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See how verdicts work2-bedroom flat · BA14 8FT
Listing removedListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Found on the ground floor of this prestigious McCarthy Stone development, this stunning property has direct access to the patio area and gorgeous communal grounds.
There are two generous double bedrooms with a master ensuite and a large walk in wardrobe. Permit parking is available in the gated car park.
McCarthy Stone are market leaders in retirement properties and this ground floor apartment proudly demonstrates this.
A fantastic home for the over 60's, Applegate House is found a short walk from the town centre and features a 24 hour video security system, handy man service and house manager 5 days a week.
The communal areas include an impressive homeowners lounge with kitchenette and WC, large manicured garden and mobility scooter parking.
Parking permits for the gated car park are available at £250 per year. A lift provides easy access to each floor and a guest suite is available to visitors for £25 per night.
Being a ground floor property, this apartment has a door onto its own south-westerly facing patio area which leads directly onto the beautiful communal grounds.
The lounge-diner opens to the modern kitchen which features a south facing window ensuring lots of light.
Both bedrooms are good sized double rooms although bedroom one is particularly impressive with a walk in wardrobe and ensuite.
As well as underfloor heating, the property has the added benefit of an air purification system that also serves as a dehumidifier. The property is leasehold with a 999 year lease from 2018.
The annual Ground Rent is £495 and there is a Service Charge of £330.00 per month to include buildings insurance, maintenance of the building, window cleaning, house manager, water rates and use of the laundry facilities.
We have been informed there is also a contingency fee payable on resale at 1% of the sale price. Trowbridge is the county town of Wiltshire found close to the western border with Somerset.
On the fringe of the town centre, you find Trowbridge Town Park, a large open space with a host of activities, tree lined paths and a riverside walk to Biss Meadows Country Park.
St Stephens Place provides several dining options along with a multi-screen cinema complex.
There are a wide variety of historic buildings around the town along with a selection of beautiful walks nearby, including the Kennet and Avon Canal and Southwick Country Park.
The town has superb transport links with Trowbridge station providing access to London as well as a short ride to the world heritage city of Bath.
The A350 passes the fringe of the town, leading to the M4 via Chippenham and the A303 and A36 to the south.
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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FAQ
About 10, Applegate House, Wiltshire
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