1-bedroom flat · SN10 1QW
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom flat, located on the ground floor of a purpose built block close to the canal and offers a great opportunity for first-time buyers or investors seeking a project in need of updating.
The accommodation is accessed via a communal entrance hall and is situated on the ground floor.
A central hallway leads through to the principal rooms, with the large, bright living space offering excellent flexibility for furnishing and dining.
Adjacent is the kitchen, which is currently fitted but would benefit from a modern refit to maximise its potential. There is a good sized double bedroom and the bathroom also requires updating.
Residents benefit from access to communal gardens and on-street parking is usually available nearby.
The property is conveniently located and is an excellent opportunity for a first time buyer or investor to acquire an apartment in need of renovation within easy access of Devizes town centre and lovely countryside walks.
The property is conveniently located on the edge of the thriving market town of Devizes, which is renowned for its wealth of amenities, including a weekly market, bespoke shops, and leisure facilities.
Local schooling is well-regarded, with St Joseph's Catholic Primary School, Devizes and Southbroom St James Academy both having a recent Ofsted rating of 'Good', while Devizes secondary school has also been rated 'Good'.
The famous Kennet & Avon Canal is close-by, offering picturesque walks and cycle routes.
TENURE Leasehold Length of lease: new 125 year lease on completion Service charge: £1,452.62 per annum Peppercorn ground rent (0) SERVICES & MATERIAL INFORMATION All mains services are connected and the property operates on gas central heating.
Council tax band: A Energy efficiency rating: C
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 Mayenne Place, Devizes, Wiltshire, SN10
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