1-bedroom flat · NE37 3DY
Sold STCListed 34 daysAuction 11 Nov · in 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Tuesday, 13 Oct 2026 ending at 11:13 Vacant one-bedroom leasehold apartment offering excellent refurbishment and investment potential, with an additional garage currently generating £35pcm and an estimated rental income of approximately £500pcm once renovated.
Offered for sale by auction is this vacant one-bedroom flat with a garage, located in Sulgrave.
The property comprises an Entrance Hall, a Living Room, a Kitchen, a double bedroom, a Bathroom, and a Balcony. There is separate garage currently let at £35 per calendar month.
Situated in a well-established residential area, the property is conveniently placed for local amenities, transport links, plus hospitals and universities, making it an attractive prospect for both resale and rental markets.
Key Features: Approx. 65 sq.
Meters of accommodation One-bedroom apartment Refurbishment opportunity Popular and well-connected location Vacant possession Investment Summary Rental income can be expected at approximately £500pcm, once renovated Additional income from garage: £35 per calendar month Scope to increase rental income and letting of vacant units Asset management opportunity with value-add potential Attractive guide price reflecting condition Tenure: Leasehold Legal Pack: Available via the Auction House website Tenure: Leasehold Portrait Video Tour False Additional Fees Administration Charge - £3,600 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
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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 starting price
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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 Apartment 72 Neville Court, Washington
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