2-bedroom flat · BA14 7JF
For saleReduced £10k (−4%) on 29 JulListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This stunning ground floor apartment is flooded with natural light from the large windows and offers a great amount of character and charm throughout.
With two allocated parking space, this property is within close proximity to the town centre and is being offered for sale with no onward chain.
Red Gables was completed in 2017 by Ashford Homes, a local developer with a fine reputation for crafting very special homes, and once inside it quickly becomes apparent why that reputation is so warranted.
The development boasts an attractive entrance hall with feature stained glass window, flooding the hallway with light and a gorgeous staircase.
Stepping into the property the hallway has doors to each of the rooms as well as a useful storage cupboard.
The open plan living space is a stunning room with two beautiful windows that flood the room with natural light as well as plenty of space for furnishings.
Fitted with modern units and work surface space, the kitchen area is a good size with integral appliances.
Bedroom one is a dual aspect double bedroom with a modern en suite that has a double shower cubicle, WC and wash basin.
Bedroom two is another comfortable double room with a built in wardrobe as well as French Doors to the parking.
Completing the internal space is the bathroom which has a bath with shower over, WC and wash basin.
Externally this property has a small patio area that creates a nice space to enjoy a morning coffee as well as two allocated parking spaces.
The property is leasehold with the remainder of a 999 year lease from 2017. The ground rent is £100 per year and the service charge is currently £2428.00 per year.
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
Agent & docs
FAQ
About 5, Red Gables, Wiltshire
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