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See how verdicts workStudio flat · FY5 1PU
Sold STCListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** NO ONWARD CHAIN ** A studio apartment located in the popular seafront development of Norkeed Court, Cleveleys, offering convenient access to local amenities, shops, public transport links, and the promenade.
The accommodation briefly comprises an entrance hallway, spacious lounge/bedroom area, fitted kitchen, and bathroom. An ideal purchase for investors.
CALL TO VIEW ENTRANCE Entrance door to the rear aspect leading into hallway.
LOUNGE/BEDROOM 16'7' x 11'2' (5.06m x 3.39m) UPVC Double glazed window to the front aspect, storage cupboard, electric heater, doors opening into kitchen; KITCHEN 7'10' x 7'6' (2.40m x 2.28m) UPVC Double glazed window to the rear aspect, fitted kitchen comprising a range of wall and base units with work surfaces, sink and drainer with mixer tap, plumbing for washing machine, space for electric cooker BATHROOM 5'6' x 4'6' (1.67m x 1.38m) Three piece suite comprising; panelled bath, pedestal wash hand basin, low flush W.C.
EXTERNAL Surrounding gardens and communal parking to the rear.
TENURE We have been informed that the property is Leasehold; prospective purchasers should seek clarification of this from their solicitors.
VIEWINGS Viewings are strictly by appointment through the agents office. All measurements are approximate and for illustrative purposes only.
Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property.
We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis.
Prospective purchasers are advised to seek expert advice where appropriate.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Norkeed Court, 462 Queens Promenade, Cleveleys, FY5
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