2-bedroom flat · DY10 3DL
For saleReduced £15k (−9.1%) on 21 JunListed 238 days
Opportunity summary
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About
Sandalwood is an exclusive development of just twelve individual retirement apartments for the over 65's, comprising an attractive white rendered Grade II Listed property fronting Comberton Road, situated approximately 400 yards from Kidderminster Railway Station and on a bus route into the town centre.
Apartment 2 is a spacious two bedroom ground floor apartment situated at the front of the building, benefiting from a spacious south-facing living room with large full height bay window enjoying plenty of sunlight.
Better still, the flat has an independent access door opening onto a secluded corner of the communal gardens, where the owner can enjoy bringing a chair outside on a sunnny day.
Just off the living room is a well appointed kitchen with granite work surfaces including a height-adjustable sink, plus a full range of Bosch integral appliances to include electric oven, induction hob, steel hood, fridge, freezer, slimline dishwasher & washer/ dryer.
There are two double bedrooms, each with en-suite shower room facilites and each with custom-built pine fitted wardrobes.
Both bedrooms are situated to the rear of the apartment facing part of the communal gardens, with the principal bedroom also having a door opening onto a small balcony, positioned to enjoy the morning sun.
The apartment has considerable character, featuring Victorian style wooden-framed sash windows throughout, and is also equipped with underfloor central heating.
Indeed one of the key benefits of life at at Sandalwood is the fact that central heating is included within the service charge, and room temperature can therefore be set to whatever level the occupant may wish, without having to worry about the heating bill.
Near the building's main entrance foyer is a residents' lounge for those who wish to socialise.
There is also a small communal dining room with kitchen facilities to the first floor, which can be privately reserved if individual residents wish to organise gatherings with family or friends.
The building is set back behind a gated entrance with well tended gardens and grounds including a communal lawned garden to the rear.
There is also a shared residents car park having a limited number of spaces.
Residents of Sandalwood have access to some facilities shared with the neighbouring Holmwood Care Centre, including an on-site warden and various optional paid-for services such as laundry service, handyman and the provision of hot meals.
Tenure is leasehold for a period of 99 years from 1 January 2009, expiring 31 December 2107, subject to an annual ground rent of £250 per annum and service charge of currently £460 per calendar month (£5520 per annum).
The annual service charge include thermostatically regulated hot water and underfloor heating, as well as other utility charges (gas, a portion of the electricity and water), property/garden maintenance, boiler maintenance, fire safety charges, front gate maintenance, lift maintenance, window/gutter/bin cleaning, building insurance, communal lounge TV licence, communal cleaning and all other associated general management costs.
Please note occupants must be over the age of 65 and pets are not permitted at Sandalwood. Council Tax is payable to Wyre Forest District Council, the property being rated as Band D.
Mains gas, electricity, water & drainage are connected to the building. EPC rating C. Mobile Coverage: 4G coverage is available in the area - please check with your provider.
Broadband Availability: Ultrafast broadband (FTTP) is available in the area.
Disclaimer Disclaimer: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them.
These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property.
Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About 2, Sandalwood Apartments, Comberton Road, Kidderminster
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