2-bedroom flat · LE2 1RD
For saleListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no upward chain, a two bedroom, first floor apartment, now in need of modernisation and updating, located in the heart of the suburb of Stoneygate, just a stone’s throw away from Victoria Park.
Location - Elmfield Avenue is located approximately one and a half miles south of the city centre with its professional quarters and mainline railway station, with day-to-day shopping found along the nearby Allandale Road and Francis Street shopping parades and neighbouring Queens Road in Clarendon Park.
Accommodation - This charming property offers a thoughtfully arranged layout, entered via a solid wood front door into an entrance hall with windows and the stairs to the first floor hallway housing several storage cupboards, the Worcester wall mounted boiler and a cloakroom with two piece suite.
The sitting/dining room is well-proportioned, with a bay window overlooking the communal gardens and a handy serving hatch into the adjacent kitchen, a bright and functional space with a side-facing window providing a basic range of cupboards, drawers and worktops, a stainless steel sink and drainer unit, plumbing and space for a gas oven.
A secondary hallway leads to a separate WC with two piece suite and an obscure glazed window. The master bedroom has a large bay window overlooking the communal gardens.
The second bedroom is also a generous double, with a side-facing window and a built-in sliding wardrobe.
A small, centrally located hallway connects the two bedrooms, houses the airing cupboard and leads to the main bathroom which is partially tiled, with a bath with shower, wash basin, and an obscure glazed window.
Outside - The property enjoys immaculately kept, pretty communal gardens, a single garage in a block with up and over door and further allocated parking.
Tenure : Freehold Local Authority: Leicester City Centre Tax Band: B Other Information - Listed Status: None. Conservation Area: Stoneygate.
Services: Offered to the market with all mains services and electric heating. Broadband delivered to the property: Unknown.
Wayleaves/Rights of Way/Covenants: None out of the ordinary for an apartment block. Accessibility: The apartment is on an upper floor, there is NO lift. Planning issues: None our Clients are aware of.
Service Charge : Believed to be a service charge (£70 per quarter a couple of years ago) - TBC.
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 Elmfield Avenue, Stoneygate, Leicester
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