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See how verdicts work2-bedroom flat · IP11 2FA
Sold STCReduced £10.1k (−9.1%) on 25 OctListed 602 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In addition to the two bedrooms the apartment benefits a kitchen, modern shower room and in the second bedroom a range of fitted furniture.
Located on the first floor Rowland House benefits from a scheme manager, residents lounge, laundry room, resident's car park and lift facilities to all floors.
Rowland House is located a short distance away from a major supermarket, doctors' surgery and a pharmacy and links to the A14 are also nearby.
COMMUNAL ENTRANCE STAIRCASE AND LIFT FACILITIES To all levels, access to Laundry and Residents Lounge and Apartment 12 is located on the First Floor.
ENTRANCE DOOR Opening to :- ENTRANCE HALL Electric radiator, one double width storage cupboard and further single cupboard.
LOUNGE 13' 7" x 11' 11" (4.14m x 3.63m) Electric radiator, window to the front aspect, TV point, opening into :- KITCHEN 10' 9" x 5' 6" (3.28m x 1.68m) Fitted worktops with a tiled splashback, storage units above and matching storage units and drawers below, stainless steel sink unit with single drainer and mixer tap, space and plumbing available for washing machine, integrated double oven/grill, electric four ring hob with extractor, space for fridge freezer.
BEDROOM 1 10' 5" x 8 ' (3.18m x 2.44m) Velux window to the front aspect, built in wardrobes.
BEDROOM 2 10' 5" x 60' 7" (3.18m x 18.47m) Velux windows to the front aspect, electric radiator, Hammonds fitted unit such as chest of drawers, wardrobes and desk.
SHOWER ROOM Re-fitted modern white suite comprising walk in shower with glazed screen, mixer shower, tiled surround, low level WC with concealed cistern, wash hand basin with mixer tap, tiled walls and tiled flooring.
TENURE LEASEHOLD From our understanding there is a 99-year lease dated from 1988 with approximately 62 years remaining.
SERVICE CHARGE AND GROUND RENT We understand that there is a service charge and ground rent in place amounting to approximately £2,600 per annum. COUNCIL TAX Band 'A'
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 Rowland House, Winston Close
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