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See how verdicts work2-bedroom flat · TS20 2BF
Listing removedListed 229 days
Opportunity summary
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About
Flat 12, Rose Court, 1 Ware Street, Stockton-on-Tees, TS20 2BF Price: OIEO £20,000 — cash buyers only Type: 2-bed flat, second floor, approx.
592 sq ft / 55 m², EPC B A bright two-bedroom second-floor apartment in Rose Court, close to Norton Road. Electric-only (storage heating; no mains gas).
Long lease with approximately 243 years unexpired. Heavily reduced to reflect current issues in the communal areas (see facts). Available with vacant possession per seller.
Buying position and process Cash buyers only. The property will not be removed from the market until (a) exchange of contracts or (b) a Gazeal reservation is entered into.
Buyer Info Pack: c63eb 5 ———————————— Key facts and documents (for buyers and solicitors) Identity, tenure and layout Address and title: Flat 12, Rose Court, 1 Ware Street, TS20 2BF.
Leasehold title CE242274. Land Registry notes second floor; lease dated 16 May 2019 for 250 years from 1 Jan 2019. Floor area: Approx 55 m² (EPC).
Accommodation: 2 bedrooms, kitchen, lounge, family bathroom. Energy and services EPC: B 83 (potential B 85). Assessed 02–03 Oct 2018. Electric storage heaters; no mains gas.
Electrical safety: EICR dated 01/02/2021 recorded UNSATISFACTORY with C2 items; seller provides remedial invoice 16/02/2021 for follow-up works.
Building safety, cladding and FRA (seller statements) No FRA on the block. No EWS1; seller states the building is only 3 storeys.
Note: these are seller statements; buyers should confirm with the managing agent/freeholder.
Communal area Communal areas currently in very poor condition due to nuisance by one occupier elsewhere in the block (drug use and sleeping in common parts). Carpets removed; weekly cleans ongoing.
Police involvement reported. Block management/leaseholders reported to be pursuing legal steps against the relevant leaseholder.
Buyers should verify status, planned works and costs with Principle Estate Management. Pricing reflects this position.
Ground rent and service charge Ground rent: £200 per annum, payable 1 January and 1 July.
Reviews every 10 years to RPI with a minimum 2% per annum compounded over the period; first review due 01/01/2029.
Service charge accounts (block): Year ended 31/12/2022 show a surplus of £1,822.66; accounts approved 28/07/2025 after factual findings by Bennett Whitehouse.
Management changed from Orchard Properties (WR) Ltd to Principle Estate Management LLP on 30/11/2024.
Flat 12 account balance: Statement dated 29/07/2025 shows £1,937.65 outstanding, incorporating a balancing credit of £130.19 for YE 2022. Buyers to agree apportionment/clearance on completion.
Parking and occupancy Parking: seller form indicates private parking related to the flat next to the building. Buyers should verify allocation and any demised bay on the plan.
Vacant possession: seller intends to sell with vacant possession. Contractual marketing notes Cash buyers only.
Property will not be taken off the market until exchange or a Gazeal agreement is in place. Price reflects current communal-area condition..
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
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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 1, Ware Street, Stockton-On-Tees
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