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See how verdicts work1-bedroom flat · LE18 4TR
For saleListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 55s Development – No Upward Chain – First-Floor Apartment – Residents Lounge – Parking – Warden Assistance Offered with no upward chain, this first-floor apartment forms part of a sought-after residential development exclusively for the over 55s, offering independent living with the added reassurance of a pull-cord warden assistance alarm system and door-entry phone system.
The apartment would benefit from some updating, presenting an excellent opportunity for the new owner to modernise and personalise the accommodation to their own taste, creating a comfortable home within an established and welcoming community.
Designed with ease of living in mind, the development also offers a residents' communal room, providing a friendly place to meet neighbours, enjoy a chat and become part of the community for those who enjoy a more social lifestyle.
Further benefits include electric heating, double glazing and a residents' car park, adding to the everyday practicality of the property.
The location is particularly convenient, with local shopping and public transport links within easy reach.
Good road connections provide straightforward access into Leicester, Fosse Park, surrounding towns and villages and the motorway network, while nearby countryside offers opportunities to enjoy a change of pace and the outdoors.
For buyers looking to downsize, enjoy greater independence or find a more manageable home within an over 55s setting, this apartment offers plenty of potential in a popular residential complex.
With no upward chain and the opportunity to create a home to your own style, contact Hunters today to arrange your viewing and discover what this welcoming development has to offer.
Lounge Diner (3.69m x 4.13m) This inviting lounge diner offers a spacious and bright environment with a large window allowing plenty of natural light to fill the room.
The neutral tones and wood effect flooring create a warm and adaptable living space ideal for relaxing or entertaining friends and family.
Bedroom 1 (3.31m x 3.00m) A comfortable double bedroom featuring built-in wardrobes and a bright window.
The room is practical yet welcoming, with wood effect flooring and neutral walls providing a blank canvas for personal touches.
Kitchen (2.92m x 2.09m) This kitchen is efficiently arranged with ample work surfaces and storage cupboards above and below, complemented by tiled splash backs.
A window lets in natural light, making it a pleasant space for preparing meals. Shower Room (1.79m x 2.07m) The shower room is neatly presented with a tiled floor and walls half tiled.
It features a corner shower enclosure, a pedestal sink, and a toilet, with a window adding natural light and ventilation.
Hallway (2.20m x 1.98m) A well-proportioned hallway providing access to the main rooms. It is thoughtfully designed to ensure a smooth flow throughout the home.
Communal Gardens The beautifully maintained communal rear gardens feature neatly trimmed hedges, colourful flower beds, and manicured lawns.
Paved pathways and seating areas with pergolas offer a peaceful spot to relax and enjoy the outdoors.
Front Exterior The property is set within a tidy over 55's residential development with plenty of outdoor communal space.
The front exterior features a welcoming entrance with mature shrubbery, while the nearby parking area offers convenient access for residents and visitors.
Material Information - Wigston # Verified Material Information ## Costs and tenure Tenure: Leasehold Lease length: 61 years remaining (99 years from 1988) Service charge: £3,000/year Lease restrictions: Over 55 Council tax band: A EPC rating: D ## The building Semi-detached flat, standard construction 1 bedroom, 1 bathroom, 1 reception Accessibility adaptations: None ## Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: Room heaters only Heating features: None Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 great, Vodafone great, Three great, EE good Parking: Communal Not in a controlled parking zone No disabled parking available ## Risks and restrictions Not a listed building In Conservation area PT44941: South Wigston, Leicestershire.
No tree preservation order Title register restrictions (LT126304): - The owner cannot sell or transfer the property without the consent of the Housing Corporation.
This is a common requirement for properties owned by housing associations to ensure they are used for their intended purpose.
- The owner cannot register a mortgage against the property without a certificate from their own secretary or solicitor confirming it follows the organization's rules.
Title register restrictions (LT408772): - The lease contains specific rules that limit how the owner can sell or transfer the property.
This is a standard requirement in leasehold titles to ensure the landlord's records are kept up to date when the property changes hands.
Title register restrictions (LT478635): - The lease contains rules that limit the owner's ability to sell or transfer the property (known as 'alienation') without following specific procedures.
- The owner must contribute a fair share of the costs for repairing and maintaining shared facilities like drains, pipes, and gutters.
- The owner must maintain the wall dividing the property from the neighbouring land as a 'party wall', meaning it is shared and must be looked after jointly with the neighbour.
- The owner may not be able to prevent neighbours from building on their own land, even if that new building blocks some light or air to this property.
Non-coal mining area: Yes All information is provided without warranty. Contains hm Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
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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About 3, Jasmine Court, Wigston
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