2-bedroom flat · LU7 1RS
Listing removedListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom apartment offers a well-considered layout arranged over a single floor.
The open-plan kitchen/living area benefits from a modern fitted kitchen with white gloss units, integrated oven, and space for the included fridge freezer and washing machine, flowing into a generous dining and living space.
The property provides two bedrooms and a well-appointed family bathroom fitted with a bath, overhead shower, WC, and wash basin with vanity storage. The hallway connects all rooms.
The apartment is heated by electric central heating and benefits from internet included in the rent. Council Tax falls within Band A.
The property is offered unfurnished with oven, washing machine, and fridge freezer included. Available September.
Room Dimensions: Kitchen / Living Area: 4.43m x 8.10m (14'6" x 26'6") Living Area: 3.48m x 3.78m (11'4" x 12'4") Bedroom 1: 2.54m x 4.19m (8'3" x 13'9") Bedroom 2: 2.68m x 3.57m (8'9" x 11'8") Bathroom: 1.68m x 3.08m (5'6" x 10'1") Hallway: 1.18m x 2.30m (3'10" x 7'6") Disclaimer Criteria: - Applicants will require an annual household income criteria equivalent to at least 30 times the monthly rent.
If a guarantor is required then the guarantor would require annual income of at least 36 times the monthly rent.
- Couples, families and individuals only (no sharers) - No serviced apartments or sub-letting - Income references required on all applications
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Lake Street, Nexus House, LU7
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