2-bedroom bungalow · LE10 0JA
For saleReduced £12k (−8%) on 21 JunListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented and much improved park home offers a delightful retreat for those aged 55 and over.
The accommodation enjoys entrance vestibule to side leading into lovely kitchen, inner hall, attractive and spacious lounge/dining room, two good sized bedrooms, a shower room.
Outside property has ample off road parking and a large wrap around mature garden.
Council Tax Band & Tenure Living Room (3.43m x 6.02m (11'3 x 19'9)) With upvc double glazed front door with further double glazed windows to front and side elevation, open living and dining area, two double panel central heating radiators, fireplace with surround, tv ariel point, fiited storage cabinet, carpeted.
Entrance Vestibule With upvc double glazed front door to front elevation and double glazed windows, inner door leading into kitchen.
Inner Hallway Freshly carpeted leading to all rooms in the property, airing cupboard with shelving.
Kitchen (3.38m x 2.95m (11'1 x 9'8)) With contemporary fitted units including base units and drawers with fitted wall units, side door leading to outer porch, upvc double glazed window to side elevation, electric cooker with extractor hood, full tile splashback surround, appliance space for fridge freezer, plumbing for washing machine and further undercounter appliance space, double panel central heating radiator, wood effect laminate flooring.
Bedroom One (3.18m x 2.95m (10'5 x 9'8)) With double glazed upvc French doors to rear elevation and frosted double glazed upvc window to side elevation, two fitted double wardrobes, double panel central heating radiator, carpeted.
Bedroom Two (3.68m x 2.95m (12'1 x 9'8)) With upvc double glazed window to side elevation, double panel central heating radiator, carpeted.
Bathroom (1.65m x 1.96m (5'5 x 6'5)) With double glazed frosted upvc window to side elevation, full tile surround, fitted bath with shower over, pedestal basin with hot and cold chrome taps, w/c, double panel central heating radiator, wood effect laminate flooring, large airing cupboard with fitted shelving and combination boiler.
Outside With block paved driveway to front of property providing ample parking for multiple vehicles, a large rear gardens surrounds the property with large mature lawn and two patio areas one to the rear off the main bedroom with French doors leading into the property, slabbed patio area to the side with fencing and trellis, gated side access.
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
Agent & docs
FAQ
About 16, Springfield Park, Wykin Road, Hinckley
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