2-bedroom flat · LE11 5SE
For saleReduced £3k (−2.2%) on 7 OctListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented top floor apartment offering two double bedrooms and a spacious open plan living, dining and kitchen area.
The accommodation is well arranged and benefits from good natural light throughout, along with a practical layout suited to a range of buyers.
The property is offered to the market with no upward chain, making it an ideal purchase for both first-time buyers and investors alike.
Externally, there is the added advantage of off-street parking available for residents, along with a private external store for added practical storage.
Entrance: The properties front door is accessed via a hall area; there is a private store next to the main entrance door leading into the apartment.
Entrance Hall: A central hallway providing access to all accommodation, fitted with a radiator and intercom system.
Living / Dining Room: A well-proportioned open plan living and dining area with a front-facing double glazed window allowing for natural light.
The room is fitted with two radiators and offers a comfortable layout for both seating and dining, flowing through to the kitchen.
Kitchen: Accessed via an open archway from the living space, the kitchen is fitted with a range of wall and base units with rolled edge work surfaces.
Appliances include a Bosch electric oven and Bosch gas hob with extractor hood over, along with an integrated washing machine and space for a fridge/freezer.
Additional features include a tiled splashback, rear-facing double glazed window, radiator, recessed spotlights, and a cupboard housing the boiler.
Bedroom One: A double bedroom positioned to the rear elevation, featuring two built-in wardrobes, a radiator, fitted dressing table, and a double glazed window providing natural light.
Bedroom Two: A second double bedroom with a front-facing double glazed window and radiator.
Bathroom: Fitted with a three-piece suite comprising a close-coupled WC, pedestal wash hand basin, and panelled bath with mixer shower over and tiled surround.
The room also includes an extractor fan and radiator.
Location: Mendel Drive is positioned within a well-regarded residential area on the outskirts of Loughborough, offering a convenient balance of accessibility and everyday amenities.
A range of supermarkets, local shops and services are close by, while Loughborough town centre is just a short distance away, providing a wider selection of retail, dining and leisure options.
The area is well suited to commuters, with easy access to the A6, A512 and Junction 23 of the M1, as well as Loughborough Train Station offering direct links to Leicester, Nottingham and London St Pancras.
Regular bus routes also serve the area, and Loughborough University is within easy reach, further enhancing the appeal of the location. Viewings: Viewings are by appointment via Leaders Estate Agents.
To arrange a viewing or for further information, please contact us in the Loughborough or Quorn office.
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.
Area
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FAQ
About Flat 5, 6, Mendel Drive, Loughborough
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