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See how verdicts work1-bedroom flat · PE21 9EG
For saleListed 371 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built first floor one bedroomed leasehold apartment for over 55's. Located in the Mill Lodge Development and situated within walking distance of Boston town centre.
Accommodation comprises a hallway, kitchen, lounge, one double bedroom and bathroom. Communal areas.
Being offered for sale with no onward chain Entrance Hall Having entrance door, electric night storage radiator, coved cornice, ceiling light point, built-in cloak cupboard, built-in airing cupboard.
Lounge 14' 3" (maximum with reduced head height) x 11' 0" (4.34m x 3.35m) Having two windows to front elevation, two electric night storage radiators, coved cornice, ceiling light point.
Kitchen 7' 4" x 7' 1" (2.24m x 2.16m) Having counter tops with stainless steel sink and drainer, base level storage units, drawer units, matching eye level wall units, space for standard height fridge or freezer, space for electric cooker, coved cornice, ceiling light point, extractor fan.
Bedroom 14' 5" (maximum with reduced head height) x 8' 9" (maximum) (4.39m x 2.67m) Having window to front elevation, electric night storage radiator, coved cornice, ceiling light point.
Bathroom Being fitted with a three piece suite comprising WC, pedestal wash hand basin, panelled bath, walls tiled to approximately half height, extractor fan, ceiling light point, obscure glazed window.
Exterior To the front of Mill Lodge there is a good sized block paved car park with communal facilities for residents and visitors.
To the rear there is a walled garden which is mainly laid to lawn, also with shrubs, bushes, concrete service paths and patio areas.
Services Mains electricity, water and drainage are connected to the property.
Agents Note Prospective purchasers should be aware that Mill Lodge residents must be over 55 years of age to allow occupancy.
The property is to be purchased on a leasehold basis and the agent has been made aware that the lease is 999 years and commenced in 1988.
There is a current service charge of £231.77 per calendar month payable for the maintenance and upkeep of the communal areas such as day room, laundry room and garden area.
This also covers building insurance. There is a current annual ground rent of £117.53. Prospective purchasers should also be aware that this development is designed for independent, active living.
There are no care related services available. Reference 02102025/29474538/car
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
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FAQ
About 20 Mill Lodge, Willoughby Road, Boston
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