Flat for sale in Leicester LE2, 1 Bedroom

One bedroom duplex apartment available to purchase for a first time buyer or potentially an investment opportunity. Set over two floors the apartment briefly comprises of a kitchen, living area leading downstairs to the double bedroom and bathroom. The property does have a current tenant in situ on a rental of £554pcm.
*Potential 5.7% Return on capital employed gross (See investor information)

Living Area

A cosy living area with large windows and a french door leading onto a balcony which overlooks the rear garden

Kitchen

The modern kitchen is fully fitted with pine wooden units and tiled flooring.

Bedroom

The double bedroom is located on the ground floor facing the rear of the property and finished in neutral colour and carpeted.

Bathroom

Small bathroom with a curved shower cubicle, 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 £142,000 and a rental income of £554pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £40,850 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £2,383 = 5.7% 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.