Flat for sale in Leicester LE2, 1 Bedroom

A very stylishly converted one bedroom first floor apartment, set in a beautiful characteristic property in the Stoneygate area with an open plan living and kitchen area, double bedroom, modern shower room and off road parking. The property is well located with easy access to the A6 and the main bus routes to and from the City. Retaining its original features this apartment would be a good investment opportunity with a current tenant in situ on a rental of £550pcm, currently in a fixed tenancy until October 2019.
*Potential 7.7% Return on capital employed gross (See investor information).

Open Plan Living Area

The property benefits from an open plan living area, with attractive features and wood effect flooring.

Kitchen

Leading off the living area is the kitchen with wooden units and whitegoods.

Bedroom One

The double bedroom is situated off the hallway next to the living area, with the original wood flooring flowing through and feature fireplace.

En-Suite

The bathroom is located off the bedroom, with a three piece suite including bath with fitted shower, toilet and sink.

Lease Information

Ground Rent £150 pa
Service Charges £920 pa
Lease Term 125 years from 21st Feb 2008 (114 years remaining)
tbc

*Investor Information

Based on a sale at £122,000 and a rental income of £550pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £34,910 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £2,785 = 7.7% pre tax income on capital used (these assumptions include service charge and ground rent estimates)
[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.