2-bedroom flat · SR7 0HL
Sold STCListed 713 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We have pleasure in offering for this sale this Two Bedroom Upper Floor Flat.
The interior layout includes a communal entry system with stairs leading to the upper floor, an entrance door, a hallway equipped with an intercom entry system, lounge with French doors opening to a 'Juliet Balcony, fitted kitchen, a spacious bathroom, and generously sized bedrooms.
Additional advantages of this property include electric heating and double-glazed windows for added comfort. To top it off, there's also an allocated parking bay available.
We highly recommend scheduling an early viewing.
Entrance Hall - with entrance door and built in storage cupboard Lounge - 4.5 m x 4.7m (max) - with double glazed windows and French doors Kitchen - 2.4m x 2.2m - with wall and base units with contrasting worktops, electric hob, electric oven, tiled splash backs and stainless steel sink unit Bathroom - 2.6m x 1.6m having panel bath, stand alone shower, w.c., heated towel rail and wash hand basin Bedroom 1 - 2.8m x 5.3m - with double glazed window Bedroom 2 - 4.6m x 2.9m - with double glazed window Disclaimer - MATERIAL INFO - TENURE - We are advised by the vendor that the property Leasehold.
Lease was for 125 years when built in 2005. We are advised the ground rent is £231.00 PA.
There is a yearly Maintenance Charge of around £1369 that includes general maintenance of communal areas and buildings insurance.
This information has been provided by the vendor and has not been verified. We have not inspected the Title Deeds and nor have we had solicitor confirmation.
MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
WATER METER – Yes PARKING ARRANGEMENTS - Allocated Parking BROADBAND SPEED -The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > ELECTRIC CAR CHARGER – No MOBILE PHONE SIGNAL -No known issues at the property .
Northeast of England – Mining Area We operate in an ex-mining area. This property may have been built on an ex-mining site.
Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at this point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer. Please contact us for a full list of information.
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.
Area
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