2-bedroom flat · DY9 0JN
Listing removedListed 230 days
Opportunity summary
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About
A spacious ground floor apartment with rural views to the rear and an attractive setting close to Hagley Village.
With two double bedrooms, good sized through lounge/ diner, kitchen and bathroom plus garage located in a separate block.
This lovely apartment has large windows which makes is particularly light and airy and maximises the views.
The well maintained grounds features a small stream and bridge and are a particular feature of the development.
Hagley is a popular North Worcestershire Village on the fringe of green belt countryside with an excellent range of shops, bars and restaurants.
Highly regarded schools for families and its own railway station. Road links are particularly good to Birmingham, Worcester and beyond with motorway access at Junctions 3 and 4 of the M5 motorway.
There are some good local walks and in close proximity the national trust owned Clent Hills are a popular beauty spot.
The property is approached by a way of a communal entrance hallway at ground floor level with front door leading to the apartment.
Ground floor apartments are particularly sought after within this development as they are an alternative option to purchasing a bungalow but have the added advantage of easy living as the grounds are maintained via the service charge.
The front door leads into a central reception hall, straight ahead is the through lounge diner which is particularly spacious with dual aspect to both front and rear elevations and direct access to communal gardens at the rear.
The focal point is a feature fireplace with electric fire.
The kitchen been refitted in recent years, it has a range of fitted units with woodblock work surfaces, integrated appliances include double oven, gas hob with hood above, integrated fridge freezer and slim line dishwasher.
Bedroom 1 and 2 are both double rooms, bedroom 1 with fitted wardrobes and dressing table and bedroom 2 with mirror full height wardrobes.
The bathroom has been refitted as a shower room with shower, vanity wash basin and low level WC. Within the development is on site carparking and the property has its own garage in a separate block.
The property is long leasehold.
It is understood that the freehold is owned jointly by the individual flat owners through the Millpool Close residents Company Limited and that the service charge currently equates to approximately £2162.40 per annum including building insurance or £180.20 per month.
We understand that the lease is for 999 years from 25th March 1964.
Council tax: C EPC: D In accordance with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are legally required to carry out anti-money laundering (AML) checks on all individuals purchasing a property.
In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks to include PEP and Sanctions checks, biometric ID verification and verification of the source of purchase funds, on our behalf.
Once an offer is agreed, Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee of £45 plus VAT will be charged (per individually named purchaser, including parties gifting deposits) for each AML check conducted, and Coadjute will handle the payment for this service.
These (AML) checks must be completed before the property is marked as subject to contract and prior to issuing the memorandum of sale to the solicitors, to confirm the sale.
Please contact the office if you have any questions in relation to this.
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
About Millpool Close, Hagley
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