1-bedroom flat · WS11 1GA
Listing removedListed 365 days
Opportunity summary
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About
Ideally situated in a popular and CONVENIENT LOCATION close to the town centre, this one bedroom GROUND FLOOR FLAT offers an excellent opportunity for first time buyers, downsizers and investors Ideally situated in a popular and convenient location close to the town centre, this one bedroom ground floor flat offers an excellent opportunity for first time buyers, downsizers and investors.
Benefitting from off road parking, this home combines easy living with everyday convenience, all within walking distance of local shops, transport links and amenities.
As a ground-floor, un-adjoining corner apartment, the property further benefits from excellent natural light in the lounge and easy secondary access beyond the main secure entrance.
Briefly comprising is the hallway, lounge, kitchen, bedroom and the shower room. Communal Hallway Entered through a double glazed door which lead to the front door of the flat.
Hallway Entered through a wooden fire door, with radiator, light point, two storage cupboards and doors leading to the bedroom, bathroom, kitchen and lounge.
Lounge 3.4m x 3.7m (11' 2" x 12' 2") Having double glazed UPVC window, radiator and light point.
Kitchen 3.42m x 1.67m (11' 3" x 5' 6") Fitted with a range of base, wall and drawer units with space for appliances, gas oven with electric hob and extractor fan over, light point, part tiled walls, stainless steel sink with drainer and mixer tap, radiator, gas fired boiler and double glazed UPVC window.
Bedroom 2.7m x 3.08m (8' 10" x 10' 1") Having double glazed UPVC window, radiator, light point and fitted wardrobe with sliding doors.
Shower Room 2.31m x 1.32m (7' 7" x 4' 4") Having shower cubicle with sliding and mains fitted shower, pedestal wash hand basin, WC, fully tiled walls, tiled floor, radiator and light point.
Outside Allocated parking to the front of the apartment. Lease 999 year lease from 1 November 1994. Service Charge £820 pa which is paid in 2 instalments.
6 Months in Jan and 6 months in July. Further details in this respect will be verified by the Vendors legal advisers during pre-contract enquiries.
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 Old Penkridge Mews, New Penkridge Road, Cannock, Staffordshire, WS11
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