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See how verdicts work2-bedroom flat · LE13 1FH
For saleReduced £25k (−9.1%) on 25 OctListed 344 days
Opportunity summary
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About
A two-bedroom ground floor retirement apartment featuring a bright, spacious living room with patio and garden views.
The main bedroom includes a walk-in wardrobe and ensuite bathroom, plus a second double bedroom and modern guest shower room.
Catherine Place offers secure, low-maintenance living for the over-60s, with landscaped gardens, a communal lounge, and a friendly House Manager on-site.
Residents enjoy social events, a guest suite, pet-friendly policy, and lift access to all floors.
Built for comfort and peace of mind, this apartment includes energy-efficient design, 24-hour emergency call system, door camera entry, and other modern safety features.
Offered to the market with no onward chain.
Location Melton Mowbray is a thriving market town offering excellent local shopping and schooling facilities with the added benefit of being within easy commuting distance of the centres of Leicester, Nottingham, Loughborough, Grantham, Oakham and Stamford.
Superb private schooling is available at nearby Oakham in addition to Ratcliffe College and Leicester Grammar School.
The town is situated on the Leicester/Peterborough/Stansted railway with an excellent intercity service to London available from both Grantham and Leicester (approximately 1 hour).
Entrance Hallway With ceiling light point, radiator and 24 hour Appello emergency response and remote door entry system.
Door giving access to: Utility Storage Cupboard Housing a washer/dryer, smoke detector and providing storage.
Living Room A bright and spacious living room with uPVC double glazed door leading onto the sheltered patio area with garden views, ceiling light pendant, radiator and door to the kitchen.
Kitchen With a range of matching wall and base units, integrated fridge/freezer, electric oven, four ring hob with extractor over, integrated fridge/freezer, composite sink and drainer with mixer taps over, uPVC double glazed window to the rear aspect and ceiling light pendant.
Bedroom One With a uPVC double glazed window to the rear aspect, radiator, ceiling light pendant and access to walk-in wardrobe and en-suite.
En-Suite Fitted with a three piece white suite comprising a low level WC, vanity wash hand basin and double tray walk-in shower with tiled flooring, heated towel rail and ceiling light point.
Bedroom Two With a uPVC double glazed window to the rear aspect with garden views, radiator and ceiling light point.
Shower Room Fitted with a three piece white suite comprising low level WC, vanity wash hand basin and double tray walk-in shower.
There is tiling to the floor, heated towel rail and ceiling light point. Outside Outside offers a spacious and secure communal garden with a patio area all beautifully maintained.
There is also a private patio area accessed via the living room of the apartment. There is visitor parking available on site.
Services and Miscellaneous It is our understanding the property is connected to mains water, electricity and drainage. Annual Service charge: £4,233.94 for financial year ending 28/02/2026.
Ground Rent - Ground rent: £495 per annum. Ground rent review: 1st Jan 2034.
Lease term: 999 years from Jan 2021 Breakdown of Service Charge Cleaning of communal windows •Water rates for communal areas •Electricity, heating, lighting and power to communal areas •24-hour emergency call system •Upkeep of gardens and grounds •Repairs and maintenance to the interior and exterior communal areas •Contingency fund including internal and external redecoration of communal areas •Buildings insurance To check Internet and Mobile Availability please use the following link: checker.ofcom.org.uk/en-gb/broadband-coverage To check Flood Risk please use the following link: check-long-term-flood-risk.service.gov.uk/postcode
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 Pine Gardens, Melton Mowbray, Leicestershire
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