1-bedroom flat · SK6 3FL
For saleListed 91 days
Opportunity summary
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About
Constructed in 2020, The Folds offers luxurious retirement apartments with a comprehensive range of communal facilities and additional services designed to help you make the most of every day in a safe, comfortable and sociable environment.
This third-floor apartment has been redecorated and freshly carpeted in recent years and enjoys an attractive westerly aspect outlooking the beautiful communal gardens which adjoin the Peak Forest Canal.
The accommodation provides a comfortable, open-plan living space including a fitted kitchen with certain integrated appliances, a dining area and sitting room with Juliet balcony and double French doors overlooking the gardens.
A bedroom includes fitted wardrobes and the luxury shower room provides a level access shower. Completing the picture is a useful Utility storage room.
There is a superb table-service restaurant, a residents lounge and separate coffee room and the development also offers an activity studio, hairdressing, therapy services and visitors suite.
Outside in addition to the beautiful gardens there is a communal car-park and covered mobility scooter storage area. EPC rating: B. Council Tax Band: B.
Tenure: Leasehold with a 125 year lease from 1/1/2020 and a Ground Rent/Building Reserve Fund is applicable. Service Charge is £965 per month.
ENTRANCE VESTIBULE LIVING ROOM 14' 4'' x 8' 2'' (4.37m x 2.49m) KITCHEN 8' 9'' x 6' 3'' (2.66m x 1.90m) BEDROOM 10' 1'' x 8' 2'' (3.07m x 2.49m) SHOWER ROOM 7' 4'' x 4' 7'' (2.23m x 1.40m) UTILITY ROOM 4' 7'' x 3' 3'' (1.40m x 0.99m) SERVICE CHARGE There is a 125 year lease from 2020.
As of July 2026, the Ground Rent is £1133.31 p.a.
The monthly service charge is £965.04 which includes building insurance, 24/7 on-site support 365 days a year, subsidised table service restaurant, external window cleaning, water usage and the maintenance of all the communal meeting/dining/sitting areas, a guest suite and the communal grounds and facilities.
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
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FAQ
About The Folds , Romiley
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