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Semi-detached house for sale

£130,000 Offers over

Morland Avenue, Leicester LE2

Interested in this property? Call +44 116 448 0157 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Approved planning to build 2 X 2 bedroom flats
  • Ideal investment opportunity
  • Current 4 flats sold on long term lease

Property description



Reliance properties are pleased to bring to the market this fantastic opportunity to purchase the freehold of a large three storey property with approved planning to extend the current 4 self-contained flats with an extra 2 x 2 bedroom flats.

**The 4 flats have been sold on a long-term lease of 99 years which commenced on 01st July 1987**

The property is situated in a very sought location just off the London Road benefiting with proximity to the Leicester City Centre, Oadby Town Centre, Leicester Race Course, Leicester University, Leicester Train Station and the local bus routes.

**viewings highly recommended**

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. The plans are for illustration purposes only and may not be representative of the property. Plan not to scale.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Reliance Properties 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: Reliance Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.


Property info

Market activity
Average price paid £208,911 Sales 1,027 Current average value £238,465 (Zoopla Zed-Index) Value change £11,173 ▲ 4.92%

Property value data/graphs for LE2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £413,256 £264 3.9 £361,101
Semi-detached £219,035 £223 3.2 £201,386
Terraced £169,156 £198 2.9 £161,263
Flats £149,970 £224 1.8 £129,437

Current asking prices in LE2

Average: £216,515
Avg. current asking prices in LE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £124,990
(5)
£189,112
(55)
£224,162
(149)
£355,671
(74)
£389,346
(23)
Flats £83,543
(105)
£154,047
(44)
£173,990
(5)
- -
All £85,427
(110)
£173,527
(99)
£222,533
(154)
£355,671
(74)
£389,346
(23)

Current asking rents in LE2

Average: £990 pcm
Avg. current asking prices in LE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £532 pcm
(13)
£684 pcm
(58)
£750 pcm
(119)
£1,400 pcm
(140)
£1,467 pcm
(44)
Flats £564 pcm
(79)
£683 pcm
(40)
£826 pcm
(12)
£744 pcm
(5)
£405 pcm
(7)
All £560 pcm
(92)
£683 pcm
(98)
£757 pcm
(131)
£1,378 pcm
(145)
£1,321 pcm
(51)

Fun facts for LE2

Highest value in LE2
Highest value streets Zed-Index
Knighton Grange Road £1,036,921
Knighton Rise £1,004,301
Gartree Road £972,911
Manor Road £959,486
Southmeads Road £955,096
Highest turnover in LE2
Highest turnover streets Turnover
Copse Close 62.5%
Seymour Road 61.5%
Belper Close 50.0%
Autumn Road 44.0%
Marylebone Place 44.0%

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (539 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Leicester:

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Leicester (1.9 miles)
  • South Wigston (2.5 miles)
  • Narborough (5.2 miles)
  • East Midlands Airport (18.1 miles)
  • Coventry Airport (23.1 miles)
  • Birmingham International Airport (29.4 miles)
  • West Lynn Ferry Landing (63.2 miles)
  • King's Lynn Ferry Landing (63.3 miles)
  • Sharpness Old Docks (84.8 miles)

Nearby schools

View all schools in Leicester
  • St Thomas More Catholic Voluntary Academy (0.6 miles)
  • Leicester Islamic Academy (0.7 miles)
  • Leicester Preparatory School (0.7 miles)
  • Wyggeston and Queen Elizabeth I College (1.2 miles)
  • Regent College (1.6 miles)
  • Leicester College co Freemen's Park Campus (1.7 miles)
  • Leicester High School for Girls (0.1 miles)
  • St Crispin's School (1.1 miles)
  • Sir Jonathan North Community College (1.1 miles)
Note: Distances are straight line measurements

Local info for Leicester

About the neighbours in LE2

AskMe Q&A for Leicester

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For more information about this property, please contact
Reliance Properties Ltd, LE3 on +44 116 448 0157 * (local rate)

Monthly running costs Beta

£681 Monthly total

Mortgage

Purchase price
Deposit (10%) 13,000
Repayment term 25
Interest rate 1.5
Your payment £467 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £80,000 Average insurance cost £8/mo (£99/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £36 Electricity £38 Estimated energy cost £74/mo

Similar properties could save up to £236

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 12400 kWh/year
Electricity: 3100 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Leicester

Estimated tax band A Council tax cost £112 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Reliance Properties Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Reliance Properties Ltd, and do not constitute property particulars. Please contact Reliance Properties Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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