16-bedroom house · LE10 1SP
To rentListed 151 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The subject property comprises prominent hotel premises constructed of solid brick work surmounted in a pitched and hipped tile roof.
The premises features 16 bedrooms, large dining room, commercial-style kitchen, bar and car park to the front, with large, mature gardens at the rear of the property.
In more detail the accommodation comprises of the following: Lower Ground Floor: Staff WC, Laundry Room and fully fitted Commercial Kitchen.
Ground Floor: Entrance Hall, Dining Room, Bar/Lounge, Male, Female & Disabled WC facilities, 1no. Ensuite Bedroom and 2no. Bedrooms with Shared Bathroom. First Floor: 9no. Ensuite Bedrooms.
Second Floor: 2no. Bedrooms with Shared Bathroom. 2no. Ensuite Bedrooms, one with Private Study and Kitchen. Externally, there are mature gardens and a Workshop and Garage.
The property stands on a plot in the order of 0.60 acres (0.24 hectares). Lower Ground Laundry Lower Ground Kitchen Ground Dining Room Ground Bar Ground Workshop Ground Garage
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Elm Lea, Ashby Road, Hinckley
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