2-bedroom flat · SN13 9AA
Listing removedReduced £10k (−5.6%) on 21 MayListed 242 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN - Rare opportunity to acquire an incredibly spacious two-bedroom apartment in need of renovation, within walking distance of Corsham High Street, benefitting from private parking and communal gardens.
As you enter the property via a communal entrance, a staircase to the first floor leads to the front door where a central hallway gives access to the internal accommodation.
Accommodation comprises two large double bedrooms, a spacious sitting room and kitchen with fully fitted wall and base units.
A family bathroom with white suite benefits from a bath with overhead shower.
There is scope to update over time to create a spacious first floor apartment in a desirable location, which would make a brilliant first time buy, downsize or buy to let investment.
Externally, the property benefits from being set back from the road with access to communal gardens front and rear.
On top of this, there is an allocated parking space for one car private to the property.
Corsham is a charming old town which has an excellent range of local facilities, including many specialist shops and cafes.
There are good nurseries, primary and secondary schools within walking distance and The Georgian heritage city of Bath is within easy driving distance, as is Chippenham - with its main line station to London (Paddington) and Junction 17 of the M4 motorway.
Additional Information Tenure: Leasehold 125 years from 2021 Service Charge: Approximately £112.50 pcm Management Charge: Approximately £166 per year Services: Mains Gas Central Heating.
Double Glazed Windows. Mains Drainage. Mains Water Supply. Mains Electricity Supply. Council Tax Band: B EPC Rating: D (65) // Potential: C (77)
Value & comps
No previous sales on record.
Returns
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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 Stokes Road, Corsham
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