2-bedroom flat
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a highly sought after location on Marydene Drive, LE5, this spacious two bedroom ground floor flat within Marydene Court offers well proportioned accommodation, plenty of natural light, private parking and excellent potential for modernisation.
Ideally suited to first time buyers, professionals and property investors, the property benefits from a convenient location close to a range of local amenities and transport links.
Upon entering the property, you are welcomed by an entrance hall leading into a generously sized living room, featuring an attractive bay window that allows plenty of natural light to fill the space.
The living room provides a welcoming environment for relaxing and entertaining. The property benefits from two well proportioned bedrooms.
The main bedroom is situated at the front of the property and features a large window and fitted wardrobes, offering plenty of natural light, comfort and practical storage.
The second bedroom is positioned at the rear of the property, providing additional accommodation suitable for a guest bedroom, home office or family member.
The rear facing kitchen is a good size and presents an excellent opportunity for a new owner to modernise and personalise to their own taste.
The bathroom is also located at the rear of the property and benefits from a generous layout and built-in storage, maximising practicality.
Externally, the property benefits from private parking situated at the rear of the apartment block, offering added convenience for residents.
There is also access to a shared private communal garden, providing a pleasant outdoor space to enjoy.
Lease Details - Tenure: Leasehold - Lease Remaining: 987 years - Service Charge: £111.50 per month, inclusive of ground rent - Managing Agents: Ward Surveyors Ideally located close to local amenities, schools and transport links, this spacious two-bedroom ground floor flat offers private parking, a communal garden, a lengthy lease and excellent potential to modernise, making it an ideal home or investment in LE5.
Early viewing is highly recommended to appreciate the space, versatility and potential this property has to offer.
Living Room (4.05m x 3.41m) Bedroom 1 (3.99m x 2.89m) Bedroom 2 (3.31m x 2.66m) Kitchen (3.31m x 2.86m) Bathroom (2.27m x 1.71m) Storage (2.67m x 1.09m) Hall (1.68m x 1.10m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Marydene Court, Evington, Leicester
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