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Guide price
£1,299,000

Springfield Road, Clarendon Park, Leicester, LE2

  • 10 beds
  • 10 baths
  • 5 receptions
  • Office Ref: P28
  • Block Of 10 Flats
  • Great Investment Opportunity
  • Rental Income £54,084pa
  • *Potential 6.8% Return on capital employed gross (See investor information)

INVESTMENT OPPORTUNITY - We are very pleased to be offering this unique block of 10 flats in the popular area of Clarendon Park. This well-presented property comes with 10 individual 1 bedroom flats with an exotic communal rear garden and on street parking. All flats are let on AST's. The location is ideal as the tenants have access to the vibrant Queens Road community of independent shops, bars and cafes, you are also walking distance to the University of Leicester, and the City Centre or Train Station is easily reached by bus or on foot. Belvoir highly recommend viewing this property.

Springfield Road lies just off the A6 London Road providing convenient access to Leicester city centre with its professional quarters and main line railway station; with nearby shopping found at Queens Road and Allendale Road/Francis Street shopping parade.

Investor information

Based on a sale at £1299000 and a rental income of £4712pcm

- 75% loan assuming standard BTL loan at 3% (interest only)

- Capital used £399150 (including deposit, stamp duty and conveyancing)

- Annual pre tax profit of £27316.5 = 6.8% pre tax income on Capital used.



Flat One
The property has an open plan living area with solid wood flooring and a HUGE bay window. The kitchen area consists of an electric hob and oven. The bedroom is separated from the living room by a 3/4 height wall and is carpeted

Flat Two
The flat has a lounge area which has a bay window looking out to the rear garden, there is a fully fitted kitchen which includes an electric oven hob. The bedroom area has space for a double and has access to the shower pod and built in storage.

Flat Three
The flat has a lovely open plan living area with access to the kitchen. The bedroom area has space for a double bed.

Flat Four
Property has open plan living area, wooden flooring and large windows for bright natural light. The kitchen has an electric oven gas hob. The bedroom has great open space which is large enough for a double bed, wardrobe and TV stand. The reception room is located on a mezzanine floor above the living area, the property also has a shower pod and a separate WC.

Flat Five
The property has an open plan living area with access to a TV aerial point and a telephone socket, the kitchen is fitted with an electric oven and hob. The bedroom is a double room separated from the rest of the flat. The shower room consisting of shower cubicle, wash basin and W/C.

Flat Six Living Area
The flat benefits from a lovely open living area with laminated flooring, the kitchen has been fully fitted with appliances. The bedroom area is carpeted and is large enough to hold a double bed.

Flat Seven
Property benefits from an open plan living area with wooding flooring, the kitchen is fitted with an electric oven and hob. The bedroom is separated by a 3/4 high wall and is carpeted, the apartment also has a shower pod comprising, w/c, wash basin and shower cubicle.

Flat Eight
Property has open plan living area with a large bay window, feature fireplace and under stairs cloak/storage area. Kitchen comprises; SMEG electric oven electric hob. Double in size and with storage. The property also has access to a shower room which consists of a shower and a wash basin with a separate WC.

Flat Nine
The lounge area has a solid wood floor, space for lounge and dining furniture with access to a the rear communal garden. The kitchen consists of wall and base units, an electric oven and hob. A beautiful double bedroom, carpeted and access to the en-suite. The flat also has access to a loft area accessed by fold down ladder, useful for extra storage or additional living space.

Flat Ten
Open plan living space benefits, fully fitted kitchen comprising of an electric oven and hob. The flats bedroom is double in size and it also benefits with a separate shower cubicle and a separate bathroom

Outside
Outside there is a communal garden

Parking
Property comes with on street parking

Secure Access
Property has secure video phone access.

Disclosure
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.

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Floorplan Floorplan Floorplan Floorplan Floorplan Floorplan

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