2-bedroom flat · LE2 7NB
Listing removedReduced £10k (−9.1%) on 8 JulListed 302 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Hampsons are delighted to present to the market this good sized, two bedroomed first floor apartment, representing the perfect opportunity for the first time buyer or investor alike.
The property is located close to good local amenities and regular bus route and the city centre is easily accessible.
The internal accommodation comprises in brief a private entrance hall with stairs rising to the first floor where there is a spacious lounge with feature fireplace, a kitchen which is fitted with a range of wall and base units with space for appliances and gas fired central heating boiler, two double bedrooms and a family bathroom which comprises a panelled bath with shower over, low flush WC and a pedestal wash hand basin.
Externally, there are lawned gardens to the front and there is a store and a gated yard to the side. We understand that the property is leasehold and that a 125 year lease was issued in 2022.
We are informed by the vendor that the service charge and ground rent is approximately £375 per annum in total. EPC Rating: C
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 193a Saffron Lane, Leicester
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