1-bedroom flat · LE4 4JU
Sold STCListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well presented and maintained one bedroom first floor apartment located in a popular over 55’s independent living complex.
Situated in the heart of Birstall with a wide range of local amenities including shops, cafe’s, eateries and village store. Also having good transport links and a regular bus services close by.
The apartment has accommodation comprising entrance hall with two useful storage cupboards. A lounge diner which is of a good size and has French doors which open to a Juliet balcony.
The kitchen is accessed from the lounge diner and fitted with a range of wall, base and drawer units with an ample amount of work surface over.
Having an integrated oven and hob with cooker hood over as well as space for further appliances. The double bedroom is a good size with plentiful storage provided by built in wardrobes.
The shower room is fitted with a three piece suite and finished with complimentary wall tiling.
Watermead Court has some great features for residents to enjoy including a spacious communal lounge where activities are often held.
A shared kitchen, laundry room as well as a guest suite for family and friends to stay in (charges apply to the guest suite) The communal gardens are well stocked with plenty of greenery and shrubs which are well maintained by the management company.
There’s also a good number of benches provided in these shared spaces to enjoy. The communal car park is available for residents to use.
This fantastic property is being offered for sale with no upward chain. Early viewings are advised due to the high level of interest expected in this apartment.
NOTE: Tenure Type: Leasehold Lease Term: 125 Years granted 01/01/2005 Qualifying Age: Male over 55 and Female over 55 Service Charge : £331.56 Per Calender Month Please be advised that the Scheme is designed for ‘Independent Retirement Living’ and no care or assistance is provided by Amplius management company.
EPC Rating: B Disclaimer In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check.
An administration fee of £40 per property will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Wanlip Lane, Birstall, LE4
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