1-bedroom flat · WD6 2DQ
Sold STCReduced £24.9k (−13.9%) on 20 JunListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground-floor, double-bedroom flat is located in the exclusive Fairbanks Lodge retirement development, designed for the over 60s with warden-controlled assistance.
The apartment includes a spacious double bedroom with fitted wardrobes, a large lounge, and a kitchen with built-in oven, electric hob, space for a fridge/freezer, and plumbing for a washing machine.
The shower room features a walk-in shower with a handrail, WC, and wash hand basin with a vanity unit. There's also a useful storage cupboard in the hallway.
Residents benefit from a range of communal facilities, including a large lounge with kitchen, hobby room, laundry room and One allocated parking space is included, with ample visitor parking.
The development offers additional amenities such as an on-site Lodge Manager, emergency Careline system, secure video entry, and regular events in the Owners' Lounge.
There is also a Guest Suite for family and friends, and residents.
Fairbanks Lodge is ideally located just a 5-minute walk from Borehamwood’s High Street and shopping centre, with excellent transport links to London and nearby motorways.
With 24-hour Careline monitoring, intruder alarms, and fire and smoke detection systems, the development ensures safety, security, and peace of mind.
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.
Area
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FAQ
About 1, Fairbanks Lodge, Borehamwood
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