Investment opportunity to purchase this substantial 5 bedroom student end terrace property on Welford Road, located within the Clarendon Park Area. The property has tenants in Situ until 30 June 2019, generating an income of £16,896pa. The property has 5 double bedrooms, 2 bathrooms, a separate kitchen, lounge area and rear garden..
The property complies with Article 4. (allowing the property to be let to individual non-related occupancies) and is conveniently located for Leicester University students.
*Potential 12.1% Return on capital employed gross (See investor information)
The property is entered into entrance hall with grey carpet, providing access through to the kitchen and the downstairs bedrooms.
A modern fully fitted white kitchen with square tiled flooring.
Relax in the lounge located at the back of the property with access through to the garden.
Downstairs Shower Room
Located next to the stairs is a bathroom comprising of a low level WC, sink and shower cubicle.
Overlooking the front of the property is the first bedroom with pine effect laminate flooring.
The second bedroom is also a double room on the ground floor, next to the kitchen, it is carpeted and also has a wash basin.
Located on the first floor, the third bedroom is a double bedroom, carpeted with a wash basin.
The fourth bedroom is a double room overlooking the rear garden
A cosy fifth double bedroom also carpeted
Upstairs Shower Room
A second shower is located upstairs, comprising of shower cubicle and WC.
Separate WC with toilet and sink
Based on a sale at £289,000 and a rental income of £1408pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £86,120 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £10,393.50 = 12.1% pre tax income on capital used
[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.