2-bedroom bungalow · WS11 0EG
Sold STCListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented TWO BEDROOM mid terrace bungalow located in PURPOSE BUILT RETIREMENT COMPLEX on the fringes of Cannock Town Centre.
Ideally placed for local shops, local amenities and Cannock train station A well presented two bedroom mid terrace bungalow located in purpose built retirement complex on the fringes of Cannock Town Centre.
Ideally placed for local shops, local amenities and Cannock train station. This bungalow is ideal for anyone wishing to downsize but with the convenience of the town centre within a short walk.
Over 60s only. Porch Which is entered through a double glazed UPVC door and a wooden door which leads into the lounge.
Lounge 4.31m x 3.68m (14' 2" x 12' 1") Having double glazed UPVC window to the front elevation, radiator, two light points and electric fire with decorative surround.
Kitchen 2.73m x 1.7m (8' 11" x 5' 7") Fitted with a range of base, wall and drawers units with space for appliances, stainless steel sink with drainer, radiator, electric oven with gas hob, part tiled walls and double glazed UPVC window to the front elevation.
Bedroom One 3.36m x 2.88m (11' 0" x 9' 5") Having double glazed UPVC window to the rear elevation, radiator and light point.
Bedroom Two 2.13m x 3.96m (7' 0" x 13' 0") Having double glazed UPVC door which leads onto the patio of the rear communal garden area, double glazed window to the side elevation, radiator and light point.
Shower Room 1.93m x 1.65m (6' 4" x 5' 5") Fitted with walk-in shower with mains fitted shower head, glazed shower screen, WC, pedestal wash hand basin, radiator, light point and a art tiled wall.
Outside Front of the property To the front of the property there is unallocated residents parking Rear of the property The bungalow has access to the communal rear garden.
Tenure The property is Leasehold with a 125 year lease starting from 15th June 2016. Service charge is £293.91 per month paid to Amplius.
Further details in this respect will be verified by the Vendors legal advisers during pre-contract enquiries.
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 Remington Drive, Cannock, Staffordshire, WS11
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