Leicester, LE2 7DN | Investment Property for Sale | VES-LE2-003

Opportunity to purchase an apartment in Leicester generating £6,000 rent pa & gross yield of 7%

£85,500

Student studio apartment

VES-LE2-003

INITIAL INVESTMENT

£26,440

Based on

deposit: £21,375

stamp duty: £2,565

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,000

GROSS YIELD

7.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£275

0 bedrooms

1 bathroom

1 reception room

248

Fully Furnished

Please note that this property is for cash buyers only due to the low value

Leasehold information

  • Length of lease: 250 years
  • Year lease started: tbc
  • Years left on lease: tbc
  • Service charge: tbc
  • Ground rent review period: tbc
  • Service charge review period: tbc

Property information

  • Located on level 5
  • Self-contained student studio apartment comprising:
    • Double bed
    • Wardrobe
    • Desk and chair
    • Flat-screen TV
    • Fully equipped private kitchen
    • Ensuite bathroom
    • High-speed broadband
  • The building also has the following tenant facilities:
    • Common room
    • Secure door entry
    • CCTV
    • Wheelchair accessible
    • Shared laundry facilities
    • On-site maintenance
  • We have been advised that an EWS1 certificate is not required due to the building materials used
  • EPC rating B
  • Council tax band A

Rental information

  • Monthly rental income: £500
  • Annual rental income: £6,000

Location information

  • The property is 0.5 miles from Leicester city centre
  • De Montford University and Leicester Royal Infirmary are a short walk from the property
  • Leicester railway station can be reached on foot in less than 20 minutes

Notes

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

The photos are not of the exact apartment and are for illustrative purposes only. However, they do represent an apartment in the same building.

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

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.

Atkins Street,

Leicester,

Leicester,

England,

LE2 7DN

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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.

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