2-bedroom flat · GU52 8AN
Listing removedListed 323 days
Opportunity summary
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About
Selbon Estate Agents are delighted to market this a spacious ground floor apartment, conveniently located at the start of the popular Crookham Park development, close to local shops and schools.
The property is offered in excellent order throughout and is an ideal investment, first time or bolt hole purchase. A 125 year lease was granted on 1st January 2012 and has 111 years remaining.
The ground rent is currently £315.92 per annum and the service charge for the current year is £2095.50.
The building benefits from two entrances, one to the front of the building giving convenient access to the shops and one to the rear of the property with both having security entry systems.
The communal entrance hall houses the post boxes. The entrance hall has two built-in storage cupboards, security entry phone system and doors to the lounge/kitchen, bathroom and both bedrooms.
The open plan kitchen/living/dining room enjoys double aspect windows which allows an abundance of natural light.
The kitchen is fitted with a range of eye and base level units under a marble effect work surface, Inset sink with mixer tap.
Built-in appliances include; oven, hob with extractor over, washing machine, dishwasher, fridge and freezer. Bedroom one has a range of built-in wardrobes and door to the bathroom.
The second bedroom also has a built-in wardrobe. The Jack and Jill bathroom comprises; panel enclosed bath with mixer tap and shower over, pedestal hand wash basin and low level W.C.
Further benefits include gas radiator heating, allocated parking space at the rear, communal bin & bike stores as well as visitor parking around the development.
Crookham Park boasts a variety of open spaces, a Sainsburys local and infant school as well as access to a wealth of walking, running and cycling routes and there is a bus route to Fleet town centre, which has an array of shops, bars and restaurants as well as Fleet train station.
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 2 North Wing, Bramall Place, Jubilee Drive, Fleet
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