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See how verdicts work2-bedroom flat · LE8 8UP
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This delightful two bedroom Over 55s first floor flat is situated within a purpose built complex off Saddington Road close to the 'Duck Pond' as it is known locally.
The property is offered with no upward chain and, having sold two other apartments within the development recently, this particular flat feels more spacious and is slightly larger than the others.
The flat is well placed for the village centre and is within walking distance of both a local Co-op supermarket, news agent and post office, medical centre and a cafe.
Access to the flat is via a secure shared main entrance and then private access to individual flats. A flight of stairs takes you up to a landing shared by two other apartments.
As you enter through the front door you are welcomed into an entrance hall, off which is a double doored storage cupboard and two additional single doored cupboards.
These can be used as cloakroom space and are handy to hide away the vacuum cleaner, ironing board and clothes horse.
Off the hallway are doors through to all the rooms The main lounge is a spacious and is filled with plenty of natural light thanks to a large window.
A focal point of the room is a feature fireplace on which can stand an electric fire or faux burner. The rectangular nature of the room means it can be configured in several ways.
There is ample room for sofas/armchairs, freestanding storage and display furniture and can also accommodate a table and chairs.
The kitchen is the original specification and includes an extensive range of base and wall-mounted fitted units with roll-edge work surfaces and a composite sink and drainer.
Integrated appliances include an electric hob with extractor over and built-in, mid-level double electric oven.
There is then space for a tall freestanding fridge/freezer and plumbing for a washing machine. A built-in pantry cupboard offers further storage.
The principal bedroom is a generous double room with ample space for a range of freestanding wardrobes and drawers.
The second bedroom, is smaller than the main bedroom but is still a good size and offers the versatility to be used as a dining room or even a study if not required as a bedroom day-to-day.
Finally, there is a refitted shower room that comprises a three-piece suite to include a large walk-in shower, low flush WC and wash hand basin that is set onto a vanity unit.
An airing cupboard houses the hot water tank. The home also benefits from an allocated parking space and communal gardens with the pond being a particularly tranquil and pleasant setting.
Internal viewing is highly recommended to truly appreciate the space, presentation and position of this charming retirement flat.
Agent Note: The property is only available to those over the age of 55. The flat is Leasehold with just under 87 years remaining on the current term.
There is an annual service charge of approximately £2023 split into 12 monthly payments of £168.56 which includes building insurance and ground rent.
The village of Fleckney is ideally placed between the larger centres of Market Harborough and Leicester.
The village centre has a number of local shops, a public house and convenience store and with those larger centres within easy commutable distance Fleckney offers a wide and extensive range of amenities and services.
With reputable schooling and public transport also in close proximity the village has always been a sought after location.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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