1-bedroom flat · PE21 6JX
Listing removedListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully refurbished one-bedroom home offering modern, low-maintenance accommodation in a convenient Boston location.
The property has been improved throughout and now provides a fresh, contemporary interior with a practical layout.
The living room is a generous size and gives access to a newly fitted kitchen with a range of integrated appliances, understood to include an oven, fridge-freezer and washer-dryer.
The kitchen also benefits from an instant boiling-water tap for added everyday convenience. The accommodation further includes a spacious bedroom and a modern bathroom.
Waterproof flooring has been fitted to the main living areas, combining a smart finish with durability and ease of maintenance.
The property also benefits from an upgraded electric heating system with modern radiators, together with improved window functions and enhanced security features.
(Buyers should satisfy themselves as to the specification, condition and operation of all fixtures, fittings, appliances, heating, flooring and windows.) Situated within a popular residential area, the property is well placed for local shops, amenities, transport links and Boston town centre.
It may appeal to a single buyer, couple, investor, or anyone looking for a character property with modern upgrades. 63 years left on lease.
Ground rent: £20 per year Service charge: £140 a month Tenure: Leasehold. Accommodation Total gross internal area: approximately 59 sq m / 635 sq ft. Entrance Leading directly into the living room.
Living room 4.8m x 4.5m / 15'9" x 14'9" Kitchen 1.5m x 2.7m / 4'11" x 8'10" Bedroom 4.8m x 3m / 15'9" x 9'10" Bathroom 2.1m x 2.6m / 6'11" x 8'6" Valuation information A valuation was obtained in January 2026 from VAS Group for loan-security purposes.
Buyers should rely on their own valuation, survey, inspection, legal advice and lender enquiries. The valuation recorded a cash value of £80,000.
It noted that the building is a converted property with solid brick walls and a pitched slate roof, and that the property is approximately 198 years old.
It described the internal condition as “good” and the fixtures and decoration as “excellent”.
It also recorded that the property was fit for immediate occupation, with mains electricity, water and drainage, no gas, and electric central heating. The market rent was stated as £650 pcm.
The valuation also stated that the property was not considered suitable for a normal mortgage because the limited lease term restricts lending.
Buyers should make their own enquiries with their lender or broker before proceeding. The property is understood to be Grade II listed, and buyers should verify this themselves.
Leasehold and freehold position:- The property is leasehold. Buyers should be aware that initial investigations indicate that the freehold title to the building is currently unregistered.
The available information suggests that the freehold was historically held by Richard Philip Tupper and Edgar Hedley Garth Isaac.
We understand that Mr Isaac has died, and enquiries are ongoing in relation to the present freehold position, the relevant title deeds, and any steps required to deal with or register the freehold title.
Information provided by the managing agents indicates that previous enquiries have been made into resolving the position, including contact with solicitors, but the matter has not yet been regularised.
The available correspondence suggests that, if the deeds cannot be located, a first registration application may require evidence reconstructing the title and explaining what has happened to the deeds.
Buyers should take their own legal advice and rely on their own enquiries in relation to the lease, the remaining term, the freehold position, mortgageability, ground rent, service charge, listed status, any lease extension rights, and any implications for future saleability.
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 Principal House, South End, Boston, Lincolnshire
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