2-bedroom house · GL8 8DD
For saleReduced £10k (−5.4%) on 13 OctListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away just off Tetbury's charming Market Place, Number 3 Dale House is a wonderfully bright and spacious two-bedroom retirement apartment, forming part of this highly regarded and award-winning development for the over 55s.
Enjoying a lovely southerly aspect, the apartment is filled with natural light throughout the day and offers comfortable, easy-to-manage accommodation in an incredibly convenient town centre setting.
The accommodation is well laid out and easy to navigate, beginning with an entrance hall complete with an entry phone system and useful storage.
The sitting/dining room is a particularly pleasant space, enjoying a sunny outlook with plenty of room for both comfortable seating and a dining table.
The kitchen is fitted with a range of units and integrated appliances, providing a practical layout for day-to-day living.
There are two double bedrooms, offering flexibility for visiting family, hobbies or a study space, alongside a bathroom fitted with a modern white suite.
Dale House itself is a small and friendly development dating from the 1980s, made up of just 20 apartments and thoughtfully designed specifically for the over 55s.
Residents benefit from a part-time House Manager, communal laundry facilities and a guest suite for visitors, creating a lovely balance of independence and reassurance when needed.
Further benefits include hardwood double-glazed windows, Economy 7 heating and a wonderfully central position just moments from Tetbury's shops, cafes and everyday amenities.
Properties within Dale House are always popular thanks to both the convenient location and the welcoming sense of community the development offers. Leasehold: 958 years remaining.
Please be aware that under the terms of the Lease, Retirement Properties Ltd is entitled to receive a resale fee of 5% of the sale price out of which it settles the fees of the estate agents, solicitor and any other relevant costs.
The vendor will therefore receive 95% of the sale price.
Annual charges We are advised by the vendors that the annual service charge includes exterior maintenance and repairs, insurance of the buildings, window cleaning, gardening in communal areas, house manager, use of laundry facilities, water and sewerage charges, water softener system and Care Line emergency service.
The monthly charge is understood to be currently apporx £370 per calendar month.
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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FAQ
About Flat 3, Dale House, Chantry Court, Tetbury
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