2-bedroom flat · LE2 6BD
For saleReduced £7k (−4.8%) on 30 SepListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***no chain*** A lovely two bedroom flat situated in the sought after area of Clarendon Park.
The property is well located for everyday amenities including a wealth of shops on London Road / Queens Road, Universities, Leicester Train Station and short walk away from Victoria Park.
In brief the property comprises of an entrance hallway, spacious lounge / kitchen / diner, two bedrooms and a bathroom.
Contact Seths to arrange a viewing Entrance Hallway Lounge / Kitchen / Diner (6.04 (max) x 4.57 (max) (19'9" (max) x 14'11" (max) Wall and base units with worktops over, 4 ring electric hob with built-in oven and extractor hood, sink with mixer tap and drainer, plumbing for washing machine, space for fridge/freezer, partly laminate / partly tiled flooring, partly tiled walls, electric radiator, uPVC double glazed window Bedroom 1 (3.87 (max) x 2.91 (12'8" (max) x 9'6")) Laminate flooring, electric radiator, storage cupboard, uPVC double glazed window Bedroom 2 (3.33 x 2.63 (max) (10'11" x 8'7" (max))) Laminate flooring, electric radiator, uPVC double glazed window Bathroom WC, wash hand basin with mixer tap, bathtub with mixer tap and shower overhead, tiled flooring, partly tiled walls, radiator, extractor fan Lease We have been advised by the vendor of the following details.
Please note these are approx. Figures.
Please be advised that whilst we make every effort to ensure these lease details are accurate, these must be verified by any potential purchaser's solicitors to confirm the same.
Service charge - £1,930.85 per annum Ground rent - £150 per annum Lease remaining - 102 years remaining Additional Info Tenure: Leasehold EPC rating: C Council Tax Band: C Council Tax Rate: £2,247.78 Mains Gas: No Mains Electricity: Yes Mains Water: Yes Mains Drainage: Yes Broadband availability: Full Fibre Broadband
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
Agent & docs
FAQ
About Flat 5, 240, Welford Road, Leicester
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