1 Bedrooms Flat for sale in London Road, Leicester LE2 | £ 158,000
Overview
| Price: | £ 158,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Leicestershire |
| Town: | Leicester |
| Postcode: | LE2 |
| Address: | London Road, Leicester LE2 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
Large one bedroom duplex apartment with private access straight into the property at the rear of the building The property has a separate kitchen diner which is fitted with a matching range of base and eye level units. The lounge overlooks the rear garden. Spacious double bedroom and family bathroom.
With an attractive *Potential 6.5% Return on capital employed gross (See investor information). This property would be a suitable investment opportunity or alternatively may be a fitting first family home.
Kitchen
The property is entered via the large kitchen with fitted wooden units and tiled flooring. Part of the kitchen can also be used as a dining area.
Lounge
Leading up the stairs into a spacious warm lounge decorated in neutral colours with featured wall, overlooking the rear garden.
Bedroom
Accessed via the lounge is a small hallway leading to the double bedroom
Bathroom
A modern white three piece suite, comprising of bath with fitted shower, toilet and sink.
Lease Information
Ground Rent £150 pa
Service Charges £920 pa
Lease Term 125 years from 21st Feb 2008 (114 years remaining)
tbc
*Investor Information
Based on a sale at £158,000 and a rental income of £640pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £45,650 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £3,055 = 6.5% pre tax income on capital used (these assumptions include service charge and ground rent estimates)
[Please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary.]
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
Property Location
Property Marketed by Belvoir - Leicester Central
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