2-bedroom flat · NG34 8RE
Sold STCListed 956 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*attention investors* Sold with Tenant in Situ, this Two Double Bedroom is within close walking distance of Sleaford Town Centre and currently provide a rental yield of 6.7%.
Comprising, Lounge, Kitchen Diner, Two Double Bedrooms and Family Bathroom - the apartment is well presented by the current tenants. EPC rating: C. Hallway With Entrance Door and storage cupboard.
Lounge (3.96m x 3.14m (13'0" x 10'4")) With TV point, BT point, window to front aspect and radiator.
Kitchen Diner (3.96m x 2.64m (13'0" x 8'8")) Having a range of base and eye level units with work surface over, sink with mixer tap and drainer, space and plumbing for washing machine, integrated oven with 4 ring hob and extractor hood over, space for fridge freezer and window to side aspect.
Bedroom One (4.41m x 2.65m (14'6" x 8'8")) With window to rear aspect and radiator. Bedroom Two (4.41m x 3.14m (14'6" x 10'4")) With window to rear aspect and radiator.
Family Bathroom Three piece suite comprising panelled bath with mains fed shower over, pedestal hand wash basin, low level wc, extractor fan and radiator.
Agents Note We have been informed but our client that the annual service charge for this property is £1440.00 per year, the annual ground rent is £250.00 per year.
The leasehold currently has 990 years remaining. Agents Note These are draft particulars awaiting vendor approval.
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Financial Services As part of our continued commitment to providing the best advice to all our clients we work closely with Mortgage Advice Bureau & part of our guaranteed commitment to our vendors is to establish the financial position of any offer received on their home.
Whilst we offer free mortgage advice from any stage of the buying or selling process, we operate a mandatory qualification process on all offers prior to submission of any offer to our vendors.
The mortgage advice bureau is regulated by the financial ombudsman and operate on an independent basis within our premises at 4 Southgate, Sleaford, NG34 7RZ.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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 3, Block One, The Hedgerows, Sleaford
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