2-bedroom flat · PE8 6RW
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious two bedroom ground floor apartment with a patio garden and carport. The property is located on a purpose-built retirement development for the over 60s.
Management services are provided by Cognatum Estates, a not-for-profit organisation and one of the UK's leading companies in retirement housing.
Opposite the 13th-Century church of All Saints, Carysfort Close has wonderful views over parkland belonging to the Elton Estate.
The setting is wholly rural, with all 17 properties built in local limestone around two courtyards next to a former ironworks, now housing some of the earliest agricultural machinery.
There are also allotments available on the estate for keen gardeners. It is an easy walk to Elton village centre, with a post office, general store and an excellent fish restaurant.
There are also two public houses and a garden centre.
A large part of the village is owned by the Elton Estate which has 3,800 acres of unspoiled parkland, of which the Jacobean-era Elton Hall and its magnificent gardens are the centrepiece.
For a greater choice of shops, Oundle is only a 10-minute drive, and of course the busy medieval town of Peterborough offers a number of shops, museums and historic buildings in addition to its beautiful Norman cathedral.
The surrounding countryside can be easily enjoyed either on foot or by car, or from the vantage point of a steam train along the heritage line that runs from Nene Valley Station along to the Northamptonshire border.
Cognatum Estates maintains, repairs and insures all the buildings, arranges the window cleaning and refuse collection and tends to the gardens and grounds thereby freeing owners and residents from these responsibilities.
There is a personal alarm system in each property and resident estate managers are on hand to provide support and help when needed, making this an ideal 'Lock Up & Leave' property.
A guest suite provides comfortable accommodation for family and friends and allotments are available for residents' use. A minibus is available for shopping and other trips.
The cost of providing these services is shared equally between all properties. There are no restrictions on owning a property except that one resident must be over 60 years of age.
150 year lease (from 2003/2007). No ground rent. For viewings please contact the Estate Manager
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 Carysfort Close, Elton, Peterborough
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