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See how verdicts work1-bedroom flat · M41 5SR
Sold STCListed 378 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**NO ONWARD CHAIN** - **70% SHARED OWNERSHIP APARTMENT** - VITALSPACE ESTATE AGENTS are pleased to offer for sale this well presented, deceptively spacious ONE DOUBLE BEDROOM ground floor apartment located within this highly desirable over 60’s development.
The Spinney is a quiet development, located close to amenities, transport links and Urmston town centre.
In brief, the attractive apartment briefly comprises; a welcoming entrance hallway, a generously sized living room with sliding doors overlooking the communal gardens, a fitted kitchen complete with a range of wall and base units, a double bedroom with a host of fitted wardrobes and a three piece bathroom with a shower over bath combination.
A rare feature of this apartment is the benefit of two large storage cupboards found off the hallway.
Being positioned on the ground floor, this apartment also benefits from a paved patio area, accessed via the living room, ideal for a table and chairs during those summer months.
This apartment is set within landscaped communal grounds with parking and a residents seating area. Contact VitalSpace Estate Agents for further information or to arrange an internal viewing.
LEASE TERMS Shared ownership arrangement (70%) with low monthly service charge of £89.42 per month which covers the buildings insurance, gardens maintenance and parking spaces.
Leasehold for the residue of 100 years from 01/01/1990.
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 The Spinney, Urmston, Manchester, M41
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