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 · WS12 4UZ
Listing removedListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
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This well presented second floor apartment offers an excellent opportunity for first time buyers through a 40% shared ownership scheme (rent and charges are applicable).
The property comprises two spacious bedrooms, with the principal bedroom benefiting from a Juliet balcony that welcomes natural light.
The open plan living and dining area is generously proportioned and features a further Juliet balcony, providing a bright and airy atmosphere throughout the day.
The modern fitted kitchen is designed with convenience in mind, and the family bathroom is finished to a contemporary standard. Both bedrooms offer ample space for furnishings and storage.
The apartment is ideally located for popular local schools, shops, and regular bus routes, making day-to-day living straightforward and accessible.
With easy commuting options to Cannock, Stafford, Penkridge, Hednesford, and Rugeley, this property is particularly suited to professionals and young families.
Nature lovers will appreciate the proximity to Shoal Hill Common and Cannock Chase Area of Outstanding Natural Beauty, offering a range of outdoor leisure opportunities nearby.
Externally, the property enjoys access to well-maintained communal gardens, including a rear lawn area that is perfect for relaxing outdoors or socialising with neighbours.
Residents benefit from a designated parking space, as well as additional communal visitor spaces in the adjoining car park.
The communal grounds are thoughtfully landscaped, creating a pleasant and inviting setting for residents.
This apartment represents a great starter home, combining modern living with practical amenities and excellent local connections.
Early viewing is highly recommended to appreciate all that this superb shared ownership property has to offer.
EPC Rating: C Communal Entrance Hall - Apartment Entrance Hall - Living Room - Kitchen - Bedroom One - Bedroom Two - Bathroom - Anti-Money Laundering & Id Checks Once an offer is accepted on a property marketed by Dourish & Day estate agents we are required to complete id verification checks on all buyers and to apply ongoing monitoring until the transaction ends.
Whilst this is the responsibility of Dourish & Day we may use the services of MoveButler or Guild365, to verify Clients’ identity.
This is not a credit check and therefore will have no effect on your credit history. You agree for us to complete these checks, and the cost of these checks is £30.00 inc. VAT per buyer.
This is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
Local Area Connection Priority Order Applicants for shared ownership must meet local connection criteria, listed in priority as follows: Any parish within the South Staffordshire District.
Key Information 1) Additional information is available in the Key Information Document 3, To view KID3 this click this link.
2) A financial assessment is required for those requiring a mortgage and cash purchasers. 3) Key Information Document 1, To view KID3 this click this link.
4) Remember, failure to pay your rent, service charge, or mortgage could mean your home is at risk of repossession. Severn Homes is part of the Homes Plus Group.
Initial Financial Assessment, Are You Eligible We work closely with ‘The Mortgage People’ (tmp) they will help you complete the initial financial assessment.
You can get a free ‘Initial Assessment’ by following this link, or calling . They are open, Monday to Friday 9am-5pm or via “Live Chat” until 8pm weekdays and between 10am-4pm on a Saturday.
Tmp will email us the outcome of your initial financial assessment based on your preferred development and plot.
A member of our sales team will then contact you to confirm the outcome of the initial assessment and advise you of the next steps.
Note: This free initial financial assessment is essential whether you’re applying for a mortgage or purchasing your shares outright with cash.
This will show you what share you can afford to apply for and is free. There may be a charge when you proceed to apply for a mortgage.
Buying Shares That Are Affordable Before you can apply to buy a shared ownership home with Severn Homes part of Homes Plus, you will need to undertake a no-obligation, initial financial assessment with a financial advisor to ascertain the maximum share you can afford.
Tenure Tenure- Leasehold. The lease is for a period of 189 years remaining. Ground Rent & Service Charges Apply.
Ground Rent & Service Charges We are awaiting Confirmation of all rent and service charges from Homes Plus Group.
Share Available This property is for sale on a 40% shared ownership basis, ground rent, rent and service charges apply. Communal Garden Communal rear lawn area.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 17 Violet Close, Cannock
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