House For Sale £425,000
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
*Investor Information
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.
EPC rating: D.
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
*Investor Information
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.
EPC rating: D.
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