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See how verdicts work2-bedroom flat · LE5 5NS
Listing removedListed 337 daysAuction 17 Dec · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*For Sale by Auction on 17th December 2025 commencing at 05:00 PM* Please note this Auction will be steamed live via our website with Remote Bidding by Proxy, Telephone or Internet Only.
Leasehold Investment. Two bedroom First floor maisonette currently Let on an Assured Shorthold Tenancy having gas central heating & double glazing with garage. Ideal investment opportunity.
Location The property is located near the main A6030 Wakerley Road.
Situated within a mainly residential location, close to all amenities, schools for all grades, places of worship & Leicester General Hospital.
Accommodation First Floor Flat: Entrance area, stairs leading to first floor landing, living room, kitchen, two bedroom, bathroom. Outside: Front garden area along with garage in block.
Tenure Leasehold subject to existing tenancy.
The property has been Let on an Assured Shorthold Tenancy from the 5th November 2025 for a term of 12 months at a rent of £893.00 per calendar month exclusive (£10,716.00 per annum).
The Maisonette is held on a lease for a term of 999 Years from 1st December 1972. We have been informed there is ground rent payable of £30.00 per annum (please refer to legal documentation).
Note Purchasers are to be made aware that an additional charge of £950.00 + VAT of the purchase price will be collected on completion by the seller to cover costs incurred in selling the property.
The completion date will be on or before 27th February 2026 following exchange of contracts. Energy Performance Certificate EPC Rating C.
Solicitors Bond Adams Solicitors, 94 London Road, Leicester, LE2 0QS.
Tel: (REF: S.Sayani) Email: *Please do not hesitate to contact our office on should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions* NOTE: Properties can be purchased prior to Auction
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 15 Okehampton Avenue, Evington, Leicester, LE5 5NS
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