1-bedroom flat · LE7 2DX
For saleReduced £5k (−4%) on 25 JunListed 184 days
Opportunity summary
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About
**A Well-Presented and Spacious First-Floor Retirement Apartment For Over-60s** This one-bedroom first-floor retirement apartment, exclusively for residents aged 60 and over, is situated within the highly regarded Forge Court development, offering a comfortable, secure, and community-focused lifestyle.
The apartment is accessed via a welcoming entrance hall featuring a large storage cupboard, providing excellent practical storage.
The main living space is a generous L-shaped lounge diner, enhanced by a feature fireplace that creates a warm focal point and offers ample space for both seating and dining furniture.
Double doors lead through to the kitchen, which is well equipped with a single oven, hob, and integrated microwave, along with space for a fridge and dishwasher, making it both functional and conveniently arranged.
The double bedroom benefits from a front-aspect window and a fitted wardrobe with mirrored sliding doors, offering excellent storage and natural light.
The shower room is modern and fully tiled, comprising a vanity sink, WC, and a double-width shower tray. The apartment is warmed by electric storage heating throughout.
Forge Court is a popular and well-maintained retirement complex, offering a range of communal facilities including resident lounges, a laundry room, communal gardens, and resident and visitor parking.
There is also a strong sense of community within the development. The property is offered on a leasehold basis with approximately 102 years remaining.
Ground Rent: £365 per annum Service Charge: £3,648 per annum The location is particularly convenient, being close to the town centre, with bus stops positioned directly outside the development and a doctor’s surgery nearby, ensuring excellent accessibility for everyday needs.
This apartment would make an ideal purchase for those seeking independent living with the added reassurance of a well-supported retirement setting.
Entrance Hall Lounge/Dining Room (5.99m x 4.55m) Bedroom (4.77m x 2.81m) Kitchen (2.9m x 2.32m) Shower Room (2.07m x 1.7m)
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
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FAQ
About 26, Forge Court, Leicester
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