First floor 2 bedroom flat in Kirby Muxloe in a fantastic spot in sort after village location with an open plan layout, kitchen with white goods, bathroom with shower over bath, double glazing, gas central heating, intercom system and allocated off-street parking. Location allows access to Leicester on the A47 but also to large business headquarters of Next and Caterpillar.
OPEN PLAN KITCHEN
Modern fitted kitchen with vinyl flooring, cooker & hob, dishwasher and fridge freezer.
Generous size lounge area which is carpeted and has French doors opening into a Juliette balcony.
Double bedroom with fitted wardrobes and carpet.
Single bedroom with fitted wardrobes and carpet.
Modern bathroom with a three piece suite comprising, mixer shower over bath, w/c and wash basin.
The property benefits from an allocated space to the rear of the building and visitor parking spaces are available.
109 years remaining on lease
Ground Rent: £100 Per year
Service Charge: £592 half year (2020)
Based on a sale at £140000 and a rental income of £595pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £35000 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £7140 = 20.40% pre tax income on Capital used
*Potential 20.40% Return on capital employed gross (See investor information)
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.
EPC rating: B.