2-bedroom flat · WS13 6SY
For saleReduced £5k (−4.8%) on 14 AugListed 336 days
Opportunity summary
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About
Lovett&Co. Estate Agents are pleased to offer for sale this well presented two bedroom fifth floor apartment.
Attention investors - this apartment is being sold with sitting tenants, making it an ideal purchase for those looking to expand their property portfolio.
The property has a spacious living & sleeping accommodation which includes: Hallway, lounge-diner, modern kitchen, two double bedrooms and bathroom.
Other benefits include: Allocated parking space, modern fitted electric consumer unit, electric storage heaters, upgraded communal areas with lift and stairwells, stunning views across Lichfield City and the surrounding countryside.
Hobs Road provides ease of access into Lichfield city centre with its diverse range of amenities including restaurants, bars and shops as well as a number of supermarkets.
Excellent commuter links are available with the A38, M6 toll road, A5, A452 and there are both Cross and Inter City railway lines available at Trent Valley station which is just a few minutes walk away.
Reception hall: Fire door, intercom system, carpeted flooring, ceiling light point and doors to lounge, two double bedrooms and bathroom.
Lounge: 12'8" x 12'0" (3.86m x 3.66m ) Large window to front with door to the balcony and views of the surrounding countryside, carpeted flooring, TV aerial socket, ceiling light point, wall heater with and door to kitchen.
Modern fitted kitchen: 15'5" x 6'2" (4.70m x 1.88m ) Range of modern wall & base units comprising: Cabinets & drawers with work top surfaces, wall tiling, bowl sink with mixer tap and drainer, integrated oven, electric hob, space for fridge, freezer and washing machine, ceiling light point, two useful storage cupboards, one of which houses he hot water tank, and window to side with views over the surrounding countryside.
Modern bathroom: White suite comprising: Bath with shower, wash hand basin and WC, chrome towel rail, ceiling light point and window to side.
Bedroom one: 18'0" x 9'2/" max (5.49m x 2.79m max ) Window to front, wall heater, carpeted flooring and ceiling light point.
Bedroom two: 14'2" x 8'0" (4.32m x 2.44m ) Window to front, wall heater, carpeted flooring and ceiling light point. Externally: The property comes with allocated parking space.
Notes: The vendor has informed us that the lease has recently been extended to 999 years.
Viewing: Please contact us on if you wish to arrange a viewing appointment for this property or require further information.
Disclaimer: These particulars are set up as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract.
The sellers has given permission for all descriptions, dimensions, references to conditions, tenure, service charges and necessary permissions for use, occupation and other details to be used and we have taken them in good faith whether included or not & whilst we believe them to be correct, any intending purchasers or tenants should not rely on them as representations or fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them and have this certified during the conveyancing by their solicitor.
No person in the employment of Lovett&Co has any authority to make or give any representation or warranty whatsoever in relation to this property.
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
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FAQ
About 25, Ridware House, Hobs Road, Lichfield
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