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See how verdicts work2-bedroom flat · S61 4LJ
Sold STCReduced £3k (−4.3%) on 27 OctListed 64 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £70,000 to £75,000 - This well-proportioned two double bedroom second floor apartment presents an excellent opportunity for first-time buyers or investors, offering generous accommodation that is ready for a new owner to add their own personal touch.
The property is accessed via a secure communal entrance with an intercom entry system, providing peace of mind and additional useful storage for residents.
Stepping inside, you enter the second floor Inner Hallway which has built-in storage, and leads to a spacious lounge reception, ideal for relaxing or entertaining, with ample room for a variety of furniture arrangements.
The breakfasting kitchen, which would benefit from some updating, offers a practical layout and leads out to a rear balcony seating space, perfect for enjoying your morning coffee or simply taking in the outlook.
Both bedrooms are comfortable doubles, providing flexibility for families, sharers, or those seeking a dedicated home office or guest room.
The bathroom is complemented by a separate WC, adding convenience for busy households.
The flat benefits from an indoor storage room to the ground floor, ideal for outdoor furniture and bicycles, and in additional to this is small outdoor storage shed.
The apartment is offered with no upward chain, allowing for a straightforward purchase process.
Situated in a popular location, the property benefits from close proximity to schools and excellent commuter and public transport links, making it an attractive choice for professionals, families, or those seeking an investment with strong rental potential.
The leasehold tenure, council tax band A, and EPC rating C further enhance the appeal of this property.
Early viewing is highly recommended and available by appointment to fully appreciate the scope and potential on offer. AWATING LEASEHOLD AND SERVICE CHARGE TERMS
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Town Lane, Wingfield, S61
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