2-bedroom bungalow · PO31 8RF
Listing removedListed 118 days
Opportunity summary
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About
Bright and airy two bedroom chalet in a convenient site position close to the cafe and local shop. Two bedrooms; attractive fitted kitchen and sunny front patio. Offered Chain free.
Council Tax Band - A. EPC D-59. Current Annual Ground Rent £2,732.17. Current Annual Service Charge £1,085.54. STRICTLY NO DOGS ON SITE.
Located in a bright and sunny position on the Gurnard Pines site, this chalet is warmed by gas central heating and has UPVC double glazing.
It is well presented throughout, with modern decor and comprises an open plan living area incorporating the stylish kitchen/dining and sitting room as well as two bedrooms and bathroom.
The site itself has large communal green areas, as well as a Spar shop; gymnasium and class studio (requiring a membership). Leasehold - lease length 99 years from 1/10/2000. Council Tax Band - A.
EPC D-59. Current annual ground rent £2,732.17 Current annual service charge £1,085.54 PLEASE NOTE THAT DOGS ARE NOT ALLOWED ON THE SITE.
Upvc Double Glazed Front Entrance Door Into: - Living Area: - 5.00 max x 4.35 max (16'4" max x 14'3" max) - An open plan living room which incorporates the living/dining and kitchen areas.
Windows and door to front. The kitchen is fitted with a stylish range of units glossy grey fronted units with white sparkle worktops which extend to a breakfast bar along one side.
Cooker; washing machine and dishwasher. Door to: Inner Lobby: - With doors to: Bedroom One: - 3.36 x 2.46 (11'0" x 8'0") - A double bedroom room in grey colours with window to rear.
Bedroom Two: - 2.46 x 2.42 (8'0" x 7'11") - A smaller double room in aqua decor colours with window to rear.
Bathroom: - 1.83 max x 1.54 max (6'0" max x 5'0" max) - Fitted with white suite with WC; vanity wash hand basin and bath with mixer tap/shower attachment over. White tiling and dark green decor.
Window to side. Communal Areas: - Gurnard Pines is set within large communal green areas and has an on site Spar shop as well as gymnasium and pool - which can be used subject to a membership fee.
There is also a new outdoor roller rink.
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 Gurnard Pines, Gurnard
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