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See how verdicts work2-bedroom flat · TS15 9BT
Sold STCListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with the advantage of NO ONWARD CHAIN, this characterful first floor leasehold apartment forms part of a building that was formerly used in the manufacture and supply of milling machinery, providing a unique blend of local heritage and modern living.
The building comprises just six apartments and enjoys a prominent position to the rear of the High Street, making it an ideal purchase for those seeking convenient access to a wide range of shops, cafés, restaurants and everyday amenities, all within a short strolling distance.
The accommodation briefly comprises an entrance hall, a spacious 26ft lounge offering excellent living and dining space, fitted kitchen, two bedrooms and a shower room.
The property is heated via night storage heaters. Externally, residents benefit from a private car park with parking available for residents and a small lawned communal garden.
Furniture can be included if required.
An excellent opportunity for first-time buyers, those looking to downsize, or buy-to-let investors seeking a property with strong rental appeal in a convenient central location.
Early viewing is recommended.
Hallway - Lounge/Dining Room - 8.05m x 3.12m (26'5" x 10'3") - Kitchen - 3.99m x 1.68m (13'1" x 5'6") - Bedroom One - 4.75m x 3.23m (15'7" x 10'7") - Bedroom Two - 2.67m x 2.16m (8'9" x 7'1") - Shower Room - 2.26m x 1.70m (7'5" x 5'7") - Aml Procedure - To comply with anti-money laundering regulations (AML) all estate agents must be registered with HMRC.
Gowland White complies with this legislation by using an online AML risk assessment company, approved by the UK Government. Please note that all buyers are charged a fee of £36.00 (inc.
VAT), for each buyer, to cover this process. These fees are payable before we can progress an agreed sale. Tenure - We are verbally advised by our Vendor that the property is leasehold.
The leaseholders of all six flats are members of the management company, which collectively owns the freehold interest in the building.
Accordingly, the owner of the flat benefits from a share of the freehold through their membership of the management company.
We are further advised that a monthly service charge of £100 is payable to the management company by each leaseholder.
Prospective purchasers are advised to verify all tenure and management details through their legal representative.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Hauxwells Building, West Street, Yarm TS15 9BT
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