1-bedroom flat · SG17 5RA
Listing removedListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with a lease extension to be completed during the conveyancing process, this recently redecorated second-floor one-bedroom flat is an ideal first-time purchase and benefits from parking Entrance Hall Intercom security system.
Storage cupboard with shelving. Doors into all rooms Living Room/Kitchen 20' 7" x 11' 8" (6.27m x 3.56m) Double glazed walk in bay window to side. Electric radiator.
A range of wall & base units with roll edge worksurfaces over. Inset stainless steel sink & drainer unit with swan neck mixer tap over. Space for electric cooker.
Space & plumbing for washing machine. Space for under counter fridge. Double glazed window to side. Wood effect flooring. Bedroom 10' 8" x 8' 0" (3.25m x 2.44m) Double glazed window to side.
Double built in wardrobe with sliding doors. Electric heater. Bathroom Suite comprising panel enclosed bath with main shower over & telephone attachment. Low level WC, pedestal wash hand basin.
Tiled splashbacks. Extractor fan. Electric fan heater. Ceramic tiled flooring. Communal Garden Area Laid to lawn providing access to parking.
Parking Various communal parking spaces Agents Note The vendor informs us there is a 63yr lease.
Service charge payments of approx £1,000 pcm or £90 per month We would advise any potential buyer to check this information with their legal representative prior to exchange of contracts.
Preliminary details - not yet approved and may be subject to changes
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
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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 97, Elgar Drive, Shefford
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