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See how verdicts work1-bedroom flat · LE2 2PP
Listing removedReduced £5k (−3.4%) on 5 AugListed 410 days
Opportunity summary
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About
This well presented and deceptively spacious first floor apartment is offered with no upward chain and is located within a purpose-built development off the main London Road into Leicester.
A highly sought after residential area on the borders of Oadby, Stoneygate and Clarendon Park the apartment offers easy access into the city of Leicester and is close to a wide variety of local amenities.
Large supermarkets, a selection of smaller shops and services and a plethora of eateries are all readily accessible. Medical and leisure facilities are also nearby.
The apartment has wide ranging appeal and would be suitable for first time purchasers, professional individuals and couples as well as investors looking for a buy-to-let.
Access to the flat is via a secure intercom service into a shared entrance area with stairs leading up to the apartment itself.
Once through the front door you enter an 'L' shaped entrance hall, off which is a large double doored built-in storage/cloakroom cupboard. There are then doors off to all rooms.
The main lounge diner is a fantastic space filled with plenty of natural light thanks to a large window to the rear elevation.
There is amp0le room for a range of lounge and dining furniture with the room able to be configured in a variety of ways.
The main focal point of the room is a feature fireplace which does not accommodate an actual fire but could be used for decorative purposes to stand candles or flowers or even an electric burner.
The current owners have also replaced the old storage heaters with more efficient slimline panel heaters which are found throughout.
Unlike many modern apartments which the kitchen is often open plan to the main living space this flat has a separate kitchen which will appeal to many buyers.
The kitchen has a range of base and wall-mounted fitted units with roll-edge work surfaces and a stainless-steel sink and drainer.
There is ample space for a cooker, plumbing for a washing machine and under counter space for a fridge.
The bedroom is again a well-proportioned double room which benefits from a range of fitted wardrobes, drawers and overhead storage cupboards.
Like the lounge and kitchen another large window offers lots of natural light which is a real feature of the apartment.
Finally, there is a shower room which comprises a three-piece white suite to include a shower cubicle, low flush WC and pedestal wash hand basin.
The shower room has a tiled floor and electric heated towel rail.
The block of apartments is set in pleasant communal grounds with a large lawn area to the front which means the block is set well back from the road and is a great space to relax in the warmer summer months.
There is a car park that offers resident parking and the apartment also comes with its own garage situated toward the rear of the flats and could be used for parking but also provides useful additional storage space.
This is a delightful flat that is worthy of serious consideration by anyone looking for this type of property. Internal viewing is highly recommended.
Agent Note: The property is Leasehold approx 947 years remaining on the lease, the service charge is £1,000 per year and ground rent is £10 per year Knighton is a highly sought after residential suburb of Leicester situated to the south of the city centre.
There are excellent road links in and out of the city via the Welford Road (A5199) or the A6.
There are a wide range of local shops and amenities including those on the popular Queens Road area, as well as the nearby High Streets of Oadby and Wigston.
The schooling in the area is also very highly regarded particularly Overdale Junior and Infant Schools and Leicester High School for girls.
Also noteworthy of the area is the fabulous Knighton Park which is an extensive area of green space and has numerous facilities for all family members.
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.
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FAQ
About Flat 5, Braids Court, 502, London Road, Leicestershire
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