2-bedroom flat · NG34 7UL
Listing removedListed 1169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With the advantage of no chain, a much larger than average, light and airy Two Bedroom First Floor Retirement Apartment for the over 60's within this McCarthy and Stone purpose built development.
The property is within easy walking distance of the town centre and has amenities including House Manager, Residents' Reception Room, Laundry Room and fully maintained communal gardens.
The accommodation comprises Hall, Re-Fitted Shower Room, Lounge Diner, Kitchen and Two Bedrooms and the property benefits from Electric Heating and Double Glazing.
This is a rare opportunity to purchase a flat on the edge of the building which provides extra windows and early viewing is highly recommended to appreciate the standard of accommodation on offer.
Location: Sleaford is an expanding Market Town with amenities to cater for most day to day needs and facilities including excellent primary and secondary schools, swimming pool and leisure centre, vets, library and good road and rail links to surrounding areas, including Grantham with an Intercity rail connection to London Kings Cross.
Directions: Walking from our office, proceed into Southgate and after the Riverside Shopping Centre, take the first turning on the right hand side into Jermyn Street.
Moores Court is on the right hand side after the Catholic Church.
Lounge: (5.66m (18' 7") x 3.35m (11' 0") Max) Kitchen: (2.67m (8' 9") x 1.70m (5' 7")) Bedroom 1: (5.31m (17' 5") x 4.70m (15' 5") Max) Bedroom 2: (3.17m (10' 5") x 2.67m (8' 9")) Agents Note: The property is offered on a Leasehold basis with a lease of 125 years from 2003.
There is a ground rent payable of £440.00 p.a. And a management fee of approximately £4,000 p.a. Council Tax Band: (B)
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 32, Moores Court, Sleaford
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