1-bedroom flat · SM3 8HH
For saleReduced £10k (−10%) on 24 SepListed 190 days
Opportunity summary
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About
Exclusive to Andrews is this second floor one-bedroom retirement apartment which is a specialist Retirement/sheltered housing development of 39 flats, built in 1989 for the over 55's only.
Andrews are proud to present this second floor apartment which is a specialist Retirement/sheltered housing development of 39 flats, built in 1989 for the over 60s.
Comprising; living room with views overlooking the communal gardens, kitchen, shower room with electric shower and a double bedroom with built in wardrobes.
This property also features a hallway and a storage cupboard for convenience.
These properties also benefit from a resident’s lounge, visitors’ room, communal kitchen for visitors, lifts to all floors, security entry phone as well as an emergency alert pull cord system so attention can be sought should a resident need assistance.
In addition to this an on-site scheme manager is also on call should assistance be needed.
As a resident you will also be able to enjoy socialising with the other residents in the communal lounge and venture into the well-stocked communal grounds.
The property also has the added benefit of communal parking, guest suite and security phone system.
Location Located just off the London Road, North Cheam High Street offers many different shops and restaurants with most tastes in food being catered for plus the Sainsbury Super store is located with 0.5 miles and you’re only 0.02 miles from the famous Nonsuch Park if you fancy a stroll.
From North Cheam you can catch the 93 bus which will take you directly to Morden Underground station which is on the Northern Line and then onto Wimbledon and Putney High Streets and the bus stops directly outside East Putney Station.
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 Flat 34, Brook Court, 78, Wordsworth Drive, Sutton
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