2-bedroom flat · TA21 8PE
Listing removedListed 385 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In this convenient location within walking distance of Wellington town centre is this well presented first floor 2 bedroomed apartment with communal gardens, garage and off road parking.
No onward chain. The accommodation comprises Entrance Hall, Living / Dining Room, Fitted Kitchen / Breakfast Room, Master Bedroom with fitted wardrobe, Further Bedroom and Family Bathroom.
- Share of Freehold 1/18th share - Length of lease term 999, 957 years remaining - Start date 1984 - End date 2984 - Annual ground rent £0 - Annual service charge £1500 - Can sublet, keep pets and short term let - Council tax band C - Mobile availability – visit checker.ofcom.org.uk for specific details - What3words: ///vegetable.hinted.give For clarification, we wish to inform prospective purchasers that: these particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, nor constitute part of, an offer or contract; all descriptions, dimensions, references to condition and necessary permission for use and occupation and other details, are given without responsibility and any intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
No person in the employment of Robert Cooney has any authority to make or give any representation or warranty whatever in relation to this property; we have not carried out a detailed survey nor tested the services, appliances and specific fittings.
Entrance Hall Living / Dining Room 3.91m x 4.95m Kitchen / Breakfast Room 2.26m x 3.99m Master Bedroom 3.2m x 3.99m Bedroom 2 2.49m x 2.9m Family Bathroom Garage 2.51m x 5.05m
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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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