2-bedroom flat · LE18 4NU
Listing removedListed 275 days
Opportunity summary
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About
Tenure: Leasehold *** No Chain *** Well presented second floor flat for sale overlooking the locks and canals running through South Wigston.
The property is currently tenanted and can be sold with or without the tenant in situ. The rent currently being paid is £775pcm giving a gross yield of 6.41%.
The accommodation comprises communal hall, entrance hall, lounge, kitchen, two bedrooms, bathroom and communal parking area.
EPC Rating: C Summmary *** No Chain *** Well presented second floor flat for sale overlooking the locks and canals running through South Wigston.
The property is currently tenanted and can be sold with or without the tenant in situ. The rent currently being paid is £775pcm giving a gross yield of 6.41%.
The accommodation comprises communal hall, entrance hall, lounge, kitchen, two bedrooms, bathroom and communal parking area. Communal Hall With stairs and access to all properties.
Entrance Hall With two storage cupboards. Lounge Dimensions: 15' 1" x 13' 5" (4.6m x 4.09m). With laminate floor, two windows to the side elevation and two radiators.
Kitchen Dimensions: 9' 7" x 8' 6" (2.92m x 2.59m).
Comprising base and wall mounted units with complementary work surfaces, sink unit with drainer, tiled splash backs, plumbing for washing machine, built in gas hob, electric cooker and extractor hood, tiled floor, radiator and window to the side elevation.
Bedroom Dimensions: 13' 6" x 8' 11" (4.11m x 2.72m). With laminate floor, spotlights, window to the side elevation and radiator. Bedroom Dimensions: 10' 6" x 7' 9" (3.2m x 2.36m).
With laminate floor, radiator and window to the side elevation.
Bathroom Being fully tiled and comprising panelled bath with shower over, wash hand basin, low flush w.c., heated towel rail, extractor fan and window to the side elevation.
Outside The property has a communal parking area which the property has one allocated space within. The property has immediate access to the locks and open countryside.
Sales Summary & Material Information • Price : £145,000 • Tenure : Leasehold • Length of lease : 128 Years remaining • Annual ground rent amount : £200 • Ground rent review period : Per Year • Annual service charge amount : £2005 • Service charge review period : Per Year • Council tax band : A • EPC Rating: C • Property type: Purpose Built Development • Property construction: Brick & Tile • Number and types of room: Please refer to floorplan • Electricity supply: Mains • Water supply: Mains • Sewerage: Public sewer • Heating: Gas central heating • Broadband: Refer to Ofcom for broadband services • Mobile signal / coverage: Refer to Ofcom mobile coverage checker • Parking: Allocated Parking • Building safety: No known hazards • Restrictions: None • Rights and easements: No known relevant rights or easements • Coastal erosion risk: None • Planning permission: No known planning permissions or proposals for development • Accessibility/Adaptations: None • Coalfield or mining area: No direct impact of any mining activity Thinking Of Selling?
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Disclaimer & Important Information Phillips George Sales & Lettings for themselves and the vendors of this property whose agents they are, give notice that these particulars are not to be relied upon as a statement or representation of fact and do not constitute any part of an offer or a contract.
Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each and any statements contained in these particulars.
The vendors do not make or give and neither do Phillips George Sales & Lettings (nor any person in their employment) have authority to make any representation or warranty whatsoever in relation to the property.
None of the services, systems or appliances listed or shown in this specification have been tested by us and no guarantee as to their operating ability or efficiency is given.
All floorplans and dimensions have been provided as a guide for prospective buyers only, and should not be relied on as a true representation.
Current money laundering regulations require us to confirm proof of identity and residency of anyone intending to purchase.
We ask for your co-operation in providing the necessary documentation in order to avoid delays in agreeing the sale.
Disclaimer Phillips George Sales & Lettings give notice that any particulars are not to be relied upon as a statement or representation of fact and do not constitute any part of an offer or a contract.
Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each and any statements contained in these particulars.
Phillips George Sales & Lettings (nor any person in their employment) have authority to make any representation or warranty whatsoever in relation to any property.
None of the services, systems or appliances listed or shown in this specification have been tested by us and no guarantee as to their operating ability or efficiency is given.
All floorplans and dimensions have been provided as a guide for prospective buyers only, and should not be relied on as a true representation.
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.
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FAQ
About 25 Lock Keeper Close, Wigston
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