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See how verdicts work2-bedroom flat · PE21 8EN
Listing removedListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to purchase the freehold for two self contained one-bedroom flats situated within close proximity to Boston Town Centre.
Each flat comprises a living area, kitchen, bathroom and bedroom. The properties are to be sold with the tenants in situ, making this an ideal investment opportunity.
Flat 2 - Ground Floor With front entrance door to: - Open Plan Living Room And Kitchen Area 27' 1" (maximum in total) x 12' 0" (8.26m x 3.66m) The lounge benefits from dual aspect windows, radiator and ceiling light point.
The kitchen area is fitted with countertops incorporating a stainless steel sink and drainer, base level storage units with matching eye level wall units, space for a standard height fridge, space for standard height freezer, space for an electric cooker, window to the side aspect.
Bathroom 1 Fitted with a panelled bath, pedestal wash hand basin, WC, radiator, two ceiling light points, extractor fan, boiler cupboard housing the gas central heating boiler.
Bedroom 1 12' 7" x 11' 0" (3.84m x 3.35m) Accessed via an archway from the living room. With window to front aspect, radiator, ceiling light point.
Flat 2A -First Floor With entrance door leading into the: - Ground Floor Entrance Lobby With ceiling light point, staircase leading to the first floor, under stairs storage cupboard.
First Floor Landing With ceiling light point.
Kitchen Diner 11' 11" (maximum) x 10' 10" (maximum) (3.63m x 3.30m) Having a stainless steel sink and drainer, base level units, space for an electric cooker, plumbing for an automatic washing machine, space for a condensing tumble dryer, space for a twin-height fridge freezer, window to the front aspect, ceiling light point.
Bathroom 2 10' 10" (maximum) x 4' 3" (maximum) (3.30m x 1.30m) With obscure glazed window, panelled bath, pedestal wash hand basin with tiled splashback, WC, radiator, ceiling light point, extractor fan, boiler cupboard housing the gas central heating boiler.
Lounge 12' 0" (maximum) x 14' 0" (maximum) (3.66m x 4.27m) Currently utilised as a bedroom. Having two windows, radiator, ceiling light point.
Bedroom 2 11' 0" (maximum) x 10' 6" (measurement taken to built-in wardrobes) (3.35m x 3.20m) With window, radiator, ceiling light point, built-in wardrobes along the majority of one wall incorporating double wardrobes, overhead lockers and drawers.
Exterior Low maintenance enclosed garden area currently sheltered by a corrugated roof, with gated access and two useful garden stores.
Services Both properties are served by mains electricity, gas, water and drainage. Reference 15072026/30571059/mcg
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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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 2 and 2a, Albert Terrace, Boston
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