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Property ID: 217116660
Monthly Income
£685
Current Yield
6.4%
Tenancy status
Tenanted
Capital Appreciation
+4.5%
Exclusive Investment Grade Opportunity

Our latest listing is a 2-bedroom flat located in Loughborough. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This property offers two bedrooms, a lounge, a three-piece bathroom, and a kitchen. Additional features include on-street parking.


Investment details


It currently generates an annual gross income of £8,220, with tenants presently residing there. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


If you are interested, please call us.


Tenancy Details


The current tenants have been residing in the property for several years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.


Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income685/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£685 pcm
Current Rental Yield
6.4%
Potential Market Value Rent
£1000 pcm
Potential Rental Yield
9.3%
Estimated Monthly Capital Appreciation
£488
Area Capital Appreciation Rate
+4.5%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

EPC Rating

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Interactive street-level view of the property location and surrounding area.

Ground Rent
TBC
Factor Fees/Running Costs
TBC
Factor Name
unknown
Total Estimated Costs
unknown
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Attachments
Offers Over
£130,000
Location
Leicester Road, Loughborough
Bedrooms
2
Type of property
Flat

Additional Benefits

Fully Pre Checked by Let Property
Available First Come, First Serve
Over £1 Billion of UK Investment Property Sold.
Enquire for Detailed Returns Breakdown.
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Yearly Net Profit
Current Yearly Rent
£8,220
Annual Capital
Appreciation
£2,600
Yearly Ground Rent
Unknown
Factor Fees/Service
Charge
Unknown
Other Yearly Costs
None
Indicated
Annual Net Returns
£10,820