1-bedroom flat · HR6 8LZ
For saleReduced £15k (−20%) on 20 JunListed 201 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free first floor flat in central Leominster and offered for sale in ready to move into condition. Ideally located for access to local amenities and a short walk from Leominster train station.
Situated on the first floor the flat comprises Entrance Lobby, Lounge, Kitchen, Bedroom with Shower Room off. Electric heating. Ideal for first time buyers or investor clients.
Internal Features The kitchen is a spacious room with space to dine and is fitted with matching wall and base units with all appliances integrated.
The bedroom is a is a double room with a window to the front and has easy access to the shower room which is fitted with a three piece white suite.
Services Mains electricity, drainage and water are connected to the property. Council Tax Band A.
Location The apartment is situated just off the town centre of Leominster which is a market town of considerable note with good shopping, educational and recreational facilities attracting a wide catchment area and with a good number of visitors interested in its antique shops and weekly markets.
The popular market town of Leominster boasts a wealth of local shops, primary and secondary schools, a weekly open air market, national supermarkets and a host of recreational facilities including the sports centre and swimming pool.
Transport facilities are ample with good road links to larger towns and regular bus and train routes.
Broadband Broadband typeHighest available download speed Highest available upload speed Availability Standard 17 Mbps 1 Mbps Good Superfast --Not available --Not available Unlikely Ultrafast 2300 Mbps 2300 Mbps Good Networks in your area - Openreach, Full Fibre Source: Ofcom Mobile Checker Outdoor & Indoor Mobile Coverage Please follow the link below taken from Ofcom Mobile Checker: Agents Note 117 year remaining on the lease.
£250 ground rent per annum. £500 Service charge per annum.
Agent's Note In accordance with The Money Laundering Regulations 2007, Cobb Amos are required to carry out customer due diligence checks by identifying the customer and verifying the customer’s identity on the basis of documents, data or information obtained from a reliable and independent source.
At the point of your offer being verbally accepted, you agree to paying a non-refundable fee of £24 inclusive of VAT per purchaser in order for us to carry out our due diligence.
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
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FAQ
About Flat 1, 24, High Street, Leominster
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