1-bedroom flat · PE9 2EE
Sold STCListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale: A one-bedroom ground floor flat in a courtyard development close to the centre of Stamford, offered with no onward chain and the benefit of allocated parking.
The property provides a well-proportioned reception room with wood-effect flooring and neutral décor, offering defined space for both seating and dining.
A separate fitted kitchen includes worktop and cupboard space together with essential appliances, creating a practical environment for day-to-day cooking.
The double bedroom is a good size, with room for freestanding storage. A fully tiled bathroom with shower enclosure, WC and wash hand basin completes the accommodation.
Set within a stone-built courtyard, the flat enjoys an attractive setting within walking distance of Stamford’s historic streets.
The town offers a range of independent shops, cafés and restaurants, as well as supermarkets and everyday services.
Green space is close by at Stamford Meadows and along the River Welland, providing pleasant walking routes towards Burghley Park.
Stamford has several well-regarded primary and secondary schools, making the location appealing for a range of buyers.
Stamford railway station is around a 10–15 minute walk, with regular services to Peterborough in about 15 minutes, where onward connections to London King’s Cross are available in under an hour, and to destinations across the region.
Road access is convenient via the nearby A1 towards Peterborough, Grantham and the wider East Midlands.
This one-bedroom ground floor flat with allocated parking presents a straightforward purchase in a sought-after Stamford position. Communal Entrance Security entrance phone, door to apartment.
Entrance Hall Textured ceiling, recessed spotlights, smoke alarm, wall mounted consumer unit, electric radiator, entry phone, doors to bedroom, shower room, kitchen and lounge.
Lounge (4.14m x 3.28m) Textured ceiling, timber beams, uPVC double glazed window to front, electric radiator, wood laminate flooring, telephone/broadband point.
Kitchen (3.18m x 1.63m) Fitted in a range of modern eye and base level units, sinlgle bowl stainless steel inset sink unit with swan neck mixer tap and base units below, work surface areas with further units below, built in 4 ring electric hob with oven below, space for washing machine and fridge freezer, textured ceiling, extractor fan.
Bedroom (3.53m x 3m) Built in wall to wall wardrobes to one side, uPVC double glazed window to rear, electric radiator, textured ceiling. Shower Room (3.2m x 1.9m) Measurement taken from door recess.
Fully tiled and fitted in a 3 piece suite comprising shower cubicle with electric shower, 2 button flush low level WC, pedestal wash hand basin, wall mounted heated towel rail, shaver point, extractor fan, airing cupboard.
Parking Allocated parking for 1 car Agents Notes The vendor has informed us that: Length of Lease: 84 years Maintenance & Ground Rent: £2,400 p/a No Smoking and Some pets may not be allowed.
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.
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FAQ
About 42, Phillips Court, Lincolnshire
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