2-bedroom property · GL18 1EU
Listing removedListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A TWO BEDROOM GROUND FLOOR RETIREMENT APARTMENT (for the OVER 55'S) situated in the heart of NEWENT TOWN CENTRE, benefiting from OFF ROAD PARKING and COMMUNAL AREAS.
THE PROPERTY IS OFFERED WITH NO ONWARD CHAIN AND IN EXCELLENT DECORATIVE ORDER.
Communal Hallway - Door into: Entrance Hall - Single radiator, power points, panic alarm pull cord, thermostat controls, large storage cupboard, cupboard housing the ideal gas fired central heating and domestic hot water boiler.
Door into: Lounge/Dining Room - 5.64m x 3.94m (18'06 x 12'11) - Power points, TV point, network point, panic alarm pull cord, front aspect window.
Door into: Kitchen - 3.35m x 1.83m (11'00 x 6'00) - Range of base and wall mounted units, under cabinet lighting, laminated worktops and splashbacks, integrated tall fridge freezer, integrated CDA double oven with four ring induction hob with stainless steel splashback and extractor fan, one and a half bowl stainless steel sink unit with mixer tap over, plumbing for washing machine, BOSCH washer dryer, inset ceiling spotlights, panic alarm pull cord, pantry cupboard with shelving.
Bedroom 1 - 5.26m x 2.92m (17'03 x 9'07) - Built in triple wardrobe, telephone point, radiator, TV point, panic alarm pull cord, large front aspect window.
Bedroom 2 - 2.97m x 1.88m (9'09 x 6'02) - power points, single radiator, front aspect window.
Shower Room - 2.44m x 2.21m (8'62 x 7'03) - Double shower cubicle accessed via a sliding glazed screen with overhead detachable hand shower, wash hand basin with mixer tap, WC, tiled splashbacks, chrome heated towel rail, extractor fan, panic alarm pull cord.
Outside - The property is accessed via private gated access to the car park designated for the building.
The property benefits from having access to the lounge/gathering area with tea and coffee making facilities and communal gardens. Agents Note - Service charge - £1640.78 every 6 months.
Ground rent - £275 every 6 months. Mobile Phone Coverage/Broadband Availability - It is down to each individual purchaser to make their own enquiries.
However, we have provided a useful link via Rightmove and Zoopla to assist you with the latest information.
In Rightmove, this information can be found under the brochures section, see "Property and Area Information" link.
In Zoopla, this information can be found via the Additional Links section, see "Property and Area Information" link. Services - Mains water, mains electric, mains drainage, mains gas.
Water Rates - To be advised. Local Authority - Council Tax Band: B Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.
Tenure - Leasehold - 125 Years from 2008 - 107 years remaining.
Viewings - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required.
Office Opening Hours 8.30am - 7.00pm Monday to Friday, 9.00am - 5.30pm Saturday.
Directions - From our Newent office, proceed along the High Street, onto Broad Street, where the property can be found on the right hand side.
Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys)
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
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FAQ
About Stokes Mews, Newent
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