1-bedroom flat · LE13 1LZ
Let agreedListed 28 days
Opportunity summary
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About
A newly converted and renovated ONE bedroom ground floor apartment conveniently situated in the heart of Melton Mowbray.
The apartment is located within the Kings Road College development and is entered via a secure hardwood door to a communal hallway.
The apartment benefits from fully double glazed windows, modern electric heating, a fitted shower room, fitted kitchen with all appliances included and a rear garden area.
The apartment comprises of entrance hallway, kitchen/living room, one double bedroom and shower room. The property also has parking to the designated car park for 1 car.
The apartment is ideally situated in the heart of Melton which benefits from many independant shops, bars, boutiques and cafes.
Melton train station is also a 5 minutre walk away which has good links to Oakham, Stamford, Peterborough, Cambridge, Leicester and Birmingham.
The apartment would be ideally suited to professional or retired individuals or couples looking for a convenient town centre location.
Summary - COMMUNAL ENTRANCE HALL : Entered via hardwood door to communal entrance hallway. ENTRANCE HALL : With cupboard, intercom and door to kitchen/living room.
KITCHEN/LIVING ROOM (23.06 x 11.06 ft) : A modern open plan kitchen living area, double doors to garden area, electric radiator and a modern fitted kitchen with a range of gloss white eye and base level units, granite effect laminate worktops, Bosch integrated electric hob and oven, stainless steel sink, integrated extractor fan, Bosch freestanding washer drier, Hisense fridge freezer, wood effect vinyl tile floor and carpet.
BEDROOM ONE (11.06 x 11.03 ft) : A double bedroom with electric radiator.
SHOWER ROOM : With low flush WC, shower enclosure with mixer shower, ceramic sink, vinyl tile flooring, heated towel rail, tiled splasbacks.
OUTSIDE : Rear garden area and parking for 1 car to the front car park. Important Tenancy Information - The Property is UNFURNISHED to include carpets and curtains only with kitchen appliances.
INTERNET : ADSL and Fibre broadband available. Council Tax : Melton Borough Council : Band A Deposit : £836 Term : An assured periodic tenancy is offered.
Services : Mains electricity, water, drainage. VIEWINGS : Strictly by appointment with Shouler & Son only. EPC : Band D PETS : Strictly no pets permitted.
Holding Deposit : Equivalent of one weeks rent inc VAT.
Relevant letting fees and tenant protection information As well as paying the rent, you may also be required to make the following permitted payments.
Permitted payments Before the tenancy starts (payable to Shouler & Son Surveyors the Agent ) Holding Deposit: 1 weeks rent Deposit: A sum equivalent to 5 weeks rent During the tenancy (payable to the Agent) Payment of up to £50.00 if you want to change the tenancy agreement Payment of interest for the late payment of rent at a rate of 3% above the Lloyds Bank Base Interest Rate Payment of £50.00 for the reasonably incurred costs for the loss of keys/security devices Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy (two months rent if looking to vacate within the fixed term) During the tenancy (payable to the provider) if permitted and applicable Utilities gas, electricity, water Communications telephone and broadband Installation of cable/satellite Subscription to cable/satellite supplier Television licence Council Tax Other permitted payments Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection Member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent s website or by contacting the agent directly.
Deposits are held in an insured scheme via the tenancy deposit scheme. Disclaimer - TENANT FEES Upfront Applicant and Referencing Fees - Nil.
Under the Tenant Fees Act 2019 before the tenancy starts the following are payable: - Deposit: 5 weeks rent (for annual rents up to £50,000).
Initial monthly rent During the tenancy the tenant(s) are responsible for the rent, all utilities, telephone and internet connections and their relevant subscriptions, television licence and Council Tax.
Under the new legislation, permitted payments will also include, but are not limited to, damage as outlined in the Tenancy Agreement, reasonable costs incurred due to loss of keys and security devices, reasonable costs incurred by breach of tenancy by the tenant(s), reasonable costs incurred by the landlord due to early termination of the tenancy as determined by the Tenant Fees Act 2019.
Property Redress REDRESS: Shouler & Son are a member of UK ALA (The UK Association of Letting Agents) which includes an independent redress scheme and client money protection.
For more information about UK ALA please see the following link: Client Money Protection We have client money protection. The name of our scheme is: UKALA (UK Association of Letting Agents).
We produce property particulars in good faith and believe them to be correct. We generally rely on what we are told without obtaining proof.
You should verify for yourself such information before entering into a contract to take this property.
Neither Shouler & Son nor their clients guarantee accuracy of the particulars, and they are not intended to form any part of a contract.
No person in the employment of Shouler & Son has authority to give any representation or warranty in respect of this property.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Old College, 1 Chapel Street, Melton Mowbray
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