2-bedroom flat · PE12 7JQ
For saleListed 80 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor two bed apartment which owns the Freehold of the block with gas fired central heating and double glazing with allocated parking and private garden area.
Property subject to 125 year lease which commenced 01.04.1991. This is a leasehold property. Call us anytime to book your viewing .
Entrance Hall Vinyl floor covering, coving to textured ceiling, door to: Master Bedroom 3.58m (11'9") x 2.88m (9'5") PVCu double glazed window to rear, radiator, coving to textured ceiling.
Bedroom 2 4.01m (13'2") x 2.35m (7'9") Radiator, PVCu double glazed French door to patio area, coving to textured ceiling.
Kitchen 2.33m (7'8") x 2.30m (7'7") Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit with single drainer, wall mounted gas boiler serving heating system and domestic hot water, plumbing for automatic washing machine, space for fridge, fitted electric fan assisted oven, built-in four ring hob, PVCu double glazed window to side, vinyl floor covering, coving to textured ceiling.
Lounge/Diner 3.82m (12'6") x 3.35m (11') PVCu double glazed window to side, PVCu double glazed window to front, radiator, laminate flooring, telephone point, TV point, coving to textured ceiling, light with ceiling fan.
Family Bathroom Fitted with three piece suite comprising deep panelled bath with independent electric shower over, pedestal wash hand basin and close coupled WC, fully ceramic tiled walls, extractor fan, PVCu double glazed window to side, storage cupboard with shelving, radiator.
Outside There is one allocated parking space, gate leading to the enclosed low maintenance rear garden paved, outside light.
Directions Leave our Church Street office and take the far right over the traffic lights on to Park Road, take the right turn on to Park Lane, follow this road on to The Hollies where the property can be located on the left hand side.
For the purpose of satelitte naviation, the property postal code is: PE12 7JQ. Agents Notes: Property subject to 125 year lease which commenced 01.04.1991.
There is also the option to purchase the next flat in the block please see separate listing. Rental yield is currently £6,300 per annum. This could be £7,800 pa with the monthly rental at £650.00 pcm.
Council Tax A - £1,449.88 - South Holland District Council.
EPC - D Agents Notes: Any buyer wishing to purchase a property will be required to complete a digital identification check and source of funds.
This will incur an upfront fee of £46.80 (£39 + VAT) per applicant once an offer has been accepted. This is our company policy for aml (Anti Money Laundering regulations) as requested by hmrc.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller.
The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Hollies (Sale only), Holbeach
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