1 bed Flat For Sale, The Coneries, Loughborough, Leicestershire LE11

Description

Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers! This excellent one bedroom apartment is located just 20 minutes from Leicester city centre.

This wonderful one bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed windows; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. The apartment is located on the first floor.

With a £23 million pound regeneration scheme in Leicester being given the green light, this makes it the perfect time to be investing. The average price for property in LE11 1DZ stood at £256,024 in July 2021. This is a rise of 1.91% in the last three months (since April 2021) and rise of 8.76% since 12 months ago (Zoopla).

Current projects include the redevelopment of the former city council premises at Pilot House in King Street that will aid the growth of creative businesses, bringing the cluster of heritage buildings back into use as part of a wider regeneration scheme. The scheme will cost about £11m, and will create around 250 skilled jobs.

A £21million project that could create around 400 new jobs is proposed for three related projects in and around Pioneer Park and Exploration Drive, near the National Space Centre. The area is already home to the innovative Dock workspaces for high-tech industries, and three linked elements would see more Dock-style buildings and high-quality manufacturing spaces created.

Financial Breakdown

Gross rent: £7,150
Ground rent: £200
Service charge: £500
Lettings fees: £0
Net income: £6,450
Gross yield: 6.06%
Net yield: 5.47%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16845

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1 bed Flat For Sale £118,000 The Coneries, Loughborough, Leicestershire LE11

1 bed Flat For Sale £118,000
The Coneries, Loughborough, Leicestershire LE11