1-bedroom flat · LE2 4LZ
Listing removedListed 405 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Newton Fallowell have the pleasure in marketing this 1st floor 1 bedroom, over 55's apartment, located within the popular St Pauls Close. The flat benefits from communal gardens.
Offered with entrance hall, lounge/dining room, kitchen, 1 bedroom and bathroom, benefits from intercom and pull cords for emergencies. No Chain.
Close to local amenities inc; shop, church, doctors and pharmacy.
The flat is approached via the communal door, leading to the 1st floor staircase, where the door then leads into the entrance hallway of the flat.
The hallway provides access to all rooms and also benefits from two built in storage cupboard, the boiler is located in one of the cupboards.
Along with an intercom system and a pull cord for emergencies. Lounge / Dining Room has a bay window overlooking the gardens and a further door into the kitchen.
The kitchen has a range of base and wall units with work surfaces over, gas cooker point, sink and drainer, tiled splash backs and tiled floor with window to the front. Pull cord to the ceiling.
The double bedroom has a range of fitted wardrobes and a window to the rear elevation.
Bathroom has a three piece suite comprising; bath, wash hand basin and w.c, part tiled and window to the rear, pull cord to ceiling.
• Tenure Type: Leasehold • Lease Term: 99 Years granted 21/02/2001 • Qualifying Age: Over 55 • Service Charge : £182.19 pcm Please be advised that the Scheme is designed for ‘Independent Retirement Living’ and no care or assistance is provided by Amplius, who are the management / leashold company.
We understand the property to be Leasehold with vacant possession upon completion. Oadby & Wigston District - Tax Band A.
Please be advised that when a property is sold, local authorities reserve the right to re-calculate the council tax band. Viewings are strictly by appointment only. EPC Rating: C
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
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FAQ
About 23 St. Pauls Close, Leicester
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