Unsold - Available for £390,000 For Sale by Public Auction on20/11/2024
Location: The property is located off Fosse Road South, on the corner of Sweetbriar Road and near to Westcotes Park.
A large 3 storey corner property of approximately 1,905 sqft with a single storey extension. The property has been converted to a 7 bedroom HMO with each bedroom being separately metered and having a kitchenette. The property benefits from double glazing, electric heating, bathroom, 2 shower rooms one with WC, separate WC, shared laundry area and bike store.
Note Previously marketed at £390,000 - £395,000. Roof replaced in the last 5 years. 5 out of the 7 units have recently been insulated.
Tenure Freehold, subject to existing tenancies. All the existing tenants are long standing. Landlord pays for council tax, water, electricity and broadband. Each flat is separately metered.
Energy Performance Certificate: Band E, Rating 45.
Solicitors Rajinder Singh & Co, 85 London Road, Leicester LE2 0PF [use Contact Agent Button] ~ Ref: R Singh
Accommodation ROOM / ACCOMMODATION RENT £ PA ERV £ PA GROUND FLOOR Entrance hallRoom 15,1006,000Room 25,100 - vacant, previous rent6,000Room 35,100 - vacant, previous rent6,000FIRST FLOOR Room 44,8606,000Room 54,8006,000Room 65,0406,0002 shower rooms one with WC, separate WCLOFTRoom 74,7406,000OutsideFront garden, rear garden, utility room with laundry area, bike store, WC, bin storeGross Rental Value34,74042,000Less: Council Tax: £1,042.68 Water Rates: £ 482.46 Electric: £ 863.44 Broadband: £ 911.913,300.49 Current Net Rental Income 31,439.5138,699.51
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Kal Sangra Shonki Brothers - Auction House. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kal Sangra Shonki Brothers - Auction House for full details and further information.