Beautiful 4/5 Bedroom student property and a unique 1 bedroom coach house. Great investment opportunity with tenants in situ in both properties generating £20,976pa.
Located in the highly desirable Clarendon Park which is in close proximity to the University of Leicester and shops and bars on Queens Road.
The student 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 8.7% Return on capital employed gross (See investor information)
4/5 Bedroom Student House
The front room is being used as a bedroom, the entrance to this spacious property is through the side door and in to the fully fitted kitchen with integrated oven/hob and whitegoods.
Leading through the kitchen walkway is the open plan lounge.
Accessed off the kitchen, the property benefits from having a three piece suite with shower, toilet and sink and an additional shower room.
Located on the ground floor overlooking the front of the property, the double bedroom is fully furnished with bed, desk and wardrobe.
Starting on the first floor this second bedroom is a double room and is carpeted and furnished
Third Bedroom overlooking the front of the property is also a double room that is furnished
A fourth double bedroom located on the first floor overlooking the shared garden.
There is a further fifth single bedroom which can be used as a storage room or potentially let out as another bedroom.
One Bedroom Coach House
Beautiful modern living room with vinyl flooring and open stairs to the first floor.
Located off the living room is a modern fully fitted kitchen with integrated electric hob/oven and, Fridge/Freezer.
Three piece suite comprising of WC, wash basin and separate shower cubicle.
Accessed straight from the open stairs is the double bedroom with laminate flooring and storage space.
Medium sized garden which separates both properties
Based on a sale at £425,000 and a rental income of £1748pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £131,000 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £11,413.50 = 8.7% 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.