1-bedroom flat · LE12 9QQ
Listing removedListed 229 days
Opportunity summary
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About
ENTRANCE HALL Accessed via a uPVC and glazed door. Stairs rising to the first floor landing. Brand new replacement carpet.
LIVING ROOM 19' 2" x 12' 6" (5.84m x 3.81m) With uPVC framed double glazed window, electric panel heater, laminate flooring.
KITCHEN 12' 6" x 5' 11" (3.81m x 1.8m) With a range of units at eye and base level providing work surface, storage and appliance space.
Single drainer sink unit, brand new self standing electric cooker, plumbing for a washing machine, double glazed window, cupboard housing the hot supply cylinder. Brand new replacement flooring.
LANDING With side uPVC framed double glazed window, electric panel heater and two storage cupboards. Brand new replacement carpet.
BEDROOM 10' 4" x 10' 1" (3.15m x 3.07m) With uPVC framed double glazed window, electric panel heater and laminate flooring.
BATHROOM Comprising a suite in white of panelled bath with electric shower over, wash hand basin and W.C. Opaque double glazed window. GARAGE 18' x 8' 6" (5.49m x 2.59m) With manual up and over door.
TENURE Lease Start Date 30/11/1993 Lease End Date 01/06/2109 Lease Term 125 years from 1 June 1984 Lease Term Remaining 83 years We are advised there is a ground rent of £20 per annum.
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 Griffin Close, Shepshed
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