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See how verdicts work2-bedroom flat · KT15 2FB
For saleReduced £10k (−5.3%) on 24 SepListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 2-bedroomed flat on the 2nd floor of a retirement block (managed by Churchill Retirement) is unique because it benefits from a private and spacious roof terrace.
It is situated just 200m away from Addlestone Station, 1⁄2 a mile from Addlestone Town Centre and 1 mile from Weybridge.
A short detour on the beautiful walk to Weybridge along the river Wey takes you to Cox Lock, situated beside the historic Coxes Mill.
The entrance hallway leads into two large bedrooms, the lounge, shower room and provides access to the large roof terrace The flat’s spacious lounge has windows on two aspects (including a Juliette balcony) and leads onto the well-appointed and well-maintained kitchen including a fridge, freezer, electric oven and hob with extractor fan.
The very large principal double bedroom has a built-in mirrored wardrobe, and the second double bedroom (also very generous in size) has another Juliette balcony.
The shower room comes with shower, basin with vanity unit, a close-coupled toilet, and electric towel rail and extractor fan.
Off the hallway, there is a coat cupboard and a 2nd storage cupboard which contains the hot water cylinder and the electrical distribution board.
The flat has electric wall heating throughout and there is an electric immersion heater. All appliances have time-controls and there is a smart electricity meter.
The water is provided as part of the service charge. All windows and doors are double-glazed. The flat has a valid EPC until 2026 and has a new 5-year eicr electrical compliance certificate.
The apartment block has a Lodge Manager on-site between 9am and 5pm on weekdays, and has secure access, a communal lounge, organised social activities and a free launderette.
Each flat has a panic alarm point in the event of an emergency which is monitored 24 x 7. The building is 19 years old and has 106 years left on the lease.
There is a large car park, although parking is not allocated.
Property Ownership Information Tenure Leasehold Council Tax Band D Annual Ground Rent £877.64 Ground Rent Review Period No review period Annual Service Charge £4,264.00 Service Charge Review Period Every 1 year Lease End Date 29/06/2132 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 34 Matthews Lodge, Station Road, Addlestone
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