2-bedroom property · LE10 0RR
Sold STCListed 399 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Impressive 2024 first floor apartment in this very secure sheltered retirement development for the over 55's.
Sought after and convenient location within walking distance of the town centre, The Crescent, doctors, dentists, train and bus stations, parks, bars and restaurants and good access to major road links.
Immaculate contemporary style interior, energy efficient, with a range of high quality fixtures and fittings including security entry system, 24 hour emergency pull cord, wood grain interior doors, spotlights and wired in smoke alarms, Vent Axia air flow system, solar panels, Programmable Electric Panel Heaters and UPVC SUDG.
Spacious accommodation offers entrance hall, through lounge/dining room with Juliet Balcony, fitted kitchen with built in appliances. Two double bedrooms and wet room.
Well kept communal gardens and car parking spaces, bin stores.
Further communal services include regular staffing, residents lounge with cafe, guest suite, lift, wellness services and resident led activities, hair and beauty salon. Viewing highly recommended.
Carpets and blinds included. Tenure - PETS ALLOWED. Key Facts Lease: 990 years.
The start date for each lease will be confirmed within your lease agreement with us Full Market Value: £279,990 50% Share Price: £139,995 (plus £524.98 rent per calendar month with potential financial assistance) Service Charge: £6,721.15 per annum, to be reviewed annually and updated from 1st April each year Council Tax band: B Utility Charges: Billed directly from the utility provider of your choice - each property will have its own solar panel which is linked to the apartment.
Age Criteria: Must be aged 55 or over Accommodation - Open Canopy Porch with outside lighting and security entry system and automatic sliding glass double doors to Entrance Lobby - Further automatic glass sliding doors to Communal Entrance Hallway - With stairway and lift leading to the first floor, heating and lighting, smoke alarms and attractive wood grain front door with spyhole to Number 33 Entrance Hallway - With inset ceiling spotlights, wired in smoke alarm, slimline panel heater, 24hr pull cord.
Attractive wood grain interior doors to Separate Wc - With white suite consisting of a comfort level WC, vanity sink unit with gloss white double cupboard beneath, contrasting tiled surrounds, inset ceiling spotlights.
Vent axia air flow vent. Inset ceiling spotlights and 24 hour pull cord. Walk In Cloak Room/Store Room - With wired in smoke alarm, light and power, Telephone point including broadband.
Door to Utility Room/Airing Cupboard - With light and power, automatic washing/dryer machine, wired in smoke alarm, wall mounted consumer unit, also housing the wall mounted Ventaxia air flow system and also the Pulsa coil Gledhill economy timed system for Domestic Hot Water.
L Shaped Through Lounge/Dining Room - 3.91 max x 5.40 max (12'9" max x 17'8" max) - Lounge Area - With a slimline panel heater with a timer and thermostat, TV aerial point including sky, wired in smoke alarm.
Vent axia air flow vent. 24 hour pull cord. UPVC SUDG French doors to a Juliet balcony.
Feature archway to Open Plan Fitted Kitchen - 1.99 x 2.76 (6'6" x 9'0") - With a fashionable range of light matt grey fitted kitchen units consisting inset black single drainer resin sink unit, mixer taps above, cupboard beneath, further matching range of floor mounted cupboard units and three drawer unit.
Contrasting roll edge working surfaces above with inset four ring induction hob unit, splashback and stainless steel chimney extractor hood above.
Matching upstands, further matching range of wall mounted cupboard units. Integrated fan assisted oven with grill. Fridge freezer/dishwasher, concealed lighting over the working surfaces.
Wired in heat detector and Vent axia air flow vent. Oak finish laminate wood strip flooring.
Main Bedroom L Shaped - 3.05 x 5.21 (10'0" x 17'1") - With slimline panel heater with timer and thermostat, wired in smoke alarm, Vent axia air vent, TV aerial point, 24 hour pull cord.
Full height UPVC SUDG window over looking the communal gardens.
Bedroom Two - 3.09 x 3.89 (10'1" x 12'9") - With slimline panel heater with programmer and timer, TV aerial point 24 hr pull cord, smoke alarm. Vent axia air vent.
UPVC SUDG full height window overlooking the communal gardens.
Wet Room - 1.99 x 2.20 (6'6" x 7'2") - With white suite consisting of a fully tiled walk in shower, vanity sink unit with gloss white cupboards beneath, comfort level WC, contrasting tiled surrounds, inset ceiling spotlights.
Two chrome heated towel rails, Vent axia air vent and 24 hour pull cord. Outside - There is communal parking, well kept communal gardens and patio, bin stores and bike stores. Electric scooter stores.
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 The Dials, Alney House, Elizabeth Coxhead Gardens, Hinckley
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