2-bedroom flat · CV34 6BX
Listing removedListed 153 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One of the largest designs (730+sqft), and located on the top floor, enjoying spectacular views across the central green.
The property benefits from a charming double bedroom, en suite shower room, apartment bathroom, large living room, kitchen, share in freehold, and garage with parking space in front of the garage.
Viewing very warmly recommended. This is one of the best apartments on Chase Meadow, in our opinion!
Front door with security system opens into the communal entrance and reception hall with staircase rising to the first floor landing and further staircase leading to the second floor landing.
Front door open into the Reception Hall With telephone security intercom, radiator and access to the roof space.
Apartment Bathroom With white suite having panelled bath with a Mira adjustable shower over, wash hand basin, low-level WC with concealed cistern, radiator, and shaver point.
Well Proportioned Lounge/Dining Room (6.21m max x 4.16m reducing to 3.50m (20'4" max x 1) Enjoying spectacular and engaging views across the central green and lake, two double panel radiators, two double glazed windows, and archway through to the Well Fitted Kitchen (4.09m x 1.76m (13'5" x 5'9")) With roll edge work surfacing incorporating the four ring gas hob and one and a quarter bowl, single drainer, stainless steel sink unit with mixer tap.
The main units incorporate the electric oven and leave space and plumbing for a dishwasher and washing machine together with space for undercounter fridge and freezer, full range of eye-level wall cupboards with cooker filter and under unit lighting, double glazed window, radiator, tiled splash backs, and door leading to the airing cupboard with insulated hot water cylinder and gas fired Worcester central heating boiler (which has recently been replaced).
Master Bedroom (4.10m max x 3.21m excluding door recess (13'5" max) With double glazed window to the rear and double panel radiator.
(The dimensions include a three door, fitted range of wardrobes with hanging rail and shelf).
Refurbished Ensuite Shower Room With fully tiled shower cubicle with adjustable shower, low-level WC, wash hand basin, single panel radiator, tiled areas and shaver point.
Bedroom Two (2.23m x 1.99m + 1.69m x 1.97m (7'3" x 6'6" + 5'6") This "L" shaped room has two double glazed windows, double panel radiator and the room enjoys views across the central green.
Outside - Communal Gardens The property benefits from well maintained communal areas with a driveway at the side of the property giving access to Single Garage And Car Parking Space With up and over garage door.
General Information The dishwasher, washing machine and fridge are available at separate negotiation. The property comes with a share in the freehold management company which owns the freehold.
Presently the lease is a 99 year lease starting on the 1st of January 2003 with a ground rent of £100 per annum, however, we understand now the freehold has been purchased, the ground rent has reduced to £1.00 (Peppercorn).
We understand, the service charge is presently £1,833,54 pa.
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 11, Shreres Dyche, Warwick
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