1-bedroom flat · LE2 5AS
Listing removedReduced £10k (−8.3%) on 27 JunListed 210 days
Opportunity summary
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About
This delightful second floor retirement flat is part of a purpose-built McCarthy & Stone complex within walking distance of Oadby's main parade of shops, services and other amenities.
Although, on the second floor, there is lift access which opens very close to the front door of the apartment.
The home is offered with no upward chain and has been very well maintained and improved by the current owner including a refitted shower room.
As well as being close to the shops, the development is also close to Oadby's medical and leisure centres, a regularly serviced bus route.
The development also offers excellent communal facilities including a homeowner’s lounge where a variety of social events take place. There is also laundry facilities and a guest suite for visitors.
The apartment itself includes an entrance hall, off which is a large airing cupboard which provides useful storage space and accommodates the hot water boiler which will have undergone a recent service by the time of purchase.
The hallway then has doors through to the bedroom, shower room and living room. The main living room is spacious with ample room for a range of lounge, dining and display furniture.
The room is filled with plenty of natural light thanks to a large window to the rear elevation.
The main focal point of the room is an electric fire which sits into a feature fireplace with raised hearth. A set of doors from the living room open to the kitchen.
The kitchen is fitted to a high standard typically found in McCarthey & Stone developments.
It includes a range of base and wall-mounted fitted units with roll-edge work surfaces and a stainless-steel sink and drainer.
There is an integrated ceramic hob, built-in eye-level electric oven and integral fridge and freezer. The work surface provides space for a microwave, air fryer or slow cooker if desired.
The bedroom is a charming dual aspect double room with windows to both side and rear.
The bedroom benefits from a built-in double wardrobe with ample space for freestanding drawer units and bedside units.
Finally, there is a fully tiled refitted shower room, comprising a three-piece suite to include a large walk-in shower cubicle, low flush WC and wash hand basin that sits on top of a vanity unit.
To the outside there are neatly maintained communal gardens that all owners can enjoy. There is also resident parking that operates via a permit scheme with a usual fee of £250 per year.
For residents’ peace of mind, the development has camera door entry and 24-hour emergency call systems, should assistance be required.
The ground rent is £425 per annum and there is an annual service charge of approximately £2533 per year and includes the cleaning of communal windows, water rates for communal areas and apartments, electricity, heating, lighting and power to communal areas and the upkeep of gardens and grounds.
In addition, the charge includes repairs and maintenance to the interior and exterior communal areas, contingency fund including internal and external redecoration of communal areas, buildings insurance and the 24-hour emergency call system.
The term of the lease is 125 years from the 12th May 2011. This means there are 110 years remaining. Oadby is a suburb situated to the South of Leicester City centre.
With a number of high performing local schools Oadby has always been a highly sought after location.
It has a parade of local shops coffee houses and eateries and there is also a supermarket in close proximity.
Lying just off the A6 there are a number of excellent commuter links both in and out of the city an open countryside is never far away.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 49 Rowleys Court,, Sandhurst Street, Leicester
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