1-bedroom flat · NP25 5HA
For saleListed 2 days
Opportunity summary
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About
An inviting and well-presented spacious one-bedroom apartment with views of the surrounding countryside in the popular purpose-built retirement building of Homeforge House on Goldwire Lane in Monmouth.
The flat offers a sizeable living room, plentiful storage and lift access within the building as well as double glazed windows and an entry phone and alarm call systems.
Situation One of 48 retirement apartments in the purpose built Homeforge House which has a 24-hour Careline system and stairs and lift service.
The flat is situated on the first floor within the building providing a pleasant outlook.
In addition to their own private apartments, residents at Homeforge House enjoy the benefits of a communal lounge, laundry and guest suite.
Located on Goldwire Lane just over the Monnow Bridget at the bottom of town, the building is easily accessible to the centre of Monmouth town, with its wealth of amenities and Bridges Community Centre within a level short walking distance.
Accommodation Upon entering the flat is a spacious Hallway with an intercom entering system fitted.
The Sitting Room is a generously proportioned, light room with a pleasant outlook of the surrounding Monmouthshire countryside with the Lydart in the distance.
There is a deep storage cupboard housing the hot water tank. The Kitchen has been recently refitted with modern storage units and drawers with tiled splashbacks.
Integrated appliances include an electric oven, induction hob with an extractor fan over, there is a sink with drainer and space for an under-countertop fridge.
--- The Bedroom is a spacious double with a pleasant outlook and a double fitted wardrobe. The Bathroom provides a low bath with a shower over, tiled splashbacks, lavatory and wash hand basin.
Outside The grounds are particularly well kept at Homeforge House with a large lawned area to the rear of the building and a pleasant patio and seating area to the front.
The flower beds are always well kept and planted with various bedding plants throughout the year. There is a communal car park providing parking space.
General Mains water and electricity, Electric storage heaters EPC Band B Tenure Leasehold for an original term of 125 years from about 1988 subject to the annual ground rent and maintenance charges.
It is a requirement of the sale that the minimum age of the main occupier is 60 years. We recommend you have this verified by your legal advisors.
Service Charges Payable twice a year £1,958 (2023-2024) (x2 per annum) Ground rent Also payable twice a year - £249.39 (2023-2024) (x2 Per Annum) TBC Local Authority Monmouthshire County Council Viewing Strictly by appointment with the Agents: David James, Monmouth
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.
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Area
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FAQ
About Goldwire Lane, Monmouth, Monmouthshire, NP25
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