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See how verdicts work2-bedroom flat · HA8 5NL
For saleReduced £25.1k (−9.1%) on 30 AugListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two-bedroom, one-bathroom first floor flat located just moments from Queensbury Station, offering excellent transport links and local amenities.
The property is in need of full modernisation throughout, presenting a superb opportunity for investors or buyers looking to add value.
Lease details: 125 years from 25 June 1979, with approximately 78 years remaining.
A lease extension is available, typically adding a further 47 years and reducing ground rent to a peppercorn (£0.00), subject to valuation and freeholder terms.
Service charge is approximately £1,675 per 6 months, with a ground rent of £75 per 6 months. A fantastic chance to refurbish and reimagine a well-located flat in a strong rental and commuter hotspot.
Available to the market with offers considered.
A well-positioned two-bedroom, one-bathroom first floor flat located just moments from Queensbury Station, offering superb access to transport links, local shops and amenities.
This property presents an exciting opportunity for buyers looking to modernise and add value in a highly convenient and increasingly popular location.
The flat is in need of full modernisation throughout, making it ideal for investors, developers, or owner-occupiers keen to create a bespoke home tailored to their own specification.
With strong rental demand in the area and excellent connectivity, the upside here is clear. Service charge is approximately £1,675 per 6 months, with a ground rent of £75 per 6 months.
The property benefits from a lease term of 125 years from 25 June 1979, leaving approximately 78 years unexpired.
A voluntary lease extension is available, which would typically extend the lease back up to a new 125-year term, effectively adding around 47 years to the current remaining term.
Under current legislation, the ground rent would convert to a peppercorn (£0.00) upon extension.
Please note, in order to progress a lease extension, a valuation by an external surveyor is required to determine the premium payable.
The freeholder’s surveyor fee is £850 + VAT, payable by the lessee, and the resulting report is used to determine the terms of any offer, which would typically remain open for acceptance for two months.
Available to the market with offers considered, reflecting the scope to modernise and add value.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 215, Beverley Drive, Edgware
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