2-bedroom bungalow · TS17 9QP
Sold STCListed 338 days
Opportunity summary
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About
NOW UNDER OFFER We are delighted to present to the open market, this immaculate, two bedroom semi-detached bungalow situated on the popular Leahope residential development.
Offered with no onward chain, this property is available on a 75% shared ownership basis with The Thirteen Group and is exclusively for residents aged 55 and over.
The property has undergone an extensive refurbishment programme by the current vendor, including installation of gas fired central heating, new kitchen and bathroom, double glazed windows and door, new flooring and has been decorated throughout.
This beautifully presented two-bedroom semi-detached bungalow offers an ideal opportunity for those looking to enjoy comfortable, single-level living close to the town centre.
Designed with ease, convenience and future-proof living in mind, the property has already been thoughtfully modernised, meaning there’s very little for the new owner to do, now or in the years ahead.
The property is approached via a path running alongside the front lawn, one of a number of well maintained lawns on this attractive, quiet development.
The main entrance door is to the side of the property.
There is a secure, outside storage facility and a timber gate gives access to the fully enclosed south-facing rear garden, which is also laid to lawn with a patio seating area and a garden shed, ideal for those looking for a sun drenched spot with very little upkeep.
Parking is provided for residents. A part glazed, uPVC door leads into the entrance hall, which gives access to all rooms in the property.
Furnished with pale coloured, timber effect laminate flooring which is ideal for this high traffic area of the home, the flooring continues through into the kitchen creating an inviting flow.
A ceiling hatch gives access to the partially boarded loft space with fitted ladder and light. The kitchen sits to the front of the property.
Dual aspect windows, with vertical blinds, enhance the light in this room which is well-designed and even offers space for a small breakfast seating area.
An array of cream units including a larder cupboard have been fitted with contrasting worktops and a tiled splashback. A stainless-steel sink unit sits beneath a window overlooking the front.
Integrated appliances include an electric oven with extractor over, a dishwasher, fridge and freezer. Space is provided for a free-standing washing machine.
The lounge is a generous room that can accommodate a three-piece suite and an array of other reception furniture. A window to the front elevation floods the room with natural light.
The main focal point is an electric fire with cream surround, centrally positioned on the main wall.
In keeping with the rest of the home, this room is neutrally decorated and fitted with quality carpets.
The principal bedroom is a large double room with built-in wardrobes and ample space to accommodate a large bed and free-standing bedroom furniture.
A window to the rear overlooks the south facing rear garden. The room is tastefully decorated in neutral tones. A bedroom also situated to the rear elevation has built-in wardrobes around the ¾ bed.
Ideal for guests, this room could also lend itself to becoming a home office.
The house bathroom, changed as part of the renovation, comprises a white three-piece suite including a bath with electric shower over, wash hand basin set in a vanity unit and a low-level WC.
Fully tiled walls with a decorative border and contrasting flooring complete the room. A frosted window allows for ventilation and light.
Lease Details and Service Charges: Lease Term : 99 years from and including 10 February 2016 A monthly service charge of £21.73, reviewed annually, is payable to cover ground maintenance A payment of £9.37, reviewed annually, is payable each month to cover buildings insurance A payment of £12.50, reviewed annually, is payable each month to cover administration costs Eligibility Criteria: Household income is £80,000 or less per annum Be aged 55 or over Must be unable to purchase a suitable property on the open market without assistance of shared ownership Must not currently own a home or must have formally accepted an offer on your current home (sold subject to contract) Property must be the purchaser’s main residence and cannot be sublet Please note that the seller of this property is a connected person to this agency.
EPC Rating: D Parking - Off street
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.
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FAQ
About Leahope Court, Thornaby, TS17
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