Studio flat · CF11 0JG
Listing removedListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale with no on-going chain. Situated on the 1st floor is this studio apartment found in good order throughout.
On site facilities include gated entry with 24 hour concierge, impressive central communal grounds, fitness suite to include full size indoor swimming pool with Jacuzzi and twin saunas plus 2 gymnasium's.
Briefly the accommodation comprises communal entrance, hall, generous lounge/bedroom with deep double wardrobe/cupboard, fully integrated modern kitchen plus stylishly appointed shower room.
Complimented with double glazing, electric heating, lift to all floors, security entry plus an allocated and visitor parking. Viewing highly recommended.
The development of Prospect Place has proven to be an incredibly popular place to live for young and old alike.
Its a safe environment with its gated entry and tranquil given the expansive central communal lawns and of course the amazing water views.
Communal Entrance - Entry via intercom entry, lift and stairs to all apartments. Hall - Entryphone to the side.
Lounge Bedroom - 4.70m x 3.89m (15'5" x 12'9") - Spacious main room combining the lounge with the bedroom, 2 windows to the rear, TV point, generous double cloaks/airing cupboard housing the hot water tank with light and twin telephone points.
Kitchen - 2.97m x 1.60m (9'9" x 5'3") - Fitted with a good range of modern white wall and base units with laminate worktop and inset stainless steel under mounted sink with mixer tap, integrated fridge, freezer plus washing machine and built in oven, hob & cooker hood, tiled floor, extractor fan.
Shower Room - Stylishly appointed white suite by Roca comprising a double enclosure - independent shower over with folding glass screen, wall mounted wash hand basin and close coupled wc - concealed cistern, tiled surround and tiled floor, heated chrome towel rail, extractor fan.
Grounds - Set in well tended large grounds - central lawn with shrub borders, allocated parking space plus numerous visitor spaces.
Fitness suite within Lady Isle House (next door building) to include swimming pool with jacuzzi and steam rooms plus fully equipped gymnasium.
Information - We believe the apartment is leasehold with a 125 year lease from 1st January 2003 therefore with 101 years remaining.
Ground rent of £150.00 per annum (payable in 2 installments) Service Charge to include Buildings Insurance of £1,758.21 for 6 months. Council Band C £1,708.62 (2025-2026)
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.
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