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Offers Over
£147,000
Location
Lombardy Rise, Leicester, LE5 0FQ
Size
517
Tenure
Leasehold
Bedrooms
2
Type of property
Terraced
Current Yield
4.1%
Monthly Income
£500
Property Information

Our latest listing is a 2 bedroom flat located in Leicester. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

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

This well-kept home features 2 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £6,000 which could be increased by the new owner to a market rate of £9,600 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers 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
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£500
Cashflow p/m
500
Current Yield
4%
Based on potential rent of
£800
Cashflow p/m
800
Potential Yield
7%
Monthly Income
£500 pcm
Potential Rent
£800 pcm
Length of Tenancy
2 years+
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Not available for this property
Not available for this property
Not available for this property
Not available for this property
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Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown