2-bedroom flat · PE21 8RD
Sold STCListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pygott and crone are delighted to market this spacious 2 bedroom first floor apartment which is ideally located within walking distance to the town centre with all amenities and both bus and train stations.
Offered to the market with no onward chain and being a fantastic investment opportunity with potential gross yields of 9.5% a viewing is highly advised.
The property has also undergone a scheme of re-decoration and further works have been completed over recent years such as New Facias and Gutters in 2024, New Electric RCD Unit in 2019, Re Fitted Boiler and Gas and Electric Checks which are both up to date.
Internally the accommodation briefly comprises, entrance hall, lounge, kitchen diner, two bedrooms and the family bathroom.
The property further includes two large internal cupboards and a large loft with loft ladder which is partly boarded and has power.
There is also an internal brick shed opposite the entrance to the flat with an electric light and one external brick shed in the yard area.
Externally the property has a communal yard area and communal parking on a first come first serve basis.
Boston has also been granted a 14.8 Million pound regeneration project at Rosegarth Square which is directly outside of the flat.
The project includes creating an urban park, sensory garden and an amphitheatre style seating area.
More information on this can be found here Please note - We have been advised that the property is Leasehold with 95 years left on the lease. The leasehold charges are as follows.
£10 for Ground Rent, £34.43 For Buildings insurance and £249.98 for service charges, these are all paid per annum and the buildings insurance and service charges are an average of the last four years .
Parking permits are also available for nearby carparks within walking distance.
Entrance Hall 1.95m x 3.74m - 6'5" x 12'3" Lounge 4.56m x 3.26m - 14'12" x 10'8" Kitchen/Dining Room 2.33m x 4.38m - 7'8" x 14'4" Bedroom 1 3.97m x 2.64m - 13'0" x 8'8" Bedroom 2 2.96m x 2.29m - 9'9" x 7'6" Bathroom 2.58m x 1.97m - 8'6" x 6'6" Store
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About James Street, Boston, Lincolnshire, PE21
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