2-bedroom flat · BB3 1LU
Listing removedListed 321 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground floor apartment is situated on a courtyard development in a purpose built three story block. It offers bright and spacious accommodation and has been recently renovated.
Briefly comprises; two bedrooms, a three-piece bathroom and open plan lounge and new fully fitted kitchen with new integrated appliances.
Benefits from gas central heating, PVC double-glazed windows, intercom access, new neutral décor with new complementing flooring throughout.
Externally there are communal gardens, parking and bike store. It is convenient for all town centre amenities, leisure centre, market, bus and railway station. Viewing is strongly recommend.
LOCATION From Darwen town centre leave on Blackburn Road, continue and turn left just after Lidl on to Vale Street and continue to the top.
Turn left onto Tockholes Road, turn right into Weavers Mews (at the rear of the health centre), right again and the apartment blocks are facing on the right hand side. Number 14 is in the last block.
TENURE AND SERVICE CHARGES We are advised by the vendor the property is Leasehold; - £391.20 per quarter (£1,564.08 per annum), lease length is 999 years and it started in 2003.
Any prospective purchaser should seek clarification form their solicitor. ACCOMMODATION MAIN COMMUNAL ENTRANCE HALL Central hallway, fire door gives access to 4 ground floor apartments.
Private entrance to number 14 HALLWAY Built in storage with electrical consumer unit BEDROOM 1 12' 8" x 9' 4" (3.86m x 2.84m) 9'4 and 10'8 into recess.
PVC double-glazed window, radiator BEDROOM 2 10' 8" x 6' 5" (3.25m x 1.96m) PVC double-glazed window, radiator, built in cupboard (houses gas fired central heating boiler unit) BATHROOM Panelled bath with shower attachment and screen over, pedestal wash hand basin, wall mounted mirrored cabinet, low level WC, radiator, extractor fan, part tiled walls OPEN PLAN LIVING ROOM AND NEW FITTED KITCHEN 22' 3" x 10' (6.78m x 3.05m) New fitted wall and floor units including drawers, stainless steel single drainer one and a half bowl sink unit, electric hob, built in under oven, extractor hood, integrated automatic washing/dryer machine, tiled splash-backs, two radiators, PVC double-glazed window OUTSIDE Parking bays, bike store, bin store, seating/garden areas PLEASE NOTE VIEWINGS ARE TO BE ARRANGED THROUGH PROCTORS AND ARE BY APPOINTMENT ONLY.
WE HAVE NOT TESTED ANY APPARATUS, EQUIPMENT, FIXTURES, FITTINGS OR SERVICES AND SO CANNOT VERIFY IF THEY ARE IN WORKING ORDER OR FIT FOR THEIR PURPOSE.
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.
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About Weavers Mews, Darwen
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