2-bedroom bungalow · LE13 1JB
For saleListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Summary Description An exciting opportunity to acquire this well presented two bedroom semi detached bungalow for the over 60's and which occupies a pleasant cul de sac position on the north side of town and is offered with no upward chain.
Entrance Hall Entrance via a part glazed front door with a frosted side window, there is a built-in double cloaks cupboard with cupboards above and a built-in airing cupboard with a radiator and a cupboard above, emergency alarm cord and a loft hatch providing access to an insulated loft area, doors to: Lounge Dining Room 13'9" x 12'9" A lovely light room with a box bay window to front and a door to: Kitchen 13'0" x 6'2" 7'0" into recess A dual aspect room with a window to rear, part glazed door to side and a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a sink drainer unit and a gas cooker point, plumbing for a washing machine, space for a fridge freezer and a wall mounted 'Glow Worm' boiler.
Bedroom One 12'9" x 9'2" A double bedroom with a window to front. Bedroom Two 8'7" x 7'0" 9'3" into doo recess Window to rear.
Shower Room 8'0" x 5'6" Frosted window to rear and a white suite to comprise: Low flush WC, pedestal wash hand basin and a walk-in shower cubicle, splash back walls and a vanity light with shaver points.
Front Well tended and mainly laid to lawn with shingled boarders, courtesy lighting, built-in meter cupboard and gated access to: Rear Garden Well tended and partly paved with established flowers, shrubs and hedging, a small lawn and shingled borders, there is a shed, courtesy lighting, an outside tap and a power socket, all mainly enclosed by panelled fencing.
Situation This property is situated within in a sought after development on the north side of town, convenient for Melton Country Park and the town centre.
Directions Proceed out of town along the Scalford Road for approximately half a mile and then turn left into De Montfort and the property is approximately 50 yards on the right.
Property Services/Extra Information There is mains gas and electricity connected through EON, mains water through Severn Trent and mains drainage. Broadband and Telephone not currently connected.
Mobile and Broadband - Please see Ofcom more information. P/N: Probate property. Waiting Grant of Probate. Lease Information/Restrictions Date of Lease: 2nd June 1989.
Term: 99 years from 1st September 1988 and so there is 61 years remaining on the lease (to be confirmed by the sellers solicitor). Service Charge Budget 2025/26 is currently £153.44 per month.
Service Charge 2026/2027 from 1st April 2026 will be £165.20 per month.
Please Note: fees become payable when the property is resold to include re-sales administration fee, contribution into major repairs fund (1% of the sales price for each year in occupation), legal fees and service charge arrears if applicable.
• Tenure Type: Leasehold • Lease Term: 02/06/1989 for a term of 99 Years • Qualifying Age: over 60 • Service Charge: £165.20 per month (From 01/04/26) • Please be advised that the Scheme is designed for ‘Independent Retirement Living' and no care or assistance is provided by Amplius.
P/N: In the Lease we have been made aware of the below regarding Pets; Not to keep pets in the premises except with prior written consent of the Society which consent may be withdrawn at any time if such pets causes a nuisance or annoyance to the Society or others owners or occupiers of dwellinghouses in the Estate.
Viewings Strictly by appointment through Mike Ford Estate Agents & Valuers Ltd. Telephone: .
Third Party Referral Arrangements Mike Ford Estate Agents & Valuers Ltd have established professional relationships with third-party suppliers for the provision of services to clients.
As remuneration for this professional relationship, the agent receives referral commission from third- party companies.
Details are available upon request at: Disclaimer Although Mike Ford Estate Agents & Valuers Ltd believe these details to be fair and accurate description of the property their accuracy cannot be guaranteed and they do not form part of any contract.
Prospective buyers should satisfy themselves as to the property's suitability and make their own enquires before making any financial commitment.
Only the fixtures and fittings described in these details are included in the selling price.
Mike Ford Estate Agents & Valuers Ltd has not checked they are fit for purpose and we have not tested any of the services (gas, electricity, water, drains and so on) mentioned.
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.
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