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See how verdicts work1-bedroom flat · LE7 1BT
Listing removedListed 481 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with a generous 107 years remaining on the lease, this practical one-bedroom first floor flat is ideal for first-time buyers, downsizers or investors alike, with a practical layout and plenty of scope for personalisation.
Situated within a residential setting, with residents' parking available in the car park outside and just a stone’s throw away from the bustling town of Syston, the property features a lounge with adjoining kitchen, a double bedroom and a useful additional room that could serve as a home office, dressing area or nursery.
The flat also includes a three-piece bathroom suite and various storage options.
Just a short walk from local shows and the popular park along the brook, it offers a convenient location with access to amenities and green space.
Entrance Hall The entrance hall is fitted with laminate flooring, has a radiator, and provides access to the lounge, bathroom, bedroom and extra room. There is space for shoes or coat storage.
Lounge (3.87m x 3.02m) With painted wood-effect flooring and two rear windows, the lounge also includes a radiator and leads directly into the kitchen, offering a simple open-plan flow.
Kitchen (2.94m x 2.8m) Located off the lounge, the kitchen includes a single oven, induction hob, extractor fan, grey base units, and a 1.5 bowl sink set beneath a front aspect window.
The floor is finished in laminate, and a radiator provides heating. There are also two built-in pantry/storage cupboards, and the Glow-Worm boiler is situated here.
The kitchen would benefit from some cosmetic attention but remains functional. Bedroom (4.1m x 3.1m) The bedroom is a good-sized double, with laminate flooring, a rear aspect window, and a radiator.
A door leads to a small additional room which offers flexible use.
Additional Room (Home Office / Walk-In Wardrobe / Nursery) (1.97m x 1.56m) Accessed via both the bedroom and the hallway, this room could suit various uses depending on individual needs.
While compact, it would work well as a small home office space, walk-in wardrobe, or nursery, subject to preferences.
It offers useful extra space not often found in similar flats Bathroom (1.92m x 1.74m) Fitted with an electric shower over bath, WC, sink, laminate flooring, and fully tiled walls, the bathroom also includes a frosted front window and a radiator.
It is serviceable but could be updated over time to modern standards. External The flat benefits from residents' parking in the car park just outside, making access easy and convenient.
Located just a short walk from a range of local shops and the park, the property is ideally positioned for both everyday essentials and outdoor leisure.
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 63, School Street, Leicester
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