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See how verdicts work2-bedroom flat · LE2 6BD
Listing removedReduced £10k (−7.1%) on 25 AugListed 162 days
Opportunity summary
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About
Detailed Description Fair-Way Properties are pleased to offer this 2 bedroom first floor apartment located in the city centre close to the University of Leicester.
The property provides an excellent location to commute in and out of the city from.
The property briefly comprises of entrance hall with video intercom, a large living room with a Juliet balcony overlooking the green space below, a modern kitchen, 2 bedrooms and a bathroom with a shower over the bath.
Access to the property is through an electric gate which leads to the car park located behind the building, where there is one allocated space opposite the communal entrance door to the block.
The property benefits from electric heating and hot water and has UPVC double glazing throughout. Ground Rent: £150.00 pa Service Charges: £1726.95 pa Insurance: Included in the service charge above.
Lease: 101 Years Remaining (125 Year Lease from 1st January 2003) Hallway: The hallway is accessed from the communal hallway and provides access to the living room, 2 bedrooms, the bathroom and the airing cupboard.
There is a video intercom, wooden flooring, and an electric panel heater. Living Room: 4.40m x 5.00m (14'5" x 16'5") , The living room features a Juliet balcony overlooking the green space below.
It also benefits from a UPVC double glazed window, 2 x electric panel heaters and wooden flooring.
Kitchen: 2.35m x 1.80m (7'9" x 5'11") , The kitchen is located off the living room; it features a range of modern wall and base units.
There is a built-in electric oven and hob with an extractor fan above. There are also spaces for a freestanding washing machine and a freestanding fridge freezer.
Bedroom 1: 2.30m x 3.70m (7'7" x 12'2") , Bedroom 1 features a large UPVC window providing lots of natural light. The room also benefits from a large built-in wardrobe and an electric panel heater.
Bedroom 2: 3.60m x 2.30m (11'10" x 7'7") , Bedroom 2 benefits from a UPVC window, and an electric panel heater.
Bathroom: 2.25m x 1.90m (7'5" x 6'3") , The bathroom features a modern white suite including a push button toilet, a wash hand basin with a mixer tap, a bath with a glass shower screen and a shower off the taps.
The room has tiled flooring and an electric panel heater.
Outside: Access to the property is through an electric gate which leads to the car park located behind the building, where there is one allocated space opposite the communal entrance door to the block.
Council Tax: Band C Lease Details: Ground Rent: £150.00 pa Service Charges: £1726.95 pa Insurance: Included in the service charge above.
Lease: 101 Years Remaining (125 Year Lease from 1st January 2003) Agents Notes:: 1: Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Fair-Way Properties has not tested any apparatus, equipment, fixtures, fittings or services and it is in the buyer's interest to check the working condition of any appliances.
6: Fair-Way Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
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FAQ
About 14 The Strand 238-240, The Strand, Welford Road, Leicester
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