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See how verdicts work1-bedroom flat · SO23 9RF
Under offerReduced £10k (−3.4%) on 25 OctListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property: Located in St.
Cross, just to the south of the city centre, is this fantastic ground floor apartment in a converted Edwardian building, set within extensive beautifully maintained grounds.
The property has been maintained to a high standard; with a modern kitchen and bathroom suite. The property is accessed via a secure external door with an entry phone system.
The entrance hall accesses all key rooms. The spacious double aspect sitting/dining room has an ornamental fireplace which creates a focal point.
The generous bedroom is again dual aspect and has a good dressing room to one side. The bedroom is served by a contemporary bathroom.
Glorious formal gardens that are beautifully maintained lie to the rear, boasting a pleasant southerly aspect with seating areas. The Location: Set in the heart of St.
Cross the property provides easy access onto the motorway, with The Water Meadows and St. Catherine's Hill offering scenic walks only minutes away.
The city centre is on a level walk and easy bus route from the end of the road. Directions: Proceed in a southerly direction from the city centre along Southgate Street which becomes St. Cross Road.
Turn right into Mead Road and St. Cross Mede can be found on your left-hand side, this property is found in the block on the left. Tenure: Leasehold.
A 999-year lease commenced 1987, leaving 960 years remaining. There is also an owned share in the management company that owns the freehold.
There is a service charge of approximately £3200 payable pa. Viewing: Strictly by appointment through Belgarum Estate Agents . Services: All mains services connected.
Council Tax: Band C - rate for 2025/26 £2,000.31 pa. EPC Rating: D Parking - Allocated parking
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

FAQ
About Mead Road, St. Cross Mede Mead Road, SO23
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