Flat for sale in Leicester LE2, 1 Bedroom

A beautiful one bedroom ground floor apartment set in a beautiful characteristic property in the Stoneygate area with an open plan living and kitchen area, large double bedroom, modern shower room and off road parking.
This front facing apartment would be suitable for a first time buyer or a good investment opportunity with a current tenant in situ on a rental of £585pcm, currently in a fixed tenancy until October 2019

*Potential 6.1% Return on capital employed gross (See investor information)

Open Plan Living / Kitchen

The property benefits from a large open plan living and kitchen area, with many original features, wood flooring and kitchen appliances. The room lets in a lot of natural light with its huge original window.

Bedroom

Large spacious double bedroom still retaining its original features and wood flooring. With plenty of natural light, the window also has a large window seating area.

Shower Room

Modern shower room comprising wash basin, w/c and shower cubicle.

Parking

The property benefits from having use of the large driveway to the front of the building and communal rear garden.

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 £147,000 and a rental income of £585pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £42,350 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £2,643 = 6.1% 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.