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See how verdicts work2-bedroom flat · WS13 6SY
For saleReduced £5k (−4.3%) on 24 JunListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lovett&Co. Estate Agents are pleased to offer for sale this well presented two bedroom top floor apartment.
Sitting tennat - suitable for investors/landlords only The property has a spacious lounge diner, modern fitted kitchen, bathroom and two double bedrooms.
The balcony from the lounge offers stunning views of the surrounding countryside to the south of Lichfield.
The communal areas includes the entrance lobby, and hallways on each floor plus lift to all the floors.
The property benefits from UPVC double glazing, economy 7 hot water system and upgraded electric wall heaters throughout plus internal insulation.
Hobs Road provides ease of access into Lichfield city centre with its diverse range of amenities including restaurants, bars and shops as well as a number of supermarkets.
Excellent commuter links are available with the A38, M6 toll road, A5, A452 and there are both Cross and Inter City railway lines available at Trent Valley station which is just a few minutes walk away.
Reception hall: Fire door, intercom system, carpeted flooring, wall heater, ceiling light point and doors to lounge, two double bedrooms and bathroom.
Lounge: 12'8" x 12'0" (3.86m x 3.66m ) Large window to front with door to the balcony and views of the surrounding countryside, carpeted flooring, TV aerial socket, ceiling light point, wall heater with and door to kitchen.
Modern fitted kitchen: 15'5" x 6'2" (4.70m x 1.88m ) Range of modern wall & base units comprising: Cabinets & drawers with work top surfaces, wall tiling, bowl sink with mixer tap and drainer, integrated oven, electric hob, space for fridge-freezer and washing machine, ceiling light point, extractor, two useful storage cupboards and window to side with views over the City.
Modern bathroom: White suite comprising: Bath with shower, wash hand basin and WC, heated chrome towel rail, ceiling light point, extractor and window to side.
Bedroom one: 18'0" x 9'2/" max (5.49m x 2.79m) Window to front, wall heater, carpeted flooring and ceiling light point.
Bedroom two: 14'2" x 8'0" (4.32m x 2.44m ) Window to front, wall heater, carpeted flooring and ceiling light point. Externally: The property comes with either an allocated parking space or garage tbc.
Viewing: Please contact us on if you wish to arrange a viewing appointment for this property or require further information.
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
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FAQ
About 31 Ridware House, Hobs Road, Lichfield
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