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See how verdicts work1-bedroom flat · PE21 9EG
For saleListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A ground floor retirement flat for the over 55's within walking distance to the town centre and overlooking the Maud Foster Waterway.
Having accommodation comprising: Entrance hall, lounge, kitchen, bedroom and bathroom. There is communal parking & gardens and 24 hour emergency care response system.
No chain Accommodation Communal entrance with an entrance door to the: Entrance Hall Having coved ceiling, electric storage heater, smoke alarm, intercom, built-in storage cupboard and built-in airing cupboard housing hot water cylinder.
Lounge (4.34m x 3.23m) Having box bay window to front elevation, coved ceiling and two electric storage heaters.
Kitchen (2.26m x 2.18m) Having window to rear elevation, coved ceiling, electric storage heater, tiled walls and vinyl flooring.
Fitted with a range of base & wall units with work surfaces comprising: Stainless steel sink unit, cupboards & appliance space under, cupboard over.
Work surface return with space for electric cooker, cupboard, drawers & fridge under, cupboards over.
Bedroom One (4.35m x 2.70m) Having window to front elevation, coved ceiling, electric storage heater and built-in wardrobe.
Bathroom Having window to rear elevation, electric heated towel rail, wall mounted heater, tiled walls, vinyl flooring, panelled bath, close coupled WC and pedestal hand basin.
Mill Lodge Built in 1988 and having 26 flats in total. Non-resident management staff (part time) and Careline alarm service. Lift, Lounge, Laundry & communal gardens.
Whole site accessible by wheelchair. Easy access to site off Willoughby Road.
Distances: Bus stop 200 yards; shop 0.25 mile(s); post office 0.3 mile(s); town centre 0.3 mile(s); gp 0.5 mile(s); social centre 0.5 mile(s).
Regular Social activities include: Coffee morning, and fish & chip suppers. New residents accepted from 55 years of age. Services The property has mains electricity, water and drainage connected.
Heating is via electric heaters and the property is double glazed. The current council tax is band A. £231.77 pm service charge. £117.53 ground rent per year.
Lifetime Legal We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Agent's Notes 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.
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 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.
Area
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FAQ
About 2 Mill Lodge Willoughby Road, Boston
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