HMO Terraced House
stamp duty: £7,050
mortgage fees: £1,500
conveyancing fees: £1,000
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
1 reception room
The vendor provided us with the following running costs of this property:
Documents available on request, please contact for viewings or further questions.
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Loughborough is a town in Leicestershire and lies 12 miles north of Leicester, 16 miles south of Nottingham and 20 miles south-east of Derby.
Just west of Loughborough is Junction 23 of the M1 motorway connecting it to Leeds and London.
The town’s railway station is operated primarily by East Midlands Railway with services on the Midland Main Line south-bound to Leicester, Bedford, Luton and London St Pancras, and north-bound to Lincoln, Derby, Sheffield, Leeds and York. The service to London also provides a link to Europe via Eurostar, whilst changing trains at Leicester and Derby allow travel on CrossCountry train services between the north-east of Scotland and the south-west of England.
The closest airport is East Midlands Airport, which is under 9 miles outside of town. Flight destinations from this airport are mainly in Europe, with some domestic locations too.
Loughborough has five museums, Charnwood Museum, Carillon and War Memorial, Loughborough Library, the Old Rectory of the medieval All Saints parish church. The fifth museum is the Bellfoundry Museum telling the story of bell making by John Taylor & Co, who made bells for St Paul’s Cathedral and for York Minster.
The town’s main shopping area is centred around Market Street, Market Place and The Rushes/Swan Street. The Rushes Shopping Centre and Carillon Court offer a variety of well-known retail shops. In addition there is a large outdoor market held in Market Place every Thursday and Saturday as well as a monthly farmers market.
Loughborough is also home to Loughborough University, a public research university, which has the largest sports scholarship in the UK. It acquired the former broadcasting centre at the Queen Elizabeth Olympic Park in London and opened it as a second campus in 2015.
Some of the boroughs largest employers are Loughborough University, Loughborough College of Further Education, 3M Healthcare, Fisher Scientific, Lafarge, Intelligent Energy and William Davis.
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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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