1-bedroom flat · CV9 1JN
Listing removedListed 317 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom ground floor apartment ideally situated within walking distance of Atherstone town centre. Hall, open plan lounge / kitchen and bathroom. Designated parking. NO CHAIN.
Term: 999 years from circa 1st January 1991. Service Charge: £951.50 p.a. Ground Rent: £50 p.a. Communal Hallway Door leading to....
Entrance Hall Having a built in cupboard, built in airing cupboard housing the lagged cylinder, wall mounted storage heater and laminate floor covering.
Open Plan Lounge / Kitchen 18' 2'' max x 16' 1'' (5.54m max, 3.48 min x 4.9m) Having three wall mounted storage heaters, two windows to rear elevation, range of matching fitted base units, wall mounted storage cupboards, working surfaces, inset stainless steel sink unit with mixer tap, integrated oven, hob and extractor hood.
Bedroom 17' 6'' max x 9' 5'' (5.33m x 2.86m) Having a wall mounted storage heater and window.
Bathroom Having a wac, pedestal wash hand basin, bath with electric shower and screen, heated towel rail and window. Outside There is a designated car parking space.
Note: There is no gas supply to the property.
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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About The Cloisters, Atherstone
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