2-bedroom flat · LE3 8DQ
Listing removedListed 184 days
Opportunity summary
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About
***No Upward Chain*** A ground-floor maisonette set in the centre of Glenfield and ideally positioned within convenient access to a range of amenities.
Having recently had an extended lease, this property would make an ideal first-time buy or buy-to-let investment.
With accommodation comprising of, an entrance lobby, a spacious living room, a fitted kitchen, two double bedrooms, and a shower room.
Outside, there is a rear garden which has a paved patio leading to a laid-to-lawn area with a gateway giving access to a single garage set in a block to the rear of the development.
Entrance Lobby Double glazed door to the side. Living Room Double glazed window to the front and a radiator.
Kitchen Wall and base units with roll-top work surfaces and tiled splash backs, integrated oven and an electric hob with an extractor fan over, stainless steel sink and drainer with mixer tap, plumbing for a washing machine, double glazed window to the rear, radiator, and a double glazed door opening onto the rear garden.
Inner Hallway Built-in storage cupboards. Bedroom One Double glazed window to the front, radiator, and a built-in wardrobe.
Bedroom Two Double glazed window to the rear, radiator, and a built-in wardrobe. Shower Room Comprising of a shower, low-level WC, wash basin, double glazed window to the rear, and a radiator.
Outside To the front of the property, there is a laid to lawn area and a pathway leading to the front door. There is an attached out-building housing a Worcester Bosch central heating boiler.
The rear garden has a paved patio leading to a laid to lawn area. There is a single garage set to the rear of the development having an up and over door.
Lease Information The original lease term was 99 years from January 1973, however, the lease length was recently increased to now having approximately 138 years remaining.
We have been informed that since the lease length was increased, the owner now doesn't pay an annual ground rent fee. Council tax band 'A' with Blaby District Council.
***Important*** O'Flynn Estate Agents advises that any interested party gets the above information confirmed by their own chosen conveyancer/solicitor.
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
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FAQ
About 10 The Square, Leicester
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