2-bedroom flat · CV31 1DW
Sold STCListed 118 days
Opportunity summary
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About
SUMMARY OPEN HOUSE - Wednesday 1st July 16:45 - 17:30, contact us for details.
** TWO BEDROOMS ** NO ONWARD CHAIN ** POPULAR LOCATION ** ALLOCATED PARKING SPACE ** GAS CENTRAL HEATING ** IDEAL FIRST TIME BUY OR INVESTMENT ** BRIGHT AND SPACIOUS LIVING AREA ** DESCRIPTION Two-bedroom top-floor apartment, ideally suited for first-time buyers, investors, or those looking to downsize.
Offering bright and modern living throughout, this property benefits from excellent natural light and a private position within the building, being sold with no onward chain.
The accommodation briefly comprises a welcoming entrance hallway leading into a spacious and versatile living/dining area, enhanced by Velux windows which flood the room with natural light.
Eaves storage provides useful additional space. A separate, fully fitted kitchen offers a range of modern appliances including a gas hob, electric oven, extractor fan, fridge, and washing machine.
There are two bedrooms, with the principal bedroom benefiting from fitted wardrobes, Velux window, and further eaves storage. The second bedroom is ideal as a guest room, home office, or nursery.
The property is completed by a modern bathroom featuring a white suite with bath and electric shower over, WC, and basin.
Externally, the property benefits from an allocated parking space to the rear, with additional on-street parking available. Further benefits include gas central heating.
Communal Entrance Well-maintained communal entrance with stairs rising to the flat situated on the second floor.
Entrance Hallway Welcoming entrance hallway with a telephone entry system, a radiator, laminate flooring and doors to the lounge, both bedrooms and the family bathroom.
Lounge Generously sized lounge benefitting from ample natural light and consisting of a radiator and two windows to rear elevation. With an archway leading to the kitchen.
Kitchen Fitted with wall and base units with complementary work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit.
There is an integrated electric oven and gas hob with cooker hood over, whilst providing space for an under counter fridge/freezer and a washing machine.
Housing the gas central heating boiler and comprising laminate flooring and a velux window. Bedroom One Double bedroom benefitting from a built-in cupboard, a radiator and a velux window.
Bedroom Two Having a radiator and a velux window to rear elevation. Bathroom Three piece suite fitted with a wash hand basin, bath with shower over and a low level W/C.
Having a radiator and partly tiled walls.
Parking There is an allocated parking space to the rear, with additional on-street parking available Lease Information The property is leasehold with a lease length of 120 years from 1st April 1996.
The property is subject to management charges which include an annual ground rent of £50 and an annual service charge of £1,284.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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.
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