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See how verdicts work2-bedroom bungalow · SK6 1EG
Sold STCListed 453 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase an affordable and well presented true bungalow set in a quiet sought-after cul-de-sac. The property is sold as 70% shared ownership for the over 55 year olds only.
A small amount of updating is required but overall the property is well presented and sits in a lovely location.
The accommodation includes an entrance hall, living room, dining room/bedroom two, a fitted kitchen, conservatory, master bedroom and modern shower room.
Outside there is a driveway, detached garage and garden to the front along with attractive rear gardens. A rent/service charge of 108.75 p.c.m.
is payable on the remaining 30% share but this includes building insurance, ground rent, gardening and most of the external maintenance costs. Tenure Leasehold. Council Tax Band B. Energy Rating: D.
ENTRANCE HALL 8' 0'' x 4' 2'' (2.44m x 1.27m) LIVING ROOM 17' 2'' x 9' 9'' (5.23m x 2.97m) KITCHEN 8' 2'' x 7' 11'' (2.49m x 2.41m) BEDROOM ONE 11' 11'' x 9' 9'' (3.63m x 2.97m) BEDROOM TWO 8' 9'' x 8' 0'' (2.66m x 2.44m) SHOWER ROOM 7' 10'' x 4' 9'' (2.39m x 1.45m) CONSERVATORY 7' 1'' x 6' 1'' (2.16m x 1.85m) SERVICE CHARGES 0' 0'' x 0' 0'' (0m x 0m) There is a monthly service charge payable of £108.75 Per month which covers items such as buildings insurance, garden maintenance, external property maintenance, window cleaning and care call facility.
Further information on the service charge and lease will be available from your legal representatives. We understand a 99 year lease was granted in JUNE 2006.
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 Hayfield Avenue, Romiley
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