2-bedroom flat · PE21 8EY
For saleReduced £5k (−4.1%) on 21 AugListed 414 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold with no onward chain and situated within an excellent position, is this two bedroom first floor retirement apartment ideally located within a popular retirement village.
Benefitting from a shared stairlift serving the two upstairs apartments, spacious rooms within the property and well presented interior, the property is also offered with no onward chain.
Internally the accommodation briefly comprises, entrance hall, lounge, fitted kitchen, two double bedrooms and the a refitted shower room. There are also two large storage cupboards in the hallway.
Externally communal parking is available and beautifully cared for communal gardens surround the complex.
Please note - We have been advised that the property is Leasehold with 106 years left on the lease and that the cost per month for ground rent is £45 and service charge is £287pcm.
The lease was granted for 125 years from 24th June 2006.
Entrance Hall Lounge 4.21m x 3.36m - 13'10” x 11'0” Kitchen 3.99m x 2.77m - 13'1” x 9'1” Bedroom 1 3.59m x 3.36m - 11'9” x 11'0” Bedroom 2 2.47m x 3.6m - 8'1” x 11'10” Shower Room 1.74m x 3.59m - 5'9” x 11'9” Balcony 2.54m x 3.32m - 8'4” x 10'11”
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
FAQ
About Flat 4, Elm Court, Sleaford Road, Boston
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