2-bedroom bungalow · LE17 4UL
Sold STCListed 129 days
Opportunity summary
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About
"This delightful two bedroom retirement bungalow is situated on a highly regarded development of properties for the over 55’s known as ‘Holly Lodge’.
Residents here enjoy independent living but can also use the communal facilities including a lounge, communal gardens, laundry facilities and for that extra peace of mind, a 24 hour emergency helpline.
The bungalow itself has upgraded electric radiators throughout and offers accommodation to include an entrance hall with cloaks cupboard, lounge with feature fireplace, dining room/bedroom two, kitchen, principal bedroom with fitted wardrobes and refitted shower room.
Outside, to the front there is an enclosed patio seating area and a block paved driveway providing off road parking leading to an adjoining single garage." Entrance Hall uPVC entrance door to side aspect, loft access, inset ceiling downlights, built in storage cupboard, communicating doors.
Lounge 4.20m (13'9") x 3.44m (11'3") Feature fireplace incorporating electric coal effect fire, electric radiator, uPVC double glazed sliding patio door to front aspect, access through to: Dining Room/Bedroom Two 3.10m (10'2") x 2.34m (7'8") uPVC double glazed window to front and side aspects, electric radiator.
Kitchen 2.93m (9'7") x 2.43m (8') Fitted with a range of wall and base level units, work surfaces over, one and a half bowl stainless steel sink and drainer unit with mixer tap, tiling to water sensitive areas, built in oven, hob and extractor, integrated fridge and washing machine, electric radiator, uPVC double glazed window to front and rear aspects.
Bedroom One 3.99m (13'1") x 3.14m (10'4") uPVC double glazed window to rear aspect, electric radiator, two fitted double wardrobes.
Shower Room Refitted white suite comprising low level flush w.c., wash hand basin with vanity storage, shower enclosure with disabled grab rail,, tiling to water sensitive areas, inset ceiling downlights, extractor fan, heated towel radiator, tiled floor, built in airing cupboard with hot water cylinder and linen storage, obscure uPVC double glazed window to rear aspect Garden To the front there is a paved pathway to the entrance door with canopy porch/external light and a part wall enclosed paved seating area with shrub planted borders.
A block paved side driveway provides off road parking and leads to the single adjoining garage. The property also enjoys well maintained wraparound communal gardens.
Garage With electrically operated up and over door, power and light connected.
Miscellaneous Harborough District Council Council Tax Band C £2,170.69 Key features of the property include a part time warden, communal lounge, laundry and gardens and a 24 hour emergency careline system.
Please note that there is a service charge of approximately £309.00 payable per calendar month to First Port Retirement Property Services.
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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About The Hawthorns, Lutterworth, LE17
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