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See how verdicts work2-bedroom flat · WS13 6FL
Likely sold STCReduced £5.5k (−2.2%) on 3 AugListed 279 days
Opportunity summary
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About
Please Quote Ref; JK1493 One of the best locations in the centre of the Cathedral City of Lichfield - Welcome to The Old Picture House.
This stunning apartment sits within a beautiful building, rich with history, originally the Art Deco Regal Cinema dating back to the 1930s.
After a variety of transformations, this iconic cultural landmark began conversion in 2018 to the apartments we know today.
Located on Tamworth Street in central Lichfield, this luxury apartment is within close reach of an almost limitless supply of sought after amenities, including various bakeries, pubs, pharmacies, post office, florists, fitness studios, computer shops, clothing stores, art galleries, vintage/second-hand stores and more.
Many of which, people all over the West Midlands and beyond travel to see.
This location also benefits from being within walking distance of transport links, including bus services and Lichfield City Station, which connects to Lichfield Trent Valley, London, Birmingham, and Tamworth.
Internally you are greeted with extremely well-maintained communal hallways and stairs, also featuring lift access.
All entrances to the building are highly secure, including the gated parking area underneath the building, where Apartment 4 has an allocated parking space, and also features the buildings main bin store area.
Apartment 4 is situated on the first floor of this development, conveniently near the rear staircase and lift at the back of the building.
The apartment itself features a surprisingly spacious ‘L shaped’ entrance hallway, allowing ample furniture space plus two store cupboards.
The main hub of the apartment is the open plan kitchen/diner/living area, of which the current owners have organised and created a variety of different layouts over the years.
This space is ideal for a social setting, with ample dining and leisure space, featuring a balcony through sliding doors with pleasant views.
One of the main reasons the current owners purchased this property was because of the natural light flowing into the apartment, especially in the main kitchen/diner area.
There are two double bedrooms in this apartment, both a fantastic size with versatile usage.
The current owners again have had various different uses for these rooms too, including turning the second bedroom into a dressing room/study, and even the main bedroom into a separate reception room off the kitchen.
The possibilities are endless! Off the hallway is a modern fitted shower room, immaculately kept, with an attractive walk-in shower, wash hand basin, and W.C.
It is understood by the agent that this property is leasehold, and the lease term is 250 years from 1st January 2020.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Apartment 4, The Old Picture House, Tamworth Street, Lichfield, WS13 6FL
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