2-bedroom flat · DY12 2QB
Under offerReduced £2k (−1.6%) on 5 AugListed 677 days
Opportunity summary
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About
Detailed Description Bagleys are pleased to present this neat two bedroom first floor flat which is ideally situated for both access to the town and the countryside.
The property benefits from allocated parking, kitchen, living room, two bedroom, bathroom and balcony. Extended lease. No Service Charges. No upwards chain. EPC C76.
Approach: Approached via an external staircase at the side of the building, a balcony walkway leads along to provide access to the front door, which in turn opens to the kitchen.
Kitchen: 10'1" x 5'7" (3.07m x 1.70m) , Fitted with a range of wall and base units with roll top work surfaces incorporating a stainless steel sink unit with mixer tap, built in oven and hob with extractor above and space for a washing machine, tumble drier and under-counter fridge and freezer.
Double glazed window to the front elevation, ceiling light point and door to the living room.
Living Room: 14'4" x 11'1" (4.37m x 3.38m) , Double glazed window to the front elevation, radiator, laminate flooring, ceiling light point and door to inner hallway.
Inner Hallway: Ceiling light point and doors off to the shower room and both bedrooms.
Bedroom One: 13'10" x 7'10" (4.22m x 2.39m) , Double glazed window to the rear elevation, radiator and a ceiling light point.
Bedroom Two: 8'11" x 8'1" (2.72m x 2.46m) , Double glazed window to the rear elevation, radiator and a ceiling light point.
Shower Room: Fitted with a suite comprising a walk in shower cubicle, low flush WC and wash basin.
Chrome radiator towel rail, tiled floor, extractor fan, boiler cupboard, loft access hatch and a ceiling light point.
Externally: The front balcony provides an outside seating area which enjoys elevated views over the rooftops and towards the Wyre Forest.
There is a resident's car parking space access via Dry Mill Lane Leasehold Information: We have been advised the 2024 costs to be as follows: Ground rent: £25 per annum Building Insurance: £350 per annum Lease 125 years from 01/01/2019 expiring in 2143 No service charge is payable
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
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FAQ
About 35a, The Lakes Road, Bewdley
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