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See how verdicts work2-bedroom flat · CT17 9AL
Under offerListed 287 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IDEAL INVESTMENT PROPERTY - THIS TWO BEDROOM FLAT TO BE SOLD WITH CURRENT TENANT IN SITU. Situated on the first floor, the flat offers lounge/kitchen, bathroom and two bedrooms.
There is electric heating to the flat. The tenant is paying £695 rent pcm. An early viewing is highly recommended.
This flat is set in the centre of town, within the old Metropole hotel building which was built during the Victorian era.
On the door step, is a large range of local shops and its an easy walk to the beach, train and bus stations.
The accommodation comprises (measurements are maximum, taken into bays and extremes):- From the ground floor communal area, take the stairs to the first floor, door to flat 6.
Flat Entrance Hall Wall mounted electric heater. Electric consumer board. Doors to all rooms.
Lounge/Kitchen 4.34m (14'3) x 3.96m (13') Lounge/Kitchen Area - Fitted with a range of worktop and base units. Space for cooker, washing machine and fridge. Secondary glazed window to rear.
Wall mounted electric heater. Bedroom 1 4.19m (13'9) x 3.1m (10'2) Secondary glazed window to rear. Wall mounted electric heater. Bedroom 2 3.12m (10'3) x 2.49m (8'2) Secondary glazed window to rear.
Electric heater. Bathroom 3.12m (10'3) x 1.85m (6'1) Fitted with panelled bath and shower attachment over. Low level WC and wash basin. Cupboard with water cylinder.
LEASE DETAILS The vendor has advised that once a buyer has been found, they will instruct their solicitor, to draw up a new lease for the flat.
The lease will be 125 years as from 2017, so will come with approximately 118 years remaining. The service charge for the current year is £1350.00. There is a peppercorn ground rent.
The property is to be sold with the current tenant in situ paying a current rent of £695pcm, so this property is only available for buy to let investors.
The above information should be checked by your legal representative before proceeding. Energy Rating - D (67) Council Tax - Band A
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.
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FAQ
About The Metropole, New Street, CT17
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