Opportunity to purchase a HMO property in Leicester generating £38,280 gross rent pa & gross yield of 8.3%
£460,000
HMO Detached House
VES-LE3-001
INITIAL INVESTMENT
£144,300
Based on
deposit: £115,000
stamp duty: £26,800
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£38,280
GROSS YIELD
8.3%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
3 bathrooms
2 reception rooms
2,020
Fully Furnished
Property information
- Fully HMO licenced
- Spread over 3 floors the property comprises:
- 6 x bedrooms
- 2 of the bedrooms come with ensuite shower rooms
- The other tenants have the use of a shared bathroom
- 2 x separate WCs
- Shared kitchen/dining room
- Shared living room
- Utility room
- Access to the garden via the living room
- There is off-street parking for 2 cars and the property comes with a garage
- The property was redecorated to a high standard in 2022
- EPC rating C
- Council tax band E
Rental information
- Room 1 - £495 pcm
- Room 2 - £550 pcm
- Room 3 - £495 pcm
- Room 4 - £520 pcm
- Room 5 - £530 pcm
- Room 6 - £600 pcm
- Total rent pcm: £3,190
- Total rent pa: £38,280
Running costs
The vendor provided the following running costs for the property:
- Council tax: £198 pcm
- Gas & electricity: £180 pcm
- Water: £60 pcm
- TV, broadband: £21 pcm
- TV licence: £12 pcm
- Cleaner: £70 pcm
- Total cost pcm: £541
- Total cost pa: £6,492
Location information
- The property is located in the Thorpe Astley area of Leicester
- Leicester city centre is around 4.5 miles from the property by car
- Narborough railway station is the closest station, around 11 minutes by car
- Easy access to the M1 and M69 via Junction 21
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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.
Vyner Close,
Thorpe Astley,
Leicester,
Leicestershire,
England,
LE3 3EJ
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