1-bedroom flat · LE13 0QP
Listing removedListed 183 days
Opportunity summary
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About
Parking Arrangements: Allocated Windows: uPVC Double Glazed Heating: Gas Vendors Position: No Upward Chain Garden Orientation: North Facing EPC Rating: C Council Tax Band: A Total Living Space: Approx 505 sqft Offered for sale with no upward chain is this first floor one bedroom apartment situated on the South side of Melton Mowbray.
An ideal opportunity for the first time buyer or investor with accommodation comprising, living room, kitchen, bedroom and shower room. The property is Leasehold with 105 years remaining on the Lease.
Accessed via the front door with stairs rising to the first floor apartment. There is a useful storage cupboard at the bottom of the stairs.
Door off to a good sized, light and airy living room with two windows to the front aspect, one to the side and door leading through to an inner hallway.
The kitchen is fitted with wall and base units, straight edge wooden work surfaces, sink and drainer, space and plumbing for a washing machine, freestanding cooker, wall mounted central heating boiler and windows to the rear and side aspects.
There is a double bedroom with a window to the rear aspect and a shower room fitted with a three piece white suite comprising a close coupled WC, wash hand basin set in a vanity unit with cupboard below and a corner shower cubicle.
Off-road parking can be found at the rear of the property and access to an outside clothes line. £10 per annum Ground Rent £480 per annum Service Charge EPC Rating: C
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.
Area
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FAQ
About Blakeney Crescent, Melton Mowbray, LE13
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