2-bedroom flat · DN22 7QJ
For saleReduced £5k (−6.3%) on 21 AugListed 102 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom first floor flat being sold with a long term tenant in situ currently achieving £510.00 pcm located in a popular residential area within the market town of Retford which is well served with amenities including leisure facilities, pubs and eateries and road and rail links.
Accommodation Wooden glazed entrance door leading into: Entrance Porch With storage area, part glazed wooden entrance door leading into: Entrance Hallway Stairs rising to the first floor accommodation, loft access, radiator and doors in turn giving access to: Lounge (4.50m x 3.99m to its maximum dimensions (14'9" x) UPVC single glazed window to the front elevation and radiator.
Bathroom (2.14m x 1.70m (7'0" x 5'6" )) UPVC single glazed window to the rear elevation, suite comprising w.c, pedestal wash hand basin, panel sided bath with part tiled walls, radiator.
Kitchen (3.06m x 2.92m (10'0" x 9'6" )) UPVC single glazed window to the rear elevation, fitted kitchen comprising base, drawer, wall and larder units with complementary work surface, tiled splashback, inset stainless steel sink and drainer with mxier tap, integerated electric oven, four ring electric hob with extractor over, space for fridge freezer and provision for automatic washing machine, radiator.
Bedroom One (3.46m x 3.36m (11'4" x 11'0" )) UPVC single glazed window to the front elevation and radiator.
Bedroom Two (3.14m x 2.75m to its maximum dimensions (10'3" x 9) UPVC single glazed window to the rear elevation and radiator, built in useful storage cupboard.
Externally A path leads to the entrance door with a further pathway leading to the rear garden which is mainly set to lawn with a variety of trees and external brick built storage area.
Tenure - Leasehold 125 year lease from 21 February 1983 Council Tax Through enquiry of the Bassetlaw Council we have been advised that the property is in Rating Band 'A' Estate agents operating in the UK are required to conduct Anti-Money Laundering (aml) checks in compliance with the regulations set forth by hm Revenue and Customs (hmrc) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the aml checks. A fee will be charged for each individual aml check conducted
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 16, Highfield, Hallcroft
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