Block of flats for sale in Knighton Road, Leicester LE2

£615,000
Block of flats for sale - 6 bedrooms 6
Interested in this property? Call +44 116 448 9097 * or Request Details

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Property features

  • Block of Flats
  • 6 Bedroom
  • Rental Income £2351pcm
  • Investment Opportunity

Property description

Investment opportunity to purchase a residential block of six individual flats as a freehold. This property is located in Knighton with close access to the Clarendon Park area and the array of shops and bars on Queens Road. It is also conveniently located close to London Road with easy access to the City Centre and the train station. All flats are currently occupied on Assured Shorthold Tenancies and generating a rental income of £28,212 per annum.
*Potential 7.4% Return on capital employed gross (See investor information).

Flat One

Located on the ground floor, overlooking the front of the property, this flat has an open plan kitchen/lounge area, with a double bedroom and en-suite bathroom.

Flat Two

Also located on the ground floor, this one bedroom flat has laminate flooring running through the lounge and bedroom.

Flat Three

Overlooking the front of the property from the first floor this studio apartment has wooden flooring, with a bay window letting in natural light to the room.

Flat Four

This first floor flat is situated at the back of the property, with a large kitchen/lounge and double bedroom with en-suite bathroom.

Flat Five

Onto the second floor this studio apartment has a small hallway with WC, large studio area and a separate shower cubicle.

Flat Six

Located on the second floor is the last studio apartment decorated to a similar decor as the rest of the flats.

*Investor Information

Based on a sale at £615,000 and a rental income of £2351pcm

- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £193,700 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £14,374.50 = 7.4% pre tax income on capital used
[Please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary.]

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

Property info

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For more information about this property, please contact
Belvoir - Leicester Central, LE2 on +44 116 448 9097 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Belvoir - Leicester Central, and do not constitute property particulars. Please contact Belvoir - Leicester Central for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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