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See how verdicts work2-bedroom flat · BH21 3JQ
Listing removedListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation: The apartment forms part of a small and well-maintained development of just four properties, accessed via a communal entrance hall.
Once inside, a welcoming inner hallway provides access to two useful storage cupboards, ideal for day-to-day practicality.
Bedroom One is positioned to the front aspect and benefits from built-in storage, whilst Bedroom Two enjoys a pleasant outlook over the communal grounds to the rear.
The shower room has been thoughtfully updated and comprises a walk-in shower with dual shower fittings, vanity wash hand basin with storage beneath, WC and heated towel rail, all complemented by contemporary tiling.
The sitting/dining room is a comfortable and inviting space, enjoying a lovely outlook across the communal gardens.
Being set back from surrounding properties, it offers a real sense of peace and privacy.
The adjoining kitchen is fitted with a range of modern white wall and base units with contrasting work surfaces and includes an integrated oven, induction hob with extractor over, dishwasher and sink unit with mixer tap.
There is also space for a freestanding fridge/freezer and plumbing for a washing machine.
Outside & grounds: The property enjoys the use of extensive communal gardens, predominantly laid to lawn and providing a pleasant green outlook from many of the rooms.
The current owners have enhanced the area immediately to the front of the apartment with attractive planting, creating a lovely spot to sit and enjoy the peaceful, tucked-away setting.
Further benefits include a garage located within a nearby block, together with ad-hoc residents' parking available within the development.
The overall setting is particularly appealing, offering a quiet and established environment whilst remaining conveniently positioned for local amenities.
Material information: Council Tax Band: B (£2,151) Dorset Council lease and maintenance: We are advised of the property is a Share of the Freehold with a 999 year lease from January 2002 (975 Years Remaing) Maintenance charges being £250 every 6 months which cover the costs of the communal garden maintenance and buildings insurance, along with the managing agent fee.
No Ground Rent current owners purchased: Jan 2023 - £235,000
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
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FAQ
About 56, South Road, Corfe Mullen
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