2-bedroom flat
To rentListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom apartment situated on the second floor of a converted mill with views over the town.
Having a secure entrance with a lift to the upper floors and within walking distance to the town centre and all local amenities the apartment is in a great location.
With well proportioned accommodation the property includes hall, 26ft living space with open plan fitted kitchen, two double proportioned bedrooms, en-suite and bathroom.
It comes with a dedicated parking space and viewing is a must to appreciate. No smokers. Entrance Hall: Intercom phone system.
Reception Hall with doors to: Open Living Area: (8.10 m x 2.66 m (26'7" x 8'9")) An open plan living space offering views across the town. Electric panel heaters. Double glazed windows. Fitted carpet.
Open plan to the kitchen. A full range of units incorporating an oven with hob over and extractor hod over. Laminate floor covering. Inset stainless steel sink unit. Windows to the side elevation.
Bedroom One: (3.55 m x 2.67 m (11'8" x 8'9")) Electric panel heater. Fitted carpet. Window to the side elevation. En-Suite Shower Room: (1.97 m x 1.82 m (6'6" x 6'0")) An enclosed shower cubicle.
Low level W.C and pedestal wash hand basin. Tiled flooring. Tiled walls. Window to the side elevation. Extractor fan Bedroom Two: (2.85 m x 2.68 m (9'4" x 8'10")) Electric panel heater. Fitted carpet.
Window to the side front aspect. Bathroom: (2.15 m x 1.98 m (7'1" x 6'6")) Modern suite in white with panelled bath, with shower over and screen. Tiled surround.
Pedestal wash hand basin and low level W.C Wall hung mirror. Ceramic tiled flooring. Outside: Car park with dedicated numbered parking space.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Apartment 2, Alexandra Mill Queen Street, Leek
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