1-bedroom flat · NR7 9LS
Sold STCListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This much improved 1st floor flat must be viewed to be appreciated with its excellent and well-arranged accommodation, part of this purpose-built development for the over 55’s, with secure entry system, communal facilities including residents lounge, on site development manager, guest accommodation and laundry room.
Located in this sought after position within Thorpe St Andrew and with access to a variety of amenities, shops and public transport.
The flat features a recently fitted kitchen and shower room, as well as of being offered in very good decorative condition throughout.
COMMUNUAL ENTRANCE HALL Approached via a main front door with security entry system and both stairs and lift access to the communal 1st floor. ENTRANCE HALL Electric heater, loft access.
Built-in cupboards. Panel doors to lounge, kitchen, bedroom and shower room.
LOUNGE Electric heater, double glazed window to rear, mock fireplace with surround, hearth and mantel over inset with electric fire.
KITCHEN Fitted comprising single drainer stainless steel sink unit with mixer tap, inset to fitted roll edged wood effect work surfaces with tiled splashbacks and a range of base and eye level units, built-in induction hob, electric oven, washing machine, integrated fridge/freezer, towel rail/radiator, double glazed window to rear.
BEDROOM 1 Electric heater, double glazed window to rear. Fitted double wardrobe.
SHOWER ROOM White suite comprising pedestal wash hand basin, WC and corner shower cubicle with a Mira shower, towel rail/radiator, tiled walls, small cupboard and extractor unit.
OUTSIDE The development enjoys communal gardens/grounds. As well as communal facilities such as a communal lounge, kitchen, guest accommodation and laundry room.
AGENTS NOTE The property is leasehold with a new 99-year lease issued on the purchase of the apartment. All residents must be over 55. No Pets allowed.
An independent living assessment is undertaken prior to purchase by the scheme management. Service charge is currently £2,745.70 pa. Council tax band A
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
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FAQ
About Laurel Court Armstrong Road Thorpe St Andrew NR7 9LS
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