3-bedroom detached house · LE9 4DX
Listing removedListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by informal tender - total site area 1.48 acres (0.6 ha).
October House comprises two former cottages which have been combined to form a three-bedroom detached dwelling on a plot of approximately 0.221 acres (0.09 ha).
The property is of solid brickwork constructions surmounted by a pitched tiled roof.
The accommodation briefly comprises: Ground Floor: Entrance Hall, Lounge, Dining Room, Breakfast Room, Kitchen, Lobby and Bathroom. First Floor: Landing and three Bedrooms.
Externally, there are sizeable gardens to the rear and a car parking space and small enclosed garden to the front elevation.
The plots briefly comprise the following: Plot 1 - allotment plot of 0.113 acres (0.046 ha). Plot 2 - allotment plot of 0.116 acres (0.047 ha). Plot 3 - allotment plot of 0.115 acres (0.047 ha).
Plot 4 - allotment plot of 0.113 acres (0.046 ha). Plot 5 - allotment plot of 0.097 acres (0.039 ha). Plot 6 - allotment plot of 0.129 acres (0.052 ha).
Plot 7 - allotment plot of 0.344 acres (0.139 ha).
Plot 9 - allotment plot with agricultural building of 1,130 sq ft (105.0 sq m) erected thereon of steel portal frame construction with a solid concrete floor, two roller shutter access doors and 2.4m eaves height.
Plot 10 - allotment plot of 0.117 acres (0.047 ha) with lapsed planning consent for a four-bedroom residential dwelling.
October House 3 bedroom detached dwelling Plot 1 Plot 2 Plot 3 Plot 4 Plot 5 Plot 6 Plot 7 Plot 9 Plot 10
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 October House, Spring Gardens, Leicester
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