4 bedroom flat for sale

Welcome to Asha House, A well presented block of student apartments located in the centre of Loughborough. The block consists of a mixture of four and five bedroom apartments complete with ensuite rooms and a communal kitchen/dining area. The building is accessed via a secure key and intercom system. The property has an onsite team and is monitored by a 24 hour CCTV system.

Internally, the property is accessed via the staircase or lift. As you enter the property, you will find a corridor providing access to all four ensuite bedrooms and the kitchen/dining area.

The kitchen/dining area comprises of a range of integrated and free standing appliances with wall and base units catering for all storage needs. This space includes a storage heater, two UPVC double glazed windows and laminate flooring. A breakfast bar and space for furniture completes this space.

Each of the four bedrooms vary ever so slightly in size. They all come complete with a 3 piece ensuite comprising of an shower with extractor fan, storage heater, low level WC and wash hand basin.

The property management company oversees the maintenance of the building and handles various administrative tasks, including setting rents, service charges, rent collection, and distributing rental income. They disburse 40% of the net rental income in October, another 40% in January, and the remaining 20% in April, aligning with the academic year and resulting in a 46-week contract period. Typically, the occupants of the flats are postgraduate students or individuals pursuing master's degrees. These properties are leasehold, with 132 years remaining on the lease.

Annual Rent: (£110.00 x 52 weeks x 4 beds) 22,880.00
Annual Service Charge: (3.01% of total s/c costs) 14,991.78
Net Rent: £7888.22
Net Rental Yield: 4.38%