1-bedroom flat · WS13 7HS
For saleListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bill Tandy and Company are delighted to offer for sale this well presented and highly individual ground floor apartment located within the modern apartment complex of Swallows Reach.
This generous size one bedroom apartment is perfectly positioned to take advantage of local facilities including neighbouring Morrisons supermarket and Beacon Park, and the property lies within walking distance of the cathedral city centre with a broader range of shopping and leisure facilities.
The apartment comprises its own entrance private door positioned below the entrance archway, entrance area opens into the open plan lounge/diner with a modern kitchen, generous main bedroom and recently modernised main shower room.
Externally, the property comes with an allocated parking space located to front. Internal viewings are highly recommended.
ENTRANCE the apartment has its own private entrance door positioned under the archway and opens to: LOUNGE/BREAKFAST KITCHEN 5.82m max x 5.16m max (19' 1" max x 16' 11" max) an 'L' shaped room having both a sitting area and open plan kitchen comprising two double glazed windows to rear, laminate floor, two radiators, spotlighting and useful store cupboard.
The kitchen area has spotlighting to ceiling, laminate floor flowing through from the sitting area, modern kitchen units comprising base cupboards and drawers surmounted by preparation work tops, wall mounted cupboards, inset Bosch oven with five ring gas hob, stainless steel splashback surround and extractor fan above, inset stainless steel sink with drainer, breakfast bar seating area and spaces ideal for washing machine, tumble dryer and fridge/freezer.
BEDROOM 3.98m max into wardrobes x 3.62m max (13' 1" max into wardrobes x 11' 11" max) having double glazed window to front, radiator and built-in wardrobes with sliding mirrored doors.
RE-FITTED SHOWER ROOM 2.51m max x 2.16m (8' 3" max x 7' 1") this Jack and Jill shower room is accessed from both the sitting room and the main bedroom having an obscure double glazed window to side, towel rail, contemporary suite comprising anthracite grey gloss vanity unit with inset wash hand basin and low flush W.C., generous shower enclosure with twin-headed shower appliance over, marble style aqua-boarding surround and laminate floor.
PARKING The apartment has the benefit of an allocated parking space located to the front of the complex. COUNCIL TAX Band B.
LEASE TERMS/SERVICE CHARGES We understand the property is Leasehold with a 125 years commencing from 1 January 2001.
The owner informs us the annual service charge is approximately £1,200 with an annual ground rent of £200. Details of which should be checked and verified by your solicitor before legal commitment.
FURTHER INFORMATION/SUPPLIES Mains drainage, water, electricity and gas connected. Telephone and Broadband connected.
For broadband and mobile phone speeds and coverage, please check the Ofcom website. For further information please refer to Key Facts for Buyers.
ANTI-MONEY LAUNDERING AND ID CHECKS Once an offer is accepted on a property marketed by Bill Tandy and Company Estate Agents we are required to complete ID verification checks on all buyers, and to apply ongoing monitoring until the transaction ends.
Whilst this is the responsibility of Bill Tandy and Company, we may use the services of Guild 365 or another third party AML compliance provider.
This is not a credit check and therefore will have no effect on your credit history. You agree for us to complete these checks. The cost of these checks is £30.00 including VAT per buyer.
This is paid in advance when an offer is agreed and Once an offer is accepted on a property marketed by Bill Tandy and Company Estate prior to a sales memorandum being issued.
This charge is non-refundable.
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 Swallows Reach, Swallow Croft, Lichfield, WS13
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