Eaton Court, Vicarage Lane, Eaton, Lincolnshire, NG32

An outstanding investment opportunity to acquire a well-established over-60s residential complex comprising ten bungalows, offering a strong and sustainable income profile. Of these, eight are held freehold, with the remaining two on long leasehold, generating an additional service charge income stream. The development currently produces an annual income in excess of £53,000, with clear scope to increase to approximately £61,760 per annum by aligning rents with modest open market levels. This presents an attractive opportunity to achieve a gross annual return in excess of 6% with even greater yield potential, underpinned by consistent demand for age-restricted accommodation and long-term rental resilience. Set within just over 0.5 acres of immaculately maintained landscaped grounds, the site benefits from a central communal courtyard, complemented by individual private courtyard gardens for each property — a highly desirable feature within this sector. There is a dedicated parking court with allocated spaces for all units, along with a double garage, currently used by the site owner, offering potential for future income or alternative use or development (subject to consent). Ideally positioned within the highly regarded village of Eaton in the Vale of Belvoir, the location combines village appeal with strong tenant demand, supporting both income stability and future capital growth. A rare chance to acquire a diversified residential investment with immediate income, identifiable rental uplift, and long-term asset security. Detailed financial breakdowns and individual property information are available upon request.

General Note
An exciting opportunity to acquire this freehold site in excess of 0.5 acres with ten individual bungalows, being sold as an ongoing investment. The entire site is owned and there are eight bungalows owned freehold with a long lease on two bungalows, with ten bungalows in total. The complex is an over 60's development and of the freehold bungalows there are six one bedroom and two - two bedroom bungalows, 9 and 10 Vicarage Court were sold off at a commencement of the development, and we are selling the long leasehold of these properties with an annual service charge income. At the present, the properties produce an annual income of £53,000 across seven properties. The owner occupies one property and therefore there is no rent currently produced from that property, with current rents varying between £500-£550 pcm per property. There are two properties which were sold at the commencement of the development that provide an annual service charge income. At present it is believed the rents are below market value and should they be increased to a modest open market rent there is a income potential of around £61,760 per annum equating to a gross yield of over 6%. In addition to the bungalows, (most of which have their own individual garden area), there is a beautifully landscaped central courtyard, allocated car parking spaces for each property as well as additional visitor spaces, a double garage, communal drying area and enclosed area which houses the LPG tanks.

Services and Miscellaneous
It is our understanding that each property is connected with electric, water and drainage and is individually metred. The site is served by two large LPG gas tanks, again each property is individually metered and billed for its gas usage. The property is in a conservation area. Number 9 and 10 were sold at the commencement of the development on a long leasehold basis for 125 years. There are 92 years left on the lease. The owner of the development receives an annual service charge fee of £1,760 for the two units. This covers the buildings insurance and ground maintenance. To check Internet and Mobile Availability please use the following link: checker.ofcom.org.uk/en-gb/broadband-coverage To check Flood Risk please use the following link: check-long-term-flood-risk.service.gov.uk/postcode