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See how verdicts work1-bedroom flat · DL10 4XH
Listing removedListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away within walking distance to the town centre, we are delighted to be able to offer for sale this one bedroom first floor apartment.
Offering good sized living room, kitchen, bedroom and bathroom/w.c and with the added benefit of communal parking.
The property is offered for sale with no onward chain and an internal viewing is highly recommended.
Communal Entrance Lobby - Front door leading into communal entrance, this apartment is situated to the first floor.
There is a landing area with a small store cupboard, UPVC double glazed window and door leading into the apartment.
Lounge - 3.93 x 2.98 (12'10" x 9'9") - With central heating radiator and two UPVC double glazed windows and wall mounted entry intercom system.
Kitchen - 2.10 x 1.95 (6'10" x 6'4") - With a range of wall and base units with laminate topped work surfaces, stainless steel sink unit, tiled splash back, electric cooker point, space for free standing fridge freezer, cupboard housing the Baxi boiler and UPVC double glazed window.
Inner Hall - With doors leading into the bedroom and bathroom. Bedroom - 3.92 x 3.14 (12'10" x 10'3") - At the rear of the property with central heating radiator and UPVC double glazed window.
Bathroom - 3.18 x 1.8 (10'5" x 5'10") - Having a white suite comprising of panelled bath with shower mixer tap, wash hand basin, w.c, central heating radiator, UPVC double glazed window and large storage cupboard.
Externally - There is communal parking to the front of the apartments which is on a first come first serve basis.
Notes - The property is leasehold 999 year lease from 1/1/1989 The Freehold is owned by the Culloden owners which is made up of the five leaseholders.
The flat owners contribute £50 per month into a fund which pays for the building's insurance and general communal maintenance. Larger costly maintenance is agreed at AGM owners meeting every year.
Parking is communal, 3 shared spaces.
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
FAQ
About Waterloo Street, Richmond
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