1-bedroom flat · DE15 9GZ
Listing removedListed 222 days
Opportunity summary
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About
Newton Fallowell are pleased to be able to offer for sale this well presented one bedroomed starter ground floor apartment located in the popular Heathlands Grange development.
The property enjoys a service charge which includes all utilities with the exception of council tax, further details with regard to the service charge are available on request.
In brief the accommodation comprises: - open plan living dining kitchen, bedroom with extensive shelving and hanging and shower room with utility cupboard.
Outside there are communal grounds and allocated parking within the development. EPC rating: C.
Tenure: Leasehold, Service charge description: includes electric, water & gas, Buildings Insurance etc, Length of lease (remaining): 105 years 9 months, Accommodation In Detail Double glazed security entrance door leading to: Open Plan Living Kitchen 4.34m x 2.65m extending to 3.57m featuring: Kitchen Area 1.87m x 2.58m (6'2" x 8'6") having a range of mocca and cream base and eye level units with complementary rolled edged working surfaces, two ring electric hob with oven under, stainless steel sink unit, one central heating radiator, low intensity spotlights to ceiling, fitted extractor and smoke alarm.
Living Area having Upvc double glazed window to front elevation, laminate flooring and full height storage cupboard.
Bedroom 2.46m x 3.11m (8'1" x 10'2") having Upvc double glazed window to rear elevation, one central heating radiator, laminate flooring and thermostatic control for central heating.
Shower Room having three piece white suite comprising shower enclosure with thermostatically controlled shower, low level wc, pedestal wash basin, one central heating radiator, extractor vent and utility cupboard with plumbing for washing machine.
Services All mains services are believed to be connected to the property. Measurement The approximate room sizes are quoted in metric. The imperial equivalent is included in brackets.
Tenure Leasehold - with vacant possession upon completion.
Newton Fallowell recommend that purchasers satisfy themselves as to the tenure of the property and we would recommend that they consult a legal representative such as a Solicitor appointed in their purchase.
Currently the service charge we understand is £222 a month.
Which includes, gas, electric, water, boiler insurance, TV aerial repairs, window cleaning, landscaping, buildings insurance and ground rent of £80 per year.
Note The services, systems and appliances listed in this specification have not been tested by Newton Fallowell and no guarantee as to their operating ability or their efficiency can be given.
Note Anti-Money Laundering Regulations – Intending purchasers will be required to provide identification documents via our compliance provider, Coadjute, at a cost of £45 plus VAT per transaction.
This will need to be actioned at the offer stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
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
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FAQ
About Heathlands Grange, Stapenhill, Burton-on-Trent, DE15
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