We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LE3 0LS
Sold STCReduced £8k (−5%) on 7 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully renovated two double bedroom ground floor maisonette, offering stylish, ready-to-move-into accommodation together with its own rear garden and separate garage.
Ideally suited to first-time buyers, downsizers or investors, the property has been extensively updated throughout and presents an excellent opportunity for anyone looking for a home that requires no further work.
Looking to view? Call and Press Option 5.
The accommodation briefly comprises a welcoming porch leading into a spacious lounge, a newly presented kitchen, two well-proportioned double bedrooms and a modern shower room.
The entire property has been renovated to a high standard, creating a fresh, contemporary feel throughout.
Outside, the property benefits from a private rear garden, providing a useful outdoor space that is solely for the enjoyment of the maisonette.
There is also a separate garage, offering valuable additional storage and parking potential.
Situated on Cherryleas Drive within the popular LE3 area of Leicester, the property is well placed for a range of everyday amenities, shops and local services, whilst also providing convenient access into Leicester city centre and the surrounding areas.
The location is particularly appealing for those wanting to remain within easy reach of the city while benefiting from a quieter residential setting.
The property is leasehold with approximately 128 years remaining on the lease. Service charge and ground rent details are available from the agent.
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
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FAQ
About 22 Cherryleas Drive, Leicester
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