2-bedroom flat · LE2 2AS
Sold STCListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale is this TWO BEDROOM apartment located on the GROUND FLOOR in STONEYGATE, with EXTENDED LEASE The apartment briefly comprises a hall, lounge, kitchen, two bedrooms and a bathroom.
The flat has well maintained COMMUNAL GARDENS and PARKING by permit and is offered for sale with NO UPPER CHAIN.
The Lawns is well served for the University of Leicester, Leicester Railway Station, the City Centre and the fashionable Queens Road shopping parade with its array of bars, bistros and boutiques.
Hall - L shaped, double glazed front door, radiator, fuse box, coving, two built in cupboards one housing 'Worcester' boiler.
Lounge - 3.56 x 3.45 (11'8" x 11'3") - Gas fire, coving, radiator, double glazed sliding doors to front aspect leading out to a patio area.
Other Aspect - Kitchen - 3.56 max x 2.96 (11'8" max x 9'8") - Fitted units with work tops and tiled splash backs, sink with drainer, integrated fridge and freezer, entry phone, four ring gas hob and oven, gas meter, space for fridge freezer, radiator, double glazed window to side aspect with fitted folding security grill.
Other Aspect - Bedroom One - 3.20 x 3.45 (10'5" x 11'3") - Sliding door, coving, gas heater, double glazed window to front aspect.
Bedroom Two - 3.46 x 2.03 (11'4" x 6'7") - Sliding door, radiator, double glazed window to front aspect.
Bathroom - 2.00 x 1.99 (6'6" x 6'6") - Bath with mains shower, pedestal wash hand basin, low level w/c, heated towel rail, tiled walls, Outside - There are communal gardens to the front and rear, with this apartment having direct access to the front gardens.
Permit parking available. Lease - Freeholders PA Housing Lease is 215 years from 16th March 1984. 173 Years Remaining Service Charge £93.84 per month. Free Valuation - Thinking of selling?
We would be delighted to provide you with a free market appraisal/valuation of your own property.
Please contact Barkers to arrange a mutually convenient appointment on Tel: General Remarks - We are unable to confirm whether certain items in the property are in fully working order (i.e.
gas, electric, plumbing etc.) The property is offered for sale on this basis. Prospective purchasers are advised to inspect the property and commission expert reports where appropriate.
Barkers Estate Agents have a policy of seeking to obtain any copy guarantees / invoices relating to works that may have been carried out by a previous or existing owner.
Please ask one of our staff members to check files for any relevant documentation that have come to our attention.
Photographs are reproduced for general information and it must not be inferred that any items shown are included in the sale with the property.
MONEY LAUNDERING Under the Protection Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e.
passport or driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase of the sale of a property.
MORTGAGES Barkers Estate Agents offer the services of an independent mortgage and financial adviser. Please ask an advisor for further information.
VIEWING TIMES Viewing strictly by appointment through Barkers Estate Agents. Hours of Business: Monday to Friday 9am -5pm Saturday 9am - 4pm
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
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FAQ
About The Lawns, Stoneygate Road, Leicester
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