1-bedroom flat · DY8 1BS
Listing removedReduced £15k (−11.5%) on 12 AugListed 118 days
Opportunity summary
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About
Summary A rare opportunity to purchase A ground floor retirement apartment in spicer lodge, wollaston. Being only A short distance from the main communal reception & lounge..
Stourbridge town centre is only A short distance away. Well presented & with re-fitted kitchen & bathroom with 'walk-in' bath.
Description A rare opportunity to purchase A ground floor retirement apartment in spicer lodge, wollaston. Being only A short distance from the main communal reception & lounge..
Stourbridge town centre is only A short distance away.
Well presented & with re-fitted kitchen & bathroom with 'walk-in' bath.- Spicer Lodge is a Churchill Living development, completed in 2010.
It is situated on the corner of Enville Street & West Street. There are communal parking spaces and communal gardens with bench's.
There's a laundry room and a Guest Suite is available for your friends and family to stay in.
In addition, you are entitled to use of the Guest Suites at all Churchill Living developments across the country. There is a pedestrian crossing nearby taking you across the ring road into town.
Stourbrudge has an excellent high street with a Waitrose, Tescos Superstore and various eatieries. To The Front Communal gardens laid mainly to lawn with flower and shrub borders.
Inset pathway to entrance.
Communal Reception & Lounge Security intercom system gives access to entrance hall and further door into the communal lounge with tea and coffee making facilities and wardens office.
Communal Hallway Hallway leads to apartments and lift. Hallway Front door leads into hallway with security intercom system, large storage cupboard currently housing tumble dryer.
Doors to: Lounge Double glazed french doors to front elevation, heater, fireplace and door to; Kitchen Double glazed window to rear elevation, a range of wall and base units.
Work surfaces incorporating stainless steel sink unit and electric hob with extractor fan above. Electric oven, space for washer/dryer, dishwasher, fridge and freezer.
Bedroom Double glazed window to front elevation, heater, mirrored fitted wardrobes and further fitted wardrobes and bedroom furniture. Bathroom 'Walk-in' bath, wash hand basin and low flush wc.
Extractor fan, heater and towel rail heater. Lease Details 125 Years from 1st January 2010. Circa 109 years remaining. Ground rent; £430.49 payable every 6 months.
Service Charge; £1177.81 payable every 6 months. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 6, Spicer Lodge, Enville Street, Stourbridge
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