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Property ID: 217369392
Monthly Income
£875
Current Yield
5.9%
Tenancy status
Tenanted
CapitalAppreciation
+5.0%
Exclusive Investment Grade Opportunity

Our latest listing is a 2-bedroom end-of-terrace house located in Melton Mowbray . It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence.


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


This well-maintained two-bedroom home features a bathroom and a separate WC, a lounge, and a kitchen. Additional highlights include access to communal residents' parking and a low-maintenance paved rear garden, ideal for hassle-free outdoor living.


Melton Mowbray is celebrated for its rich culinary heritage and quintessential market town charm. The area boasts a range of local amenities and is conveniently close to well-regarded schools, including John Ferneley College. Just a short walk from Melton Country Park, the location offers an ideal blend of peaceful countryside living with easy access to major cities like Nottingham and Leicester.


Investment details


It currently produces an annual gross income of £10,500, which the new owner could increase to a market rate of £13,800 with tenants currently situated. Considering the purchase price, 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 less than a year and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property

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 Income875/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£875 pcm
Current Rental Yield
5.9%
Potential Market Value Rent
£1150 pcm
Potential Rental Yield
7.7%
Estimated Monthly Capital Appreciation
£750
Area Capital Appreciation Rate
+5.0%

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

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: B

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

Ground Rent
Freehold
Factor Fees/Running Costs
£172
Total Estimated Costs
£172
Floor plans
Floor plan 1
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Floor plan 2
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Yearly Net Profit
Current Yearly Rent
£10,500
Annual Capital
Appreciation
£3,600
Yearly Factor Fee /
Service Charge
£2,064
Other Yearly Costs
None
Indicated
Annual Net Returns
£12,036