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See how verdicts work1-bedroom bungalow · LE8 5PU
For saleReduced £5k (−2.9%) on 8 OctListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a popular and established area of Countesthorpe, this one-bedroom bungalow offers an excellent opportunity for those looking to put their own stamp on a home.
With well-proportioned accommodation, an allocated parking space and a private rear garden, the property has no upward chain and is ready for its next chapter.
Step inside through the handy porch and you’ll find a comfortable living room with a feature fireplace and plenty of space for both seating and furniture.
The kitchen offers a good range of fitted units and worktop space, sink drainer and room for appliances.
There is space to dine and the is a generous window allows plenty of natural light into the room.
The bedroom is a good-sized double, benefiting from built-in double wardrobe, while the shower room is fitted with a white suite including a pedestal wash basin, WC and enclosed shower.
Outside, the rear garden provides a private outdoor space with established planting, mature shrubs and a paved patio area.
There is also a useful brick-built store/outbuilding, while the garden itself offers plenty of scope for a keen gardener to transform and personalise.
Although the property would benefit from some updating and improvement, it provides a fantastic blank canvas and could make a lovely home for a buyer wanting to create something to their own taste.
Completing the package is an allocated parking space, while the bungalow’s position within the popular village of Countesthorpe places local amenities and everyday conveniences within easy reach.
Porch (1.40m x 0.84m (4'07 x 2'09)) Living Room (4.67m x 3.25m (15'04 x 10'08)) Breakfast Kitchen (3.23m x 3.25m (10'07 x 10'08)) Bedroom (3.53m x 2.74m (11'07 x 9)) Shower Room (2.18m x 1.73m (7'02 x 5'08))
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
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FAQ
About 15, Shetland Way, Leicester
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