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See how verdicts work2-bedroom flat · PO4 0NX
Sold STCListed 332 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £250,000-£260,000. 2 BEDROOM 3RD FLOOR APARTMENT OFFERING SEA GLIMPSES, LIFT, GARAGE, VISITOR PARKING & LOCATED WITHIN REQUESTED CRANSESWATER PARK, AREA CLOSE TO CANOE LAKE & SEAFRONT.
OFFERED WITH NO CHAIN. The bight and airy accommodation comprises 2 double bedrooms, both with fitted wardrobes.
Double aspect lounge with sea glimpses, modern fitted kitchen & bathroom suite, large hallway with plenty of storage space/cupboards. In addition to the garage there is also visitor parking.
Communal Entrance - Security intercom system providing access to the communal entrance, stairs and lift to 3rd floor.
Flat Front Door To: - Entrance Hall - Three double storage cupboards, airing cupboard and additional meter cupboard, radiator.
Lounge - 4.70m into bay x 4.19m (15'5 into bay x 13'9) - Double aspect room with bay window to rear and window to side offering sea glimpses, two radiators, coved ceiling, serving hatch.
Kitchen - 4.11m x 1.88m (13'6 x 6'2) - One and a half bowl sink unit with range of wall and base cupboards with work surfaces over, serving hatch, electric cooker, space for fridge, plumbing for washing machine, double glazed window to side, part tiled walls, vinyl flooring, Ideal gas boiler.
Bedroom 1 - 4.67m x 2.92m (15'4 x 9'7) - Double glazed window to rear, coved ceiling, radiator, built in double wardrobe.
Bedroom2 - 3.68m x 2.44m (12'1 x 8') - Double glazed window to rear, coved ceiling, radiator, built in double wardrobe.
Bathroom - 4.29m x 1.75m (14'1 x 5'9) - White suite comprising bath with shower attachment and electric Mira shower over, shower screen.
WC, vanity wash hand basin with storage below, part tiled walls, radiator, double glazed window to side, vinyl flooring. Garage - 5.23m x 2.79m (17'2 x 9'2) - Up and over door.
Additional Information - Tenure - Leasehold Length of Lease - 150 years from 24/06/2012 - 137 years remaining approximately Service Charge - £1750pa inclusive of buildings insurance Ground rent - £70pa Council Tax Band - Band C The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
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.
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