2-bedroom flat · LS3 1BQ
No longer listedListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***SPACIOUS TWO BED/TWO BATH PROPERTY IN THIS CONVERTED PROPERTY WITH CHARACTER & HIGH CEILINGS***SOUGHT AFTER LOCATION OF HANOVER SQUARE*** Comprising; Open plan lounge/diner/kitchen, two double bedrooms, one with en-suite shower room and a house bathroom with bath and shower.
A short walk to all amenities and with easy access to the motorway network. On street permit parking. Furnished. Deposit £1125. Available 4th December, Council tax band C, EPC rating D.
Communal Entrance Communal Hall with stairs to all floors. Living Room/ Kitchen Large open plan living room and with fire surround Large windows.
Open plan kitchen fitted with a range of wall and base units with worktops over, stainless steel sink with mixer tap, electric oven and hob with extractor.
Bedroom 1 Large double bedroom with windows and fire surround electric wall heater. Access to ensuite. En Suite Walk in shower, W/C and hand wash basin. Tiled walls.
Bedroom 2 Double bedroom with window, electric wall heater. Bathroom Three piece bathroom suite, with shower over bath, W/C and hand wash basin, tiled walls and floor.
Holding Fee Please note, a holding fee equivalent of 1 week rent will be payable upon application and will form part of the first month rent
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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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 Hanover Square, LS3
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