2-bedroom flat · WS3 2US
For saleListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** MATTESLEY COURT HOUSING 21 EXTRA CARE APARTMENT COMPLEX ** 2ND FLOOR TWO BED APARTMENT ** NO ONWARD CHAIN ** OVER 55's ONLY ** 60% SHARED OWNERSHIP ** FABULOUS COMMUNAL FACILITIES INCLUDING RESTAURANT, LOUNGE/GAMES ROOM, HAIR SALON, WELLBEING ROOM, GUEST SUITE AND LAUNDRY ROOM ** SECURE ENTRY ** LIFT ACCESS TO FLOORS ** ELECTRIC HEATING ** WELL MAINTAINED COMMUNAL GARDENS AND PARKING AREAS ** Come to view this well maintained 2nd floor apartment being sold with 60% shared ownership through Housing 21 with no onward chain and offered to over 55's.
The apartment is well designed and spacious with the highlight being it's open plan living room and kitchen, the apartment also has two bedrooms and a shower room/wc.
Communal facilities are very good thoughout with access to upper floors by lift or stairs. Externally there are well maintained gardens and plenty of secure parking.
Secure Communal reception area Internal apartment hallway Open plan Living Room and kitchen 7.3m x 2.31m - 23'11" x 7'7" Bedroom One 5.29m x 2.86m - 17'4" x 9'5" Bedroom Two 3.55m x 2.58m - 11'8" x 8'6" Shower room WC 2.78m x 1.82m - 9'1" x 5'12" Communal facilities Residents have use of a multitude of facilities including restaurant, laundry room, Wellbeing room, hair salon, lounge/games room Communal gardens and parking AGENTS NOTE Property is being sold on a shared ownership basis with 60% being offered, 40% is owned by Housing 21 and £622.35 RENT inc service charge PER CALENDER MONTH is payable to them.
This site is for over 55's only. BUYERS INFORMATION In line with UK anti-money laundering regulations, successful purchasers must complete an Anti-Money Laundering (AML) check.
We use a specialist third-party service to verify your identity. The cost of these checks is £30 (including VAT) for each purchaser and any giftors contributing funds.
This fee is paid in advance when an offer is agreed, and prior to the issuance of a sales memorandum. Please note that this charge is non-refundable.
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 Mattesley Court Cresswell Crescent, Bloxwich, WS3
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