1-bedroom flat · LE13 1DP
Listing removedListed 108 days · slow let
Opportunity summary
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About
A well-presented and spacious one bedroom first floor apartment situated in this imposing Victorian former hunting lodge situated on Burton Road.
The apartment benefits from neutral decor throughout, gas fired central heating and views overlooking the communal grounds and briefly comprises a modern kitchen and bathroom, bay fronted lounge overlooking gardens, and a good sized double bedroom.
The property has gas-fired central heating, use of communal gardens and off street parking to the front via a gravelled driveway.
Summary - ENTRANCE HALL with hanging for coats, telephone intercom system, radiator, and vinyl flooring. LOUNGE with bay window to front, cupboard housing Worcester combi boiler, and a radiator.
KITCHEN with a range of wall and base units, stainless steel sink and drain unit as set in laminate topped work surfaces, tiled splashbacks, space for elec oven only, space for a free standing fridge/freezer, plumbing for washing machine, extractor fan, radiator and vinyl flooring.
BATHROOM with white suite comprising bath with shower over, wash basin, separated w.c, partly tiled walls, vinyl flooring, storage cupboard, frosted window to side, and a radiator.
DOUBLE BEDROOM with window to side and a radiator. OUTSIDE Residence car park.Use of communal gardens. Location - Take Burton Road out of Melton Mowbray town centre.
After crossing the railway bridge, continue up Burton Road and Wicklow lodge is situated opposite Victoria Street on your left hand side.
The flat is accessed via the main door and up the stairs to the half landing.
Turn right, and the flat will be found on your left hand side Tenancy Information - The Property Is UNFURNISHED to include CARPETS AND CURTAINS ONLY. Council Tax : Melton Borough Council : Band A.
Deposit : £686 Term : A 12 month assured shorthold tenancy is offered with a mothly periodic tenancy thereafter. Services : Mains electricity, gas, water and drainage. EPC : Band E.
STRICTLY NO PETS PERMITTED. Disclaimer - TENANT FEES Upfront Applicant and Referencing Fees - Nil.
Under the Tenant Fees Act 2019 before the tenancy starts the following are payable: - Deposit: 5 weeks rent (for annual rents up to £50,000).
Initial monthly rent During the tenancy the tenant(s) are responsible for the rent, all utilities, telephone and internet connections and their relevant subscriptions, television licence and Council Tax.
Under the new legislation, permitted payments will also include, but are not limited to, damage as outlined in the Tenancy Agreement, reasonable costs incurred due to loss of keys and security devices, reasonable costs incurred by breach of tenancy by the tenant(s), reasonable costs incurred by the landlord due to early termination of the tenancy as determined by the Tenant Fees Act 2019.
Property Redress REDRESS: Shouler & Son are a member of UK ALA (The UK Association of Letting Agents) which includes an independent redress scheme and client money protection.
For more information about UK ALA please see the following link: Client Money Protection We have client money protection. The name of our scheme is: UKALA (UK Association of Letting Agents).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 Wicklow Lodge, Burton Road, Melton Mowbray
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