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Property ID: 217256299
Monthly Income
£732
Current Yield
16.9%
Tenancy status
Tenanted
CapitalAppreciation
+5.0%
Exclusive Investment Grade Opportunity

This studio flat in Leicester offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.


The well-maintained property features a cozy lounge/bedroom, three-piece bathroom and modern kitchen.


Investment Details:


The property currently generates an annual gross income of £8,784 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.


For further details on the property’s investment potential, please refer to the attached Let Property Pack. Should you express interest in this property, please contact us.


Tenancy Details:


The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.


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 Income732/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£732 pcm
Current Rental Yield
16.9%
Potential Market Value Rent
£732 pcm
Potential Rental Yield
16.9%
Estimated Monthly Capital Appreciation
£217
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
£23
Factor Fees/Running Costs
£146
Total Estimated Costs
£169
Floor plans
Floor plan 1
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Yearly Net Profit
Current Yearly Rent
£8,784
Annual Capital
Appreciation
£1,040
Yearly Ground Rent
£276
Yearly Factor Fee /
Service Charge
£1,752
Other Yearly Costs
None
Indicated
Annual Net Returns
£7,796