2-bedroom flat · PE10 9FA
For saleListed 258 days
Opportunity summary
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About
RETIREMENT PROPERTY: This two-bedroom apartment is located on the second floor in the Annex building of Browning Court.
This is a large apartment, with a lounge that hosts a beautiful bay window looking over the court, and includes a modern fireplace with remote control.
There is a fully fitted kitchen with fridge freezer, hob, oven and washer dryer. The hallway is larger than average and has two storage cupboards with sensor lighting.
The apartment boasts a wet room style bathroom with level access shower, separate bath, WC and sink, plus a guest cloakroom with WC and sink.
The master bedroom has a walk-in wardrobe which adds a hint of extra luxury. The second bedroom is a good size and could be used as a dining room, office or second bedroom.
COUNCIL TAX BAND: C EPC RATING: C MONTHLY SERVICE CHARGE: £740.56 SERVICE CHARGE PERIOD: 1 April 2025 - 31 March 2026 12 MONTH GROUND RENT: None Payable GROUND RENT DUE FOR REVIEW: N/A LENGTH OF LEASE: 125 Years from 01/02/2008 RESALE FEES: Less than 12 Months - 1% Reserve Fund Contribution 12-24 Months - 2% Reserve Fund Contribution 24 Months + - 3% Reserve Fund Contribution LOCATION OVERVIEW: Type: Independent Living.
Properties: Constructed by Stepnell Ltd. Completed 2008. Comprising of: 38 x two bedroomed apartments 7 x one bedroomed apartments Services: Duty manager on site 24/7.
Emergency callouts between 9.30pm - 7.30am. One and half hour's service time per week. Restaurant facility offering a three-course lunch every day. Handyperson. Laundry service.
Facilities: Lift access to all levels, Owners' lounge, dining room, guest suite, hobbies room, landscaped gardens and car parking. Secure door entry system. Emergency alarm call system.
Accessibility: All areas of Browning Court are wheelchair accessible. Situated in the centre of Bourne, within close proximity of the supermarket and an excellent range of local shops and amenities.
Lifestyle: Browning Court has a busy social programme including coffee mornings, tai chi, bingo, quiz nights, cards, scrabble, themed evenings with local entertainers and charity fund raising events.
New Owners are accepted over 60 years of age. Pets are welcome (subject to terms of the lease). Tenure: Leasehold 125 years from 2008.
Manager's note: This development has a lovely friendly atmosphere. Many Owners lunch together on a regular basis.
We are excellently positioned for local facilities and promote friendly, professional, caring support for an independent lifestyle. There is a well-established garden.
The community make new Owners very welcome. Browning Court Manning Road Bourne Lincolnshire PE10 9FA
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
Agent & docs
FAQ
About 6 Browning Court, Manning Road, Bourne, Lincs, PE10 9FA
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