2-bedroom bungalow · LE16 7XA
Sold STCListed 318 days
Opportunity summary
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About
Symington Way is an extremely pleasant private development for the over 55's, located within a stone's throw of Market Harborough's wonderful town centre with its vast range of pleasurable and convenience amenities.
It provides the perfect blend of private self-reliant living, with the added peace of mind that the managed development has to offer.
The bungalow itself is one of the larger designs on the site and is presented for sale through Adams & Jones in very good order with no upward sales chain.
Accommodation briefly comprises entrance hallway, lounge/diner, breakfast kitchen, two bedrooms and bathroom.
Outside, the property is one of the few in the development where its private parking space is located within its boundary outline, directly to the front.
To the rear of the bungalow, there is a pleasant little garden area which, although technically forms part of the pleasant communal gardens, still offers a good degree of privacy.
Entrance Hall - Double glazed front entrance door, cloaks cupboard off, radiator.
Lounge/Diner - 4.34m x 4.32m (14'3 x 14'2) - UPVC double glazed French doors with sidelights to the rear aspect and additional UPVC double glazed window to the rear, electric fire inset to polished stone back panel and hearth and timber mantel-piece over.
Breakfast Kitchen - 3.58m x 2.16m (11'9 x 7'1) - UPVC double glazed window to rear, fitted range of wall and floor mounted kitchen units with roll-edge worktops, one and a half bowl sink, space for cooker and fridge/freezer, space and plumbing for washing machine, walk-in larder cupboard with shelving and radiator.
Bedroom One - 3.15m x 3.12m (10'4 x 10'3) - UPVC double glazed window to front, built in lit wardrobe, radiator.
Bedroom Two - 3.23m x 1.96m (10'7 x 6'5) - UPVC double glazed window to front, radiator.
Bathroom - 2.21m x 1.96m (7'3 x 6'5) - White three piece suite comprising WC, wash hand basin and panelled bath with electric shower over, emergency pull-chord, shaver point, radiator, airing cupboard off housing modern Worcester combination central heating boiler and radiator.
Outside - Front - The property is one of the few in the development where its private tarmac parking space is located within its boundary outline, directly to the front.
Outside - Rear - There is a pleasant little paved garden area which, although technically forms part of the pleasant communal gardens, still offers a good degree of privacy due to having a shrubbed border and trellis behind it and a brick wall to the right.
Lease Information - The property is subject to a 99 year lease which began 1st February 1998. The service charge is £2,406.39 per year (£200.53 per month).
Upon future sale of these bungalows, a 0.5% charge of the future sale price per year of ownership is due to East Midlands Housing's repair sinking fund.
Value & comps
No previous sales on record.
Returns
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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 Symington Way, Market Harborough
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