Flat for sale in Leicester LE2, 2 Bedroom

A beautiful characteristic first floor apartment with two double bedrooms set back on the main London Road in the Stoneygate area. This elegant apartment comprises of a large kitchen/dining area, 2 double bedrooms, main family bathroom and also an en-suite.
Suitable for a first time buyer or an investment opportunity with tenant in situ on a rental of £641pcm
*Potential 6% Return on capital employed gross (See investor information)

Entrance Hallway

The apartment opens into the entrance hallway which is beautifully decorated and provides access to all the rooms.

Kitchen/Dining Area

Located to the front of the building is a large lounge with rustic wood flooring, impressive set of windows flooding the room with light and feature wall with the orginal fireplace. The kitchen comprises of matching wall and base units.

Bedroom One

A large double bedroom with carpeted flooring, located to the rear of the building overlooking the rear garden with access to the en-suite.

En-Suite

Small compact en-suite comprises of a wash basin, w/c and shower cubicle

Bedroom Two

The second bedroom is a slightly larger double room also located to the rear of the property.

Bathroom

The bathroom is of a modern design and comprises of a shower over the bath, wash basin and w/c.

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 £165,000 and a rental income of £641pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £47,750 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £2,910 = 6% 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.