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See how verdicts work2-bedroom flat · LE10 1NX
Sold STCListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GROUND FLOOR FLAT IN A GATED COMPLEX, CLOSE TO TOWN CENTRE An excellent opportunity to purchase this two bedroom ground floor flat ideally located within easy walking distance of Hinckley town centre and local amenities.
The accommodation briefly comprises of a communal entrance to the front with inner lobby and access to the entrance hallway, lounge, kitchen, two bedrooms and a bathroom.
The property also benefits from double glazing, electric heating, and a rear access door to the patio area and one parking space. NO ONWARD CHAIN.
Leasehold 999 years from 25th September 1993 / service charge £1,050 per year / Ground rent £50.00 per year.
COMMUNAL FRONT ENTRANCE A double glazed entrance door with phone entry system leads to the communal hallway and door to inner lobby the two flats.
ENTRANCE HALLWAY An entrance door leads through to the hallway with door phone entry system.
LOUNGE 15' 7" x 5' 1" (4.772m x 1.566m) Double glazed door and window to rear patio area, electric heater, door to kitchen.
KITCHEN 8' 7" x 6' 0" (2.620m x 1.833m) Fitted with a matching range of base and drawer units with roll top work surfaces above and inset sink unit with mixer tap, built in electric oven and hob with extractor hood above, space and plumbing for washing machine, storage cupboard with shelving, part tiled walls, vinyl floor covering, double glazed window to rear.
BEDROOM ONE 11' 10" x 9' 5" (3.615m x 2.879m) Fitted wardrobes and overhead cupboards with matching bedside cabinets and drawer units, double glazed window to front.
BEDROOM TWO 6' 5" x 12' 1" (1.964m x 3.703m) Double glazed window to front, electric heater.
BATH / SHOWER ROOM Shower cubicle with glazed shoer screen, electric shower unit, pedestal hand wash basin with mixer tap, low level WC, fully tiled walls, ceramic tiled flooring.
OUTSIDE There is a small patio area and lawned area adjacent to the rear door and an allocated parking space.
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
Agent & docs

FAQ
About St Johns, John Street, Hinckley
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