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Property ID: 216905938
Monthly Income
£640
Current Yield
5.5%
Tenancy status
Tenanted
CapitalAppreciation
+5.0%
Exclusive Investment Grade Opportunity

This three-bedroom mid-terraced house is located in Hinckley, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.


This is a brilliant opportunity for investors!


This property features three bedrooms, a spacious lounge, a kitchen, and a bathroom with three fixtures. Additional benefits include a private rear yard, on-street parking, double-glazed windows, and a boarded attic/loft space that can be used for storage at the tenant's discretion.


Investment Details:


The property generates an annual gross income of £7,680, which the new owner could increase to a market rate of £12,000 with long-term tenants currently situated. The purchase price makes it a worthwhile addition to any investor's portfolio.


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


Tenancy Details:


The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount 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 Income640/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£640 pcm
Current Rental Yield
5.5%
Potential Market Value Rent
£1000 pcm
Potential Rental Yield
8.6%
Estimated Monthly Capital Appreciation
£583
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 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

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

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Factor Name
unknown
Total Estimated Costs
unknown
Floor plans
Floor plan not availableNo floor plan image for this property
Attachments
Offers Over
£140,000
Location
Factory Road, Hinckley, LE10 0DS
Bedrooms
3
Type of property
Terraced

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
£7,680
Annual Capital
Appreciation
£2,800
Factor Fees/Service
Charge
Unknown
Other Yearly Costs
None
Indicated
Annual Net Returns
£10,480