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See how verdicts work2-bedroom flat · PE21 8PW
Listing removedReduced £5k (−6.2%) on 6 OctListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor flat with allocated parking, situated close to Boston Town Centre and its amenities, being offered for sale with no onward chain.
Accommodation comprises an entrance hall, good sized lounge, kitchen, two bedrooms and a bathroom. The property also benefits from uPVC double glazing.
A Leasehold property with long lease term remaining.
Entrance Hall Having partially obscure glazed front entrance door, obscure glazed window to side elevation, two ceiling light points, wall mounted electric fuse box, built-in airing cupboard housing the hot water cylinder, built-in cloak cupboard providing storage.
Lounge 14' 3" x 14' 4" (4.34m x 4.37m) Having two windows to front elevation, wall mounted Fischer electric heater, coved cornice, ceiling light point, fitted electric fireplace with surround.
Kitchen 9' 9" x 8' 3" (2.97m x 2.51m) Having roll edge work surfaces with tiled splashbacks, stainless steel sink and drainer, base level storage units, drawer unit and matching eye level wall units, space for standard height fridge or freezer, plumbing for automatic washing machine, space for electric cooker, window to front elevation, coved cornice, ceiling light point, wall mounted Dimplex electric heater, built-in pantry cupboard.
Bedroom One 10' 5" x 10' 7" (3.17m x 3.23m) Having dual aspect windows, wall mounted Fischer electric heater, coved cornice, ceiling light point.
Bedroom Two 7' 2" x 9' 4" (2.18m x 2.84m) Having window to front elevation, wall mounted Fischer electric heater, coved cornice, ceiling light point.
Bathroom 5' 6" x 6' 8" (1.68m x 2.03m) Being fitted with a three piece suite comprising wash hand basin, WC, panelled bath with wall mounted electric shower above and fitted shower screen, fully tiled walls, coved cornice, ceiling light point, obscure glazed window to front elevation.
Exterior The property benefits from a numbered allocated parking space. Agents Note The property is available to purchase on a Leasehold basis. The 999 year Lease commenced on 25th April 1991.
Prospective purchasers should be aware that a service charge is payable at a variable rate for the ongoing upkeep and maintenance of communal areas, walkways and green spaces.
The last quarterly payment was for the sum of £116.00 and includes buildings insurance. Services Mains electricity, water and drainage are connected. Reference 26012026/29915909/spe
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
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FAQ
About 24, Bowman Close, Boston
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