2-bedroom flat · LE4 0BW
For saleReduced £5k (−3.6%) on 8 SepListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor apartment - Looking to View?
Call & Press Option 4 Positioned in a sought-after location close to the city centre, this beautifully presented ground floor apartment is an ideal first-time purchase or a fantastic addition to any investment portfolio.
Ready to move straight into, the property offers spacious accommodation throughout alongside the convenience of allocated parking and secure entry access.
Accessed via a secure communal entrance with key fob entry, the apartment opens into a welcoming and generously sized hallway.
Bedroom two is situated to the left and benefits from built-in storage, while an additional hallway cupboard provides further practical storage space.
The master bedroom enjoys pleasant views over the neighbouring park and features double fitted wardrobes along with a private en suite shower room, fitted with a double-width shower, WC and wash hand basin.
The kitchen is fitted with a range of wall and base units, with a sink positioned to overlook the park, creating a bright and pleasant workspace.
The bathroom has been thoughtfully updated and comprises a bath with shower over, WC and wash hand basin.
Undoubtedly the standout feature of the home is the impressive lounge diner, flooded with natural light from dual aspect windows and offering views across two sides of the property, creating a fantastic space for both relaxing and entertaining.
Further benefits include made-to-measure blinds throughout and a boiler serviced in 2026 for added peace of mind.
Externally, the development enjoys communal green spaces along with an allocated parking space. The property is leasehold with a 125-year lease from 2003, leaving approximately 101 years remaining.
Ground rent is £100 per annum and the service charge is approximately £170 per calendar month, both payable six monthly.
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
Agent & docs
FAQ
About 31b Larchmont Road, Leicester
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