unit.
Built in oven, 4 ring electric hob with extractor over, integrated fridge and freezer. Window to side and ceiling light point.
BEDROOM 1 - 13'9 x 8'9 (4.19m x 2.67m) Carpeted, window to rear, two built in double wardrobes, storage heater and ceiling light point.
BEDROOM 2 - 12'2 x 6'7 (3.71m x 2.01m) Carpeted, window to rear, storage heater and ceiling light point.
SHOWER ROOM: Vinyl flooring, double shower cubicle, wash hand basin with cupboards, low level w.c., electric heated towel rail, extraction, and ceiling light point.
Communal Gardens - The superbly maintained gardens surround the building and there are two patio/seating areas.
The car park has numerous parking spaces for residents use plus plenty of parking for visitors.
Residents' Lounge - Located on the lower ground floor is a spacious lounge which is used by the residents for various social events and meetings.
There is a small kitchen attached to this room for resident's use. Laundry Room - Located on the lower ground floor next to the residents lounge.
Well equipped with two high quality commercial washing machines and tumble dryers. There is a well organised booking system for the residents to use this equipment.
Guest Suite - This is available for overnight guests at a cost of £20 per night and is bookable via the house manager. Lease Details - 125 year lease granted on 1991. 90 years remaining.
Annual ground rent is £387.32 (two half yearly payments of £193.66) Annual service charge is: approx.
£4,800 per annum Disclaimer - For clarification, we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide.
We have not carried out survey, not tested the services, appliances or specific fittings and any mention of such items does not imply that they are in working order.
Room sizes are approximate and should not be relied upon for carpets and furnishings.
Photographs are for illustration only and may depict items which are not for sale or included in the sale of the property.
Any stated plot size is intended merely as a guide and has not been officially measured or verified.
We have not checked the legal documents to verify the freehold/leasehold status of the property, or any charges associated with the property and purchaser is advised to obtain clarification from their solicitor or surveyor.
MONEY LAUNDERING REGULATIONS 2003. Intending purchaser will be asked to produce identification documents and we would ask for your co-operation in order that there be no delay in agreeing the sale.
Value & comps
No previous sales on record.
Returns
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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
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