1-bedroom flat · SK9 3BD
Opportunity summary
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About
*CONVERTED PERIOD BUILDING/ GROUND FLOOR APARTMENT/ IDEAL FOR 1ST TIME BUYERS* A modern one bedroom ground floor apartment forming part of a period Grade II listed building.
Now converted into beautiful apartments and only 10 minutes drive from Manchester Airport. Its also close to Handforth Village with a wide range of amenities, independent retailers, and train station.
The property offers stylish split level interior.
On entering and in brief there is a private hallway with storage cupboard, bedroom with a well appointed en-suite shower room, steps to the upper level and you are greeted with a fabulous open plan lounge/ diner/ kitchen.
We strongly recommend a viewing to fully appreciated the property, location, and position. Outside there is residents and visitor parking.
Call NOW to arrange your viewing IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
WIL260234/2 Communal Entrance Communal entrance, courtesy lighting. Private entrance hallway 2.0 x 1.3 - Hallway with storage, radiator, balustrade.
Inner hallway 1.3 x 1.5 Bedroom 3.3 x 2.6 - A double size bedroom, space for furniture, fitted sliding mirror front wardrobes, and a built-in wardrobe. Radiator. Sash window.
En-suite bathroom Fitted with a modern suite. Tiled walls and flooring, a double size shower, rainfall shower head.
WC/ button flush, Oval shape sink mounted on a vanity unit, matt black fittings, radiator.
Upper level Lounge/ diner/ Kitchen 7.0 x 3.5 - The lounge / kitchen/ diner is raised, and is a slightly higher level to the hallway.
Windows two sash windows to front elevation, light and bright. TV point, radiator.
Kitchen The kitchen is fitted with a range of modern units at base and eye level with a peninsular/ breakfast bar. Integrated oven/ hob/ hood.
Space for a fridge freezer and plumbing for a washing machine. Sink with mixer tap. Plinth lighting. Storage Note that there is a lockable storage cupboard next the the apartment front door.
Ideal for bikes etc. Parking Allocated and visitor parking.
General Info UPRN Floor Area 441 ft2/ 41 m2 Plot Size 0.10 acres (2 Plots) Local Authority Cheshire East Conservation Area No Council Tax Band Band B Council Tax Estimate £1,909 Year Built 1900-1929 Rivers & Seas Very low Surface Water Very low Sub Lease Share of Freehold with a sub lease Lease Start Date 30/10/2017 Lease End Date 31/12/2265 Lease Term 250 years from and including 1 January 2016 to and including 31 December 2265 Plot map Service Charge The service charge is currently £234.79 however this is due to go down significantly in November (note it was increased by about £76.21 to pay for planned remedial works) It was previously £158.58.
Everyone in the building has to agree before the service charge is raised, It cannot just be increased by the management company.
Works-resurfacing and repainting the car park (now completed), and fire safety improvements.
The service charge also includes: • A gardener once a month • Cleaning of the communal areas every other week • A weekly window cleaning service
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 Spath Lane, Handforth, Wilmslow, Cheshire, SK9
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