1-bedroom flat · LE5 4WH
Sold STCListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the ever-popular suburb of Evington, this attractive ONE BEDROOM split-level APARTMENT with SINGLE GARAGE presents an ideal opportunity for first-time buyers, investors or those looking to downsize, with a good range of local amenities and transport links close by.
The current Vendor is in the process of extending the lease term. The property is also due to benefit from the installation of a new air source heat pump system.
The planned installation includes a new slimline hot water cylinder, associated pipework and, subject to heat-loss calculations, new radiators where required.
The new system is expected to significantly improve the property's energy efficiency and EPC rating, with a new EPC assessment to be carried out following installation.
Location - The property is located within easy walking distance of Evington village centre where there is a good range of shopping facilities and frequent bus services into the city centre with its professional quarters and mainline railway station.
Accommodation - Situated on the first floor, this beautifully presented split-level apartment welcomes you into a spacious entrance hall complete with a useful storage cupboard.
The main living accommodation has been thoughtfully arranged into three distinct areas, creating a comfortable and versatile layout.
The lounge enjoys a large window providing an abundance of natural light, with a seating area leading through to a dedicated dining space.
An open serving hatch connects the dining area to the kitchen, creating a sociable feel.
The kitchen is fitted with a range of eye and base level units and drawers with wooden-effect doors, complemented by tiled splashbacks and a stainless steel sink with drainer.
There is space for a cooker, washing machine, tumble dryer and fridge, although buyers are advised to confirm which appliances will be included within the sale.
The bedroom is positioned just off the hallway; a generous double room with dual aspect windows to the front and rear, allowing for plenty of natural light, along with a fitted storage cupboard.
The contemporary bathroom has stylish black and white tiling and provides a panelled bath with shower over, a WC and a wash hand basin with vanity storage.
Outside - The apartment boasts a single garage (No. 65), located within a nearby block to the right-hand side of the property, offering secure parking or excellent additional storage.
Lease Information: - Whilst we make every effort to ensure these details are correct, they are subject to change, are not to be relied upon & MUST be verified by your Solicitor. Tenure: Leasehold.
Lease Term: 125 years from 1983 (Current Vendor in the process of extending). Service charge: £1,431 for apartment and garage, including Ground Rent and Buildings Insurance.
Other Information - Listed Status: None. Conservation Area: None.
Local Authority: Leicester City Council, Tax Band: A Services: Offered to the market with all mains services & electric central heating (new air source heat pump system in progress).
Broadband delivered to the property: Unknown. Construction: Believed to be standard. Wayleaves, Rights of Way & Covenants: None out of the ordinary.
Flooding issues in the last 5 years: None our Clients are aware of. Planning issues: None our Clients are aware of. Accessibility: No specific accessibility modifications made.
Note To Prospective Purchasers - As a regulated profession, and in accordance with the Anti-Money Laundering Regulations, we are legally required to carry out due diligence checks on all purchasers to verify their identity.
A non-refundable administration fee of £60 plus VAT per purchaser is payable upon an offer being accepted.
This fee covers the cost of compliance procedures, including Anti-Money Laundering and identity verification checks.
These checks are completed to meet our obligations under Anti Money Laundering Regulations (AML) and are a legal requirement.
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 1 BEDROOM APARTMENT WITH GARAGE - Falmouth Road, Evington, Leicester
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