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See how verdicts work2-bedroom flat · PR9 8NG
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An early viewing is recommended of this purpose built ground floor retirement apartment for the over 60's, forming part of a development which occupies a particularly convenient location for access to the many amenities of Churchtown Village and the Botanic Gardens.
The apartment offers well planned and pleasantly proportioned accommodation briefly comprising: Private Hall with entry-phone system, Living Room, Fitted Kitchen, two Bedrooms and Bathroom.
Upvc double glazing and electric heating are installed. The development stands in established and well maintained gardens incorporating residents' parking.
The development is situated on Mallee Crescent which adjoins Preston New Road where there are a number of local shops and transport facilities.
Churchtown Village, which is only a 3 minute drive away or alternatively a 13 minute walk, hosts a number of shops, restaurants and bars.
Additionally, within easy reach, there are many local schools, golf clubs and parks, including the Botanic Gardens and Hesketh Park.
Communal Hall Private Hall Living Room - 3.51m x 3.2m (11'6" x 10'6") Kitchen - 4.32m x 2.03m (14'2" x 6'8") Bedroom 1 - 3.51m x 2.74m (11'6" x 9'0") Bedroom 2 - 2.16m x 1.91m (7'1" x 6'3") Bathroom - 2.74m x 1.73m (9'0" x 5'8") Outside: The development stands in established and well maintained gardens incorporating residents' parking.
Council Tax: Enquiries made of the Council Tax Valuation List indicate the property has been placed in Band (C) Leasehold with a residue term of 125 years from 1990 with a ground rent of £234 per annum The current service charge amounts to £458.81 per quarter (£1,835.24 per annum), as a contribution towards communal cleaning and electricity, building insurance, general maintenance, lift maintenance, gardening, window cleaning and the sinking fund.
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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 Ridings, off Mallee Crescent, Churchtown, Southport
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