Terraced house for sale in Edward Road, Clarendon Park, Leicester LE2

£425,000
Terraced house for sale - 6 bedrooms 6 2 4
Interested in this property? Call +44 116 448 9097 * or Request Details

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Property features

  • 4/5 Bed Student Investment
  • 1 Bed Coach House
  • Rental Income £20,976pa
  • Freehold

Property description

Beautiful 4/5 Bedroom student property and a unique 1 bedroom coach house. Great investment opportunity with tenants in situ in both properties generating £20,976pa.

Located in the highly desirable Clarendon Park which is in close proximity to the University of Leicester and shops and bars on Queens Road.
The student property complies with Article 4. (allowing the property to be let to individual non-related occupancies) and is conveniently located for Leicester University students.
*Potential 8.7% Return on capital employed gross (See investor information

*Investor Information
Based on a sale at £425,000 and a rental income of £1748pcm

- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £131,000 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £11,413.50 = 8.7% 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.

EPC rating: D.

Property info

Floorplan(s): Floor Plan

Floor Plan View original

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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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