2-bedroom flat · PE10 0QB
Listing removedListed 487 days
Opportunity summary
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About
AGENTS NOTE This ground floor apartment benefits from a long remaining lease of approximately 105 years. The annual charges are £1080 for the service charge and £125 for ground rent.
The only other charge is for the Elsea Park community trust fund which is approximately £300 per year. Accommodation Main entrance door to communal hallway.
Front door on Ground Floor leading into Entrance Hallway: Wall mounted electric heater, door entrance telephone.
Bedroom 1 11' 3" x 10' 10" (3.43m x 3.30m) TV point, telephone point, wall mounted electric heater, built in wardrobe., window to rear.
Ensuite Shower Room Corner shower cubicle with curved glass doors, pedestal wash hand basin, low level WC with concealed flush, splash back tiling, white heated ladder towel rail, vinyl flooring, extractor fan, electric shaver point, inset ceiling spot lights.
Car Park At the rear of this ground floor apartment there is a car park with an allocated parking space and rear access to the apartments.
Lounge/Diner 23' 6" x 8' 4" (7.16m x 2.54m) TV point, telephone point, wall mounted electric heater, two windows to front. Open through to Kitchen.
Kitchen 7' 4" x 8' 6" (2.24m x 2.59m) Wall mounted and floor standing cream fronted cupboards, complimentary fitted worktops and splash back tiling, inset stainless steel sink and drainer with mixer taps, four ring ceramic hob with extractor fan over, electric oven, space for fridge/freezer, space and plumbing under worktop for automatic washing machine, inset ceiling spot lights, vinyl flooring.
Bedroom 2 6' 11" x 9' 1" (2.11m x 2.77m) 6' 11" x 9' 1" (2.11m x 2.77m) Telephone point, wall mounted electric heater, window to rear.
Bathroom Panelled bath with mixer shower attachment, low level WC with concealed flush, pedestal wash hand basin, splash back tiling, vinyl flooring, white heated ladder towel rail, electric shaver point, extractor fan, inset ceiling spot lights.
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.
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