House For Sale £289,000
Investment opportunity to purchase this substantial 5 bedroom student end terrace property on Welford Road, located within the Clarendon Park Area. It generates 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)
*Investor Information
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.
Entrance hallway
T-shaped entrance hallway, radiator, emergency lighting, smoke detector, fire alarm and stairs leading to first floor:
Bedroom four 3.540 x 3.976 (11'7' x 13'0')
Radiator & bay window to front elevation:
Bedroom five 3.314 x 3.505 (10'10' x 11'5')
Radiator and window to rear:
Fitted kitchen 901.60m x 827.23m (2958 x 2714)
Comprises a matching range of base, wall and drawer units with co-ordinating work surfaces over, sink drainer unit and tiled splash backs. Having single electric oven, with four ring hob over & extractor fan. Space is provided for fridge/freezer, plumbing for washing machine and wall mounted 'Worcester' boiler, radiator, windows and door to side elevation:
Communal living room 3.141 x 2.715 (10'3' x 8'10')
Featuring ceiling coving, picture rails, solid wood flooring, radiator and original sash bay window to front elevation:
Downstairs shower room
A handy downstairs cloakroom situated under stairs and comprising, low level wc and wash hand basin and walk -in shower:
First floor landing
Radiators, smoke detectors, emergency lighting and loft hatch:
Bedroom one 3.987 x 2.958 (13'0' x 9'8')
Featuring radiator & windows to front elevation:
Bedroom two 3.716 x 3.819 (12'2' x 12'6')
Having radiator & window to rear elevation:
Bedroom three 4.235 x 2.720 (13'10' x 8'11')
Radiator and window to rear elevation:
Study / store room 2.970 x 1.568 (9'8' x 5'1')
Radiator & window to front elevation:
Shower room 1.507 x 1.809 (4'11' x 5'11')
Comprising pedestal wash hand basin, walk-in shower cubicle, radiator and window to side elevation:
WC
Low level wc & wash hand basin:
EPC rating: E.
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)
*Investor Information
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.
Entrance hallway
T-shaped entrance hallway, radiator, emergency lighting, smoke detector, fire alarm and stairs leading to first floor:
Bedroom four 3.540 x 3.976 (11'7' x 13'0')
Radiator & bay window to front elevation:
Bedroom five 3.314 x 3.505 (10'10' x 11'5')
Radiator and window to rear:
Fitted kitchen 901.60m x 827.23m (2958 x 2714)
Comprises a matching range of base, wall and drawer units with co-ordinating work surfaces over, sink drainer unit and tiled splash backs. Having single electric oven, with four ring hob over & extractor fan. Space is provided for fridge/freezer, plumbing for washing machine and wall mounted 'Worcester' boiler, radiator, windows and door to side elevation:
Communal living room 3.141 x 2.715 (10'3' x 8'10')
Featuring ceiling coving, picture rails, solid wood flooring, radiator and original sash bay window to front elevation:
Downstairs shower room
A handy downstairs cloakroom situated under stairs and comprising, low level wc and wash hand basin and walk -in shower:
First floor landing
Radiators, smoke detectors, emergency lighting and loft hatch:
Bedroom one 3.987 x 2.958 (13'0' x 9'8')
Featuring radiator & windows to front elevation:
Bedroom two 3.716 x 3.819 (12'2' x 12'6')
Having radiator & window to rear elevation:
Bedroom three 4.235 x 2.720 (13'10' x 8'11')
Radiator and window to rear elevation:
Study / store room 2.970 x 1.568 (9'8' x 5'1')
Radiator & window to front elevation:
Shower room 1.507 x 1.809 (4'11' x 5'11')
Comprising pedestal wash hand basin, walk-in shower cubicle, radiator and window to side elevation:
WC
Low level wc & wash hand basin:
EPC rating: E.
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