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See how verdicts work2-bedroom flat · PE10 9FA
Sold STCReduced £5k (−2%) on 26 OctListed 326 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RETIREMENT PROPERTY: A desirable two-bedroom apartment on the ground floor.
This property consists of a lounge with patio door, which encourages a light airy feel and leads out into the beautiful communal West garden; and a fully fitted kitchen including hob, eye level cooker, fridge/freezer and washer/dryer.
The master bedroom includes a double built-in wardrobe; alongside this is an additional bedroom which can be used as an office or dining room if required.
The large bathroom comes with a bath and separate level access shower; to compliment this there is an additional guest cloakroom. The entrance hallway hosts a storage cupboard and airing cupboard.
COUNCIL TAX BAND: C EPC RATING: C MONTHLY SERVICE CHARGE: £740.56 SERVICE CHARGE PERIOD: 1 April 2025 - 31 March 2026 12 MONTH GROUND RENT: None Payable GROUND RENT DUE FOR REVIEW: N/A LENGTH OF LEASE: 125 Years from 01/02/2008 RESALE FEES: Less than 12 Months - 1% Reserve Fund Contribution 12-24 Months - 2% Reserve Fund Contribution 24 Months + - 3% Reserve Fund Contribution LOCATION OVERVIEW: Type: Independent Living.
Properties: Constructed by Stepnell Ltd. Completed 2008. Comprising of: 38 x two bedroomed apartments 7 x one bedroomed apartments Services: Duty manager on site 24/7.
Emergency callouts between 9.30pm - 7.30am. One and half hour's service time per week. Restaurant facility offering a three-course lunch every day. Handyperson. Laundry service.
Facilities: Lift access to all levels, Owners' lounge, dining room, guest suite, hobbies room, landscaped gardens and car parking. Secure door entry system. Emergency alarm call system.
Accessibility: All areas of Browning Court are wheelchair accessible. Situated in the centre of Bourne, within close proximity of the supermarket and an excellent range of local shops and amenities.
Lifestyle: Browning Court has a busy social programme including coffee mornings, tai chi, bingo, quiz nights, cards, scrabble, themed evenings with local entertainers and charity fund raising events.
New Owners are accepted over 60 years of age. Pets are welcome (subject to terms of the lease). Tenure: Leasehold 125 years from 2008.
Manager's note: This development has a lovely friendly atmosphere. Many Owners lunch together on a regular basis.
We are excellently positioned for local facilities and promote friendly, professional, caring support for an independent lifestyle. There is a well-established garden.
The community make new Owners very welcome. Browning Court Manning Road Bourne Lincolnshire PE10 9FA
Value & comps
No previous sales on record.
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 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 15 Browning Court, Manning Road, Bourne, Lincs, PE10 9FA
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