We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CW8 4AZ
Listing removedListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Here's the Rightmove copy, all pitched at investors rather than owner-occupiers.
Full Rightmove Listing 15 Firdale Road, Northwich, Cheshire West and Chester, CW8 4AZ Tenanted Two-Bedroom Investment Flat — £120,000 | 7.5% Gross Yield (rising to c.
8.0%) A genuine, no-nonsense buy-to-let opportunity: a tenanted two-bedroom flat in Northwich, sold with a paying tenant in place and an immediate 7.5% gross yield at the asking price.
The flat is held on a long peppercorn lease of approximately 999 years from 24 June 1982 (c.
955 years remaining), with no ground rent and no service charge — so the full rent flows straight through to the investor before standard running costs.
The freeholder is absent, keeping third-party involvement to a minimum. The current tenant pays £750 pcm (£9,000 p.a.) and has indicated they intend to vacate in the coming months.
Independent Rightmove comparable rental evidence supports an achievable market rent of £800 pcm on re-letting — lifting the gross yield to c. 8.0% without any speculative assumptions.
That gives an incoming buyer both immediate income from completion and a clear, evidenced route to a higher return shortly after.
With an EPC rating of C, the property already meets current MEES rental standards, removing a common compliance cost many investors face elsewhere.
Northwich itself is a well-established Cheshire market town with strong tenant demand, good rail links, and easy road access via the A556/A559 to Chester and Manchester — the kind of location that keeps two-bedroom flats consistently let.
Investment Summary Scenario Monthly Rent Annual Rent Gross Yield Current passing rent £750 £9,000 7.5% Reversionary potential £800 £9,600 8.0% Sub-£120,000 entry price, evidenced yield upside, minimal ongoing costs, and low management complexity — this is a straightforward addition to a growing portfolio, or a strong first buy-to-let purchase.
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.
Area
Agent & docs
FAQ
About 15, Firdale Road, Northwich, Cheshire West And Chester
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