Leicester, LE19 2HX | Investment Property for Sale | VES-LE19-001

Opportunity to purchase a terraced house in Leicester generating £8,100 rent pa and a gross yield of 4.8%

£167,000

Terraced House

VES-LE19-001

INITIAL INVESTMENT

£76,050

GROSS RENT / YIELD

£8,100 / 4.9%

NET RENT / YIELD

£6,221 / 3.7%

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

2 bathrooms

1 reception room

570

Unfurnished

Property information

  • The property has had an extension built since contstruction
  • The driveway has been widened to allow parking for 2 cars
  • EPC rating C

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Tenancy

RENT

£8,100 p.a. / £675 pcm

TENANCY DEPOSIT

£750

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

16 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£8,100

Equivalent of £675 per calendar month (PCM).

GROSS RENTAL YIELD

4.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£6,221

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.7%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,879

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Leicester, East Midlands

Leicester is a city in the East Midlands and of the county Leicestershire. It is located 11.6 miles south of Loughborough and 24.8 miles of Coventry.

Leicester’s rail network is of significant importance to the city and so provides several services to London and other regions within the midlands region. This station runs routes from north-south through Leicester on the Midlands main Line, south to Kettering, Bedford, Luton and London; and north to Derby, Nottingham, Lincoln, Sheffield and Leeds. The station also offers the east-west cross-country route which goes west to Birmingham and east to Peterborough, Cambridge and Stanstead airport. There are 4 trains per hour servicing to London St. Pancras half of which are fast services and get to the capital in just over an hour.

This buzzing city has many exciting things has to offer, a vast amount of retail options as well as two large shopping centres that are in Highcross and Haymarket Shopping Centres. There is also a plethora of restaurants and bars offering a variety of dining experiences. The city centre is rich in historical and cultural attractions such as the New Walk Museum and Art Gallery, King Richard III Visitor Centre and several theatres. Leicester is also home to several sporting clubs, including Leicester City who famously won the Premier League season of 15/16.

Due to recent regeneration in the area like the Highcross Leicester there are 100s of job opportunities within Leicester’s vibrant city centre. It is also home to head offices of large employers such as Next, Hastings Direct, Tesco and East Midlands Airport.

Leicester has two institutions of further education with 50,000 full-time students studying at the University of Leicester and De Montfort University.

The Square,

Littlethorpe,

Leicester,

Leicestershire,

England,

LE19 2HX

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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