1-bedroom flat · PE21 8DR
Listing removedListed 228 days
Opportunity summary
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About
SOLD AT AUCTION FOR £39,000 A first floor one bedroom flat in a purpose built block in need of renovation and improvement This one bedroom flat is located in a purpose built block and is need of renovation throughout.
The accommodation comprises hall, lounge, kitchen bedroom and a bathroom. Boston offers a variety of facilities together with a main line rail link. Note. We have no main door key to the block.
The client is trying to obtain a key from the management company.
Accommodation Hall, lounge, kitchen, bedroom and a bathroom Leasehold Information Term: 125 years from 26 June 1989 (89 years remaining) Annual ground rent amount: £10 Ground rent review period: Refer to Legal Pack Annual service charge amount: Refer to Legal Pack Service charge review period: Refer to Legal Pack Council Tax Band A Tenure: Leasehold Lease Details: 125 years from 26th June 1989 EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 16 Broadfield Lane, Boston, Lincolnshire PE21 8DR
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