1-bedroom flat · LE13 1AJ
Listing removedListed 95 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hudson and Storers charity are proud to offer this one bedroom first floor apartment located within the Maison Dieu Almshouses on Burton Road which were built in 1640.
Forming part of the Hudson and Storers Almshouse charity the property is exclusively available for a single occupant over the age of 50. Occupation under license and no deposit to be taken.
The property has single glazed stone mullion windows and electric heating throughout. Comprising of Sitting Room, Bathroom, Kitchen and Single Bedroom with wardrobes.
There is no parking for the property. Rent is inclusive of water rates. Occupier is responsible for all other utilities to include electric, council tax, TV license and internet etc.
Applications will ONLY be considered subject to the following criteria : *Single occupant only. *Applicant must be aged 50 or over with no exceptions to be made.
*They must be a current resident or formerly a resident in Melton Mowbray. *Applicants must be of limited financial means and specific criteria must be met before any applications are considered.
Please submit any suitable applications to Shouler & Son for consideration. PLEASE NOTE : ANY ENQUIRIES RECIEVED THAT DO NOT FULLFILL THE ABOVE CRITERIA WILL BE IGNORED.
Access to washing machine and tumbler drier FOC in the shared utiltiy area.
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 3 Hudsons Almshouse, Burton Street, Melton Mowbray
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