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See how verdicts work1-bedroom flat · NN9 5DW
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no upward chain is this very spacious one bedroomed ground floor apartment situated off Obelisk Road in the popular town of Finedon with features to include communal off road parking, communal gardens with benefits to include gas radiator central heating, uPVC double glazing, refitted kitchen with a wide range of integrated appliances, refitted bathroom and recently replaced flooring.
Please note there are 107 years remaining on the lease with maintenance charges of £234.41 per annum and £320.61 annual buildings insurance.
Entry via communal hallway, further part glazed door through to: Entrance Hall Radiator, vinyl flooring, generous sized cupboard with work surface providing space for potential study area.
Lounge 16' 3" max narrowing to 14' 6" x 13' 1" narrowing to 11' 4" (4.95m x 3.99m) Door and window to rear aspect through to communal garden, two radiators, vinyl flooring, TV point, further storage cupboard, through to: Kitchen 11' 9" x 7' 0" (3.58m x 2.13m) Refitted to comprise ceramic inset single drainer sink unit with mixer tap over and cupboard under, a further range of eye and base level units providing work surfaces, built in stainless steel double oven, four ring electric hob, extractor over, tiled splash backs, built in washing machine, fridge/freezer, dishwasher, concealed wall mounted gas boiler serving domestic hot water and central heating systems, vinyl flooring, radiator, window to rear aspect, Bedroom 13' 4" narrowing to 9' 8" x 10' 8" (4.06m x 3.25m) Window to front aspect, radiator, vinyl flooring, wall mounted air purifier.
Bathroom Refitted to comprise low flush W.C, pedestal hand wash basin, panelled bath with shower attachment over, tiled splash backs, fully tiled walls, chrome towel rail, vinyl flooring, mirror with light over, spotlights to ceiling with ceiling mounted extractor.
Outside Front and rear communal gardens with communal off road parking. Material Information The tenure of this property is leasehold, there is approx 106 years left on the lease.
There is an annual service charge of £234.41. There is a separate annual buildings insurance charge of £320.61.
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
Agent & docs
FAQ
About Obelisk Road, Finedon
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