2-bedroom house · CM2 6JQ
Listing removedListed 268 days
Opportunity summary
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About
GREAT PRICE FOR QUICK SALE - NO ONWARD CHAIN! - TWO BEDROOM GROUND FLOOR retirement apartment in this most convenient complex on the fringe of the City Centre.
It has the benefits of a re-fitted kitchen, re-fitted shower room, replacement PVCU double glazed windows and the further advantage of an EXTENDED LEASE.
Balmoral Court is situated in Springfield Road on the fringe of the City Centre just minutes walking distance of the High Street and Tesco supermarket.
This complex is for males aged 65 or over and females aged 60 or over. It comprises 33 one bedroom flats and 13 two bedroom flats with its landscaped gardens and private car park.
The complex has its own House Manager and each apartment is equipped with emergency pull cords which are operational 24 hours a day.
COMMUNAL HALLWAYS Front entrance door to: ENTRANCE HALL A good size hallway with night storage heater, built in double cupboard, doors giving access to: LOUNGE Night storage heater, PVCU double glazed window, coved ceiling.
KITCHEN Refitted in more recent years with an attractive range of modern units comprising inset Blanco sink unit with mixer tap, working surface with drawers and cupboards under, space for slimline cooker, washing machine and fridge freezer, tiling over worktops, eye level cupboards, cooker hood, PVCU double glazed window, coved ceiling.
BEDROOM ONE CLEAR FLOOR SPACE. Wall mounted electric panel heater, built in mirror fronted wardrobe cupboards, PVCU double glazed window, coved ceiling.
BEDROOM TWO Laminate flooring, PVCU double glazed window to front, coved ceiling.
SHOWER ROOM Again re-fitted in more recent years with a white suite comprising vanity wash hand basin with mixer tap, low level w.c.
with concealed cistern, large shower cubicle with recently fitted Triton shower unit with grab rails, heated towel warmer, fully tiled walls, extractor fan, coved ceiling.
NOTE A Smart meter has been fitted and all carpets, blinds and curtains will remain, some of which have been recently installed.
EXTERIOR There are communal grounds at the rear of the block as well as communal private parking areas. NOTE The property can be sold pretty much as is with all the furniture etc if a buyer wishes.
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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