1-bedroom flat
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor studio apartment located on a quiet development within walking distance of town centre.
This newly decorated and re-carpeted studio flat consists of: Private entrance with stairs up to first floor. Open plan lounge/kitchen/diner.
Kitchen includes built-in electric cooker and space for fridge. Hallway with storage cupboard & plumbing for washing machine.
Opaque glazed doors lead from the lounge to the bedroom area with built-in wardrobes. Bathroom with electric shower over bath.
There is an electric panel heater in the lounge and also allocated parking. Energy Rating C (73). Council Tax Band A. Holding Deposit £160. Total Deposit £801.
Affordability guide: Based on a monthly rent of £695, you will need a combined household gross income of £20,850 per annum (£1,738 per month) to pass our referencing checks.
If a guarantor is required, they will need a gross income of £25,020 per annum.
These figures are based on standard criteria set by our referencing provider and apply equally regardless of income source. Please contact us if you require any clarification.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
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FAQ
About Fernleigh Gardens, Wadebridge
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