We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NG1 1GJ
Sold STCListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***EWS1 COMPLIANT*** Situated in the ever popular Habitat development, this bright and spacious two bedroom apartment makes an ideal investment opportunity with a 7.3% yield or live in purchase.
The property briefly comprises of a large open plan living/kitchen/dining area with a balcony, two double bedrooms (both with fitted storage) and the master with an en-suite bathroom alongside a second shower room.
The property also benefits from an underground, allocated parking space and is being offered with no onward chain.
OPEN PLAN LIVING/KITCHEN/DINER 20' 11" x 16' 2" max (6.38m x 4.93m) With a bright living/dining area with fitted carpet, two double glazed windows and French Doors leading to a private balcony, wall mounted electric heater and fitted ceiling spotlights.
Fitted kitchen with a range of high and low level units with a rolled edge worktop over incorporating a stainless steel sink, splash back tiling, integrated electric oven, hob and extractor hood over, integrated fridge, freezer, washing machine and dishwasher, vinyl floor covering, wall mounted electric heater, intercom system and fitted ceiling spotlights.
HALLWAY With a fitted carpet and fitted ceiling spotlights.
MASTER BEDROOM 10' 4" x 8' 4" (3.15m x 2.54m) With a fitted carpet, double glazed window, fitted wardrobe with sliding doors, wall mounted electric heater and fitted ceiling spotlights.
EN-SUITE Comprising of a bath with hand held shower attachment over, low flush w.c.
pedestal wash hand basin, vinyl floor covering, chrome heated towel rail, part wall tiling and fitted ceiling spotlights.
BEDROOM TWO 9' 11" x 8' 4" (3.02m x 2.54m) With a fitted carpet, internal frosted glass, fitted wardrobe with sliding doors, wall mounted electric heater and fitted ceiling spotlights.
SHOWER ROOM With a corner shower enclosure with a mains fed mixer bar shower, low flush w.c., pedestal wash hand basin, vinyl floor covering, part wall tiling, chrome heated towel rail and fitted ceiling spotlights.
EXTERNAL Alongside a private balcony the property also benefits from an underground, allocated parking space.
LEASE INFORMATION Remaining Lease Length: 981 Years Ground Rent: £250 per annum Estimated Service Charge: £1,885.86
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Habitat, Woolpack Lane, Lace Market
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