Property for sale in Springfield Road, Clarendon Park, Leicester LE2
Property for sale - 8 bedrooms
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- 8 Bedroom HMO
- Btl Opportunity
- Rental income £32,040pa.
- *Potential 9.1% Return on capital employed gross
Extraordinary 8 bedroom detached three storey Victorian House for sale. This fully licensed HMO property has all 8 rooms let out generating an income of £32,040pa.
The property is located on a quiet road at the heart of Clarendon Park, and is just minutes away from the shops, bars and restaurants of Queens Road.
This great investment opportunity has 8 rooms, with shared facilities including 5 showers, 5 WC's, 2 Kitchens, basement providing washing and additional fridge/freezer facilities and a communal garden.
*Potential 9.1% Return on capital employed gross (See investor information)
Based on a sale at £625,000 and a rental income of £2670pcm
- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £197,000 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £17,977.50 = 9.1% 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 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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