2-bedroom flat · LE18 4TR
Listing removedListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious two-bedroom over 55's first floor flat in a great position within the highly sought after Jasmine Court development in South Wigston.
With the benefit of communal grounds and parking and offered with no onward chain an early viewing comes highly recommended.
In brief the apartment comprises of entrance door located on Saffron Road with stairs leading to the first floor landing.
The rear generous lounge overlooks the communal gardens and there is a front kitchen area fitted with base and wall units.
A real feature of this particular apartment is the principal bedroom with an arch window again overlooking the rear and built in storage. There is a further second bedroom and a shower room/WC.
The apartment further benefits from electric heating, communal grounds and parking.
The property is managed by Midland Heart Limited, leasehold and subject to the potential purchaser meeting the criteria for residency at this scheme (e.g.
They must be over 60 years of age or 55 plus and in receipt of disability allowance. Also subject to approval by the Scheme Manager). Annual service charge is £2986.80 (£248.96pcm), Ground Rent tbc.
The property is held on 99 year lease from 26.1.1988 with approx 61 years remaining. EPC rating is C and Council tax is Band A.
Living Room 13' 4" x 12' 2" plus ent area (4.06m x 3.71m) Kitchen 10' 5" x 7' 11" (3.17m x 2.41m) Principal Bedroom 13' 7" x 11' 11" into rec (4.14m x 3.63m) Bedroom 10' 0" x 8' 7" (3.05m x 2.62m)
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
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FAQ
About 11, Jasmine Court, Wigston
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