2-bedroom flat · YO7 1TH
Listing removedListed 466 days
Opportunity summary
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About
With close and level access to Thirsk market place and local amenities. Meadowfields offers independent and accessible accommodation.
Purpose built for over 55's, the development offers on-site care, communal lounges and well maintained gardens and terraces. Direct access to Thirsk Library and The Bistro.
The property offers modern accommodation, briefly comprising; two bedrooms, living rooms, modern kitchen and wet room. Please be advised that the price illustrated is for shared ownership.
Entrance Hall Doors off to both bedrooms, living room, wet room and useful storage cupboard.
Living Room (4.72 x 3.76 (15'5" x 12'4")) A inviting and airy room with a large double glazed window over looking the rear gardens.
Open to: Kitchen (3.36 x 2.25 (11'0" x 7'4")) Fitted with a range of floor and wall mounted units with matching work-surfaces.
Eye level electric cooker, electric hob with canopy extractor hood over and a stainless steel sink with mixer tap. Space and plumbing for an automatic washing machine.
Bedroom One (4.42 x 3.04 (14'6" x 9'11")) With double glazed window to the rear elevation, this is a good sized room.
Bedroom Two (3.35 x 2.49 (10'11" x 8'2")) With double glazed window to rear elevation.
Wet Room (2.59 x 2.04 (8'5" x 6'8")) Fitted with white suite comprising, wash hand basin, low flush WC and shower. Tiling to splash back areas and half height to walls.
Storage Cupboard Good sized walk-in storage cupboard with shelving, the room has light and provides a useful storage space.
Communal Areas A particular feature of Meadowfields are the communal lounges and active social calendar. To the ground floor is a large residents lounge with access to The Bistro and the rear gardens.
This area hosts regular social activities and is central to the welcoming and social atmosphere of the development.
There is a further lounge area on the second floor, with windows and doors to the terrace which enjoys an outlook towards The Flatts and countryside beyond.
Service Charges We have been informed the property is leasehold with a 125-year lease from 1st January 2015.
Ground rent and the annual service charge (which includes full maintenance of the property and gardens) is £5,723.04 approx. Per annum.
Shared ownership is where you buy the lease for a property at a percentage of the full market value. The percentage you buy may vary from property to property.
The successful purchaser is acquiring 75% whilst Housing 21 retain the remaining 25%. Please note, we have been informed that there is no additional rent to be paid to Housing 21
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
Agent & docs
FAQ
About 37, Meadowfields, Thirsk
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