3-bedroom bungalow · LE16 9JJ
Listing removedListed 128 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer this detached three-bedroom bungalow, set on a spacious corner plot, in a popular quiet, residential area of Market Harborough.
Within easy walking distance to the town centre and all its amenities.
The property has recently undergone extensive refurbishment (completed March 2022) and has had a single storey extension to the rear, new kitchen and bathroom, new combi boiler and electrical rewiring throughout.
The bungalow has been finished to a high standard with modern, clean, neutral decoration with new flooring throughout.
The gardens surround the property, the frontage has been improved to now accommodate a driveway and off-road parking for two cars. To the rear is a private secure garden with a timber shed.
The accommodation is as follows: Entrance hallway with all rooms leading off: Three double bedrooms to the front of the bungalow with bedrooms one and two having built in wardrobes.
The light filled bathroom has been fitted with modern white ceramic fittings, with a panelled bath and shower over, pedestal wash basin and WC.
To the back of the bungalow is the spacious L-shaped living kitchen/diner with vaulted ceiling and large patio doors overlooking the pleasant mature garden.
The kitchen is fitted with dove grey cabinets and wood worktop, built in electric hob, single electric oven, and canopy extractor fan. Space and plumbing for a washing machine.
Built in fridge freezer and dishwasher.
There is also a good sized Sitting/Living room with fireplace and south facing window which opens onto the new extended living kitchen/diner The garden is mature with a paved patio area, lawn area, mature borders, good sized timber shed and fully enclosed fencing to all sides.
The front of the bungalow (bedrooms) faces east so has the morning sunshine with the rear of the property facing west so has late afternoon/evening sunshine. Viewing highly recommended.
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
Agent & docs
FAQ
About 18 Balfour Gardens, Market Harborough, Leicestershire, LE16
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