Offers over
£100,000
2 bed flat for saleHotoft Road, Leicester LE5
2 beds
1 bath
1 reception
EPC Rating: C
About this property
Two Double Bedrooms
Spacious Separate Living Room
Modern Galley-Style Kitchen
Useful Utility Room
Ample Built-In Storage Throughout
Attractive Investment Opportunity
Anticipated Rental Yield in Excess of 8%
Lease Extension Currently Underway
This well-presented property offers spacious and versatile accommodation throughout, making it an excellent choice for both investors and owner-occupiers alike.
Description
This well-presented property offers spacious and versatile accommodation throughout, making it an excellent choice for both investors and owner-occupiers alike.
The accommodation comprises a generous galley-style kitchen, a spacious separate living room, and a practical utility room. There are two well-proportioned double bedrooms, a modern three-piece family bathroom, and ample built-in storage throughout the property.
Offering strong rental demand and an anticipated gross yield in excess of 8%, this property represents an outstanding investment opportunity. Its well-balanced layout, generous room sizes, and attractive rental prospects ensure broad appeal for a range of buyers.
Tenure: Leasehold with approximately 83 years remaining. The vendor is currently in the process of extending the lease, which is expected to be completed prior to completion of the sale.
Service Charge: £102 per calendar month.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Mortgage calculator
£500 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (82 years)
Service charge
£1,284 per year
Council tax band
A
Ground rent
£0
Ground rent date of next review



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