2-bedroom flat · CB1 3EL
For saleReduced £90k (−25.7%) on 21 JunListed 196 days
Opportunity summary
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About
Placed well, within a stones’ throw of local amenities and the popular Romsey Ward, this bright and spacious purpose built two-bedroom apartment is offered for sale with the benefit of no onward chain.
The apartment block is accessed via communal door with the apartment residing on the third floor and accessible via communal stairs and corridors, which are well maintained year round.
Upon entering the apartment, you are presented with a spacious hallway, providing access to all principle rooms with the useful addition of two large inset storage cupboards.
The open plan kitchen, dining and living area is of a good size, with the kitchen benefitting from sufficient storage units at both eye and waist level, integrated washer/dryer and cooker, with four ring hob above and extractor over.
The living/dining area is spacious and allows for a good amount of natural light via a large double glazed window to the side.
Bedroom number one is a good sized double, benefitting from a wealth of natural light via a set of large double doors to the side, which subsequently open onto a Juliette balcony.
Bedroom number one also has the added benefit of a built-in wardrobe and en-suite shower room, fitted with low-level w/c, mid-level wash basin and shower cubicle.
Bedroom number two is a single bedroom and again benefits from a good amount of natural light via a window to the side.
The partially tiled main bathroom is well presented with white fittings throughout, including a low-level w/c, mid-level wash basin with vanity mirror above and panelled bath with shower over.
Agents note: Lease length remaining – 109 Years Service Charge - £1680 per annum Ground rent - £300 per annum Added benefits – The apartment benefits from an underground parking space and is currently, under the terms of the lease, allocated bay number 45.
Value & comps
No previous sales on record.
Returns
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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 23, Hampden Gardens, Cambridgeshire
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