1-bedroom flat · LE7 2DX
Listing removedListed 319 days
Opportunity summary
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About
REDUCED FOR A QUICK SALE! Being sold with no upwards chain is this immaculately presented, one bedroom first floor apartment set in the retirement complex of Forge Court.
Conveniently located just a short walk from the centre of Syston and the amenities the town has to offer this flat is ideal for those in need of single storey living.
Inside, the property briefly comprises; entrance hall, storage cupboard, lounge-diner, kitchen, spacious bedroom with fitted wardrobe and a walk in shower room.
The property also benefits from electric heating, uPVC double glazing and is positioned just a short walk from the lift and stairs.
Forge Court offers a communal laundry room, guest suite, social activities and communal parking.
Location - Syston is located around 5 miles north of Leicester City Centre and approximately 10 miles from Loughborough.
The location is convenient for local shops, supermarkets, Syston Train Station, Thurmaston Retail Park and the motorway network.
Local Schools include Merton Primary School and Wreake Valley Academy Draft Details Awaiting Vendors Approval - Entrance Hall - With storage cupboard, coved ceiling and provides access to the following.
Lounge-Diner - 5.37 x 3.36 (17'7" x 11'0") - (maximum measurements) With electric fire and feature surround, coved ceiling, uPVC double glazed window to the rear aspect and houses the four seater dining table.
Kitchen - 2.71 x 1.72 (8'10" x 5'7") - Fitted with a range of floor and wall mounted units with roll top work surface and tiled splashbacks.
The kitchen also benefits from an electric oven and hob, stainless steel sink and drainer unit, coved ceiling and uPVC double glazed window to the rear aspect.
Bedroom One - 5.51 x 3.18 (18'0" x 10'5") - (maximum measurements) Spacious double bedroom with fitted wardrobe, coved ceiling and uPVC double glazed windows to the side and rear aspect.
Shower Room - 2.08 x 1.68 (6'9" x 5'6") - Fitted with a three piece suite comprising walk in shower, vanity unit with basin and low level wc.
The tiled shower room also benefits from a heated towel rail, extractor fan and coved ceiling. Note To Buyers - The property is leasehold and benefits from a 125 year lease staring from 2003.
The Property is subject to a ground rent of £365 pa. The property is subject to a service charge of approximately £3,150.00 pa The apartment will be subject to 1% Transfer fee on the resale.
There is an age restriction of 60 years or in the event of a couple, one must be over the age of 60 years and the other over 55.
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
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FAQ
About Forge Court, Syston.
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