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See how verdicts work1-bedroom flat · LE2 1AP
For saleListed 275 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Wolsey Court is a Retirement Living development built in 2016, apartments for the over 60's.
The apartment in located on the GROUND FLOOR of the building and therefore benefits from a terrace with direct access from the lounge leading onto DELIGHTFUL COMMUNAL GARDENS.
The flat briefly comprises an entrance hall with storage cupboards, lounge with direct access terrace and communal gardens, integrated kitchen, bedroom with walk in wardrobe and shower room.
The block boasts a beautiful COMMUNAL lounge for all residents, and a HOUSE MANAGER. There is also a GUEST ROOM available for rental for family members.
Communal Entrance - Hallway - Front door, two built in cupboards.
Lounge - 6.14 x 3.16 (20'1" x 10'4") - Electric fireplace, pair of double glazed doors to rear aspect leading onto patio and communal gardens, door into.
Kitchen - 2.46 x 2.6 (8'0" x 8'6") - Fitted units with worktops and matching splash backs, sink with drainer, electric hob with extractor above, integrated oven and fridge freezer, tiled floor, double glazed window to rear aspect.
Bedroom - 3.88 x 3.08 (12'8" x 10'1") - Walk in wardrobe, double glazed window to rear aspect.
Walk In Wardrobe - 2.00 x 1.31 (6'6" x 4'3") - Shower Room - 2.17 x 1.48 (7'1" x 4'10") - Walk in shower cubicle with mains shower, low level W/C, pedestal wash hand basin, electric towel rail, tiled walls and floor.
Patio - Leasehold Details - ANNUAL SERVICE CHARGE of £3,631.93 for the current financial year ending 30th September 2026 Ground Rent - Ground rent: £425 per annum Ground rent review: 1st Jun 2030 Lease Information - Managed by McCarthy and Stone Management Services Lease: 125 Years from 1st June 2015 Car Parking Scheme - Car Parking Permit is by allocated space subject to availability at a cost of £250PA.
Please check with the House Manager on site for availability.
Communal Lounge - One of the benefits of living in the block is that there is a lovely communal lounge for all residents, family and friends to enjoy, and where certain activities and events are hosted.
Free Valuation - Thinking of selling? We would be delighted to provide you with a free market appraisal/valuation of your own property.
Please contact Barkers to arrange a mutually convenient appointment on Tel: General Remarks - We are unable to confirm whether certain items in the property are in fully working order (i.e.
gas, electric, plumbing etc.) The property is offered for sale on this basis. Prospective purchasers are advised to inspect the property and commission expert reports where appropriate.
Barkers Estate Agents have a policy of seeking to obtain any copy guarantees / invoices relating to works that may have been carried out by a previous or existing owner.
Please ask one of our staff members to check files for any relevant documentation that have come to our attention.
Photographs are reproduced for general information and it must not be inferred that any items shown are included in the sale with the property.
MONEY LAUNDERING Under the Protection Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e.
passport or driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase of the sale of a property.
MORTGAGES Barkers Estate Agents offer the services of an independent mortgage and financial adviser. Please ask an advisor for further information.
VIEWING TIMES Viewing strictly by appointment through Barkers Estate Agents. Hours of Business: Monday to Friday 9am -5pm Saturday 9am - 4pm
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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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 advisers 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.
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