1-bedroom flat · LE18 4PQ
Listing removedListed 125 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Aston & Co are delighted to offer to the market this stunning conversion of the former Grand Hotel located on Canal Street in South Wigston, The property of offer is finished to an extremely high specification for anyone looking for contemporary accommodation.
The property is located on the ground floor and is accessed via communal entrance. The apartment benefits from gas central heating and double glazing.
The accommodation also offers an open plan living kitchen with electric stainless steel oven, integrated dishwasher and fridge and freezer, exposed brick wall with up and down lighters and a contemporary three piece bathroom suite.
To the outside of the property is an allocated car parking space. Internal viewing is essential to truly appreciate the property on offer!
Viewing Arrangements - Please note, as part of the process and services to our landlord, all prospected tenants must view the property before submitting an application.
For your application to be considered by the landlord, all adults must fill out one of our application forms following on from the viewing with one of our agents.
Tenancy Information - Price : £825.00 - Holding Deposit: £190.00 (equivalent to one weeks rent) - Deposit : £951.00 (including the holding deposit)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Flat 8, The Grand Hotel, Canal Street, South Wigston
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