2-bedroom property · LE10 0JA
Listing removedListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN.
This two-bedroom park home, located in Hinckley, would be great for a couple or single person either looking to downsize, or for a reasonably priced home in a peaceful park home community.
Upon arriving at the property, you will first take note of its neat and tidy exterior, and in particular, the attractive front garden, which with its low maintenance gravelled borders containing mature shrubs, and garden path winding through it, gives this property great kerb appeal.
Stepping inside through a welcoming front door, you will first enter a large living area.
Struck the natural light provided by large windows on two sides, you will also be pleased by its sheer size, with ample space for both living room furniture as well as a dining room table and chairs.
Progressing down a hallway, you’ll find a large kitchen on the right, which contains an electric hob, oven and grill, a stainless-steel sink and kitchen drainer, ample storage in its various kitchen units and plenty of worktop space.
There is also access from here into a porch onto the side of the property which provides alterative access to this home and a convenient place to store shoes, coats and other belongings.
At the rear of the property, and overlooking the garden, are two well-proportioned double bedrooms.
The L-shaped master bedroom, in particular, is a very good space that would easily accommodate a double bed and an array of other bedroom furniture.
Both bedrooms are served by a bathroom opposite the kitchen, which contains a bath with overhead shower, a basin and w/c.
Finally, the property also includes a very nice garden space both to the side and rear, which being of a low maintenance design, contains a gravelled area, raised beds and a patio.
Please note 10% of the agreed sale price will need to be paid to the park owner. The town of Hinckley lies to the West of Leicester and to the East of Nuneaton.
Road links from the town are excellent with the M69, M1 and A5 all readily accessible making it a fantastic location for commuters travelling in a range of directions.
For those not reliant on the car Hinckley has a railway station providing easy access to Leicester and a number of regularly serviced bus routes.
The town has a plethora of local shops and amenities including the large supermarkets and there is several reputable schools including Richmond Primary School, Battling Brook Community Primary and Redmoor Acedemy.
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
Agent & docs
FAQ
About Springfield Park, Wykin Road, Hinckley, Leicestershire, LE10
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