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Property Listing Details

Property details

  • 5 bedrooms
  • 2 bathrooms
  • 2 reception rooms

Features

  • Freehold

Listing view statistics

Last 30 days: 230 page views

Description

HMO Licensed 5 bedroom link detached House of Multiple Occupation (HMO) uprn .

The current license is renewed to 16th July 2024. The rooms are valued to let and circa £27500 returning a gross 6.8% yield in the buoyant student market, based upon the current asking price and with potential for a sixth room, subject to license and planning approval for a garage conversion.

A robust venture; 'During the covid pandemic as a contingency to the student market incosistencies the appointed agent has executed a corporate contract until June 2021 returning 21000 per annum, inclusive. Marketing has commenced to secure incoming students for 2021 intake which will commence in February for a summer change over.'

The detached base property has been extended and developed by the long term owners for the purpose of a desirable investment unit attractive to both tenants and future investment buyers. The property is presented to an exceptional standard by the current professional landlords with a high end finish for the incoming investors. The current tenancies are secured until June 2021and although previously let to students for around 11 years the takeover tenancy will be for professional long term tenants. The fixtures, fittings and tenancies will be transferred to the successful applicant upon completion, subject to contract and negotiation.

Entrance hall; Via double glazed door into entrance hall with stairs off to first floor, wood laminate flooring, radiator and doors into kitchen diner and bedroom one/lounge.

Bedroom 1: 14' 10" x 10' 10" (4.52m x 3.3m) Double glazed window to front elevation, wood effect laminate flooring, radiator and double door into sitting room.

Sitting room 8' 10" x 8' 3" (2.69m x 2.51m). Having radiator and sliding doors to rear elevation leading out into the garden.

Kitchen diner 17' 5" x 16' 9" (5.31m x 5.11m) Fitted with a range of wall, base and drawer units with laminate work surfaces, stainless steel sink drainer, integrated electric oven, built in gas hob, stainless steel extractor hood, integrated dishwasher, under-counter space and plumbing for washing machine, space for American fridge freezer, tiled flooring, space for dining table and chairs, under-stairs storage cupboard, two double glazed windows to rear elevation, door into sitting room, door into shower room and external door to rear elevation leading out into the garden.

Shower room comprising three piece suite with close coupled w.c. Sink unit and double shower cubicle, tiled flooring, all tiled walls and tower radiator.

Landing; Doors to;

Bedroom; 15' 8" x 8' 5" (4.78m x 2.57m) . Having double glazed windows to front elevation, radiator and laminate flooring.

Bedroom; 12' 7" x 10' 11" (3.84m x 3.33m) Having double glazed window to rear elevation, radiator and laminate flooring.

Bedroom; 11' 1" x 10' 0" (3.38m x 3.05m) double glazed window to front elevation and radiator.

Bedroom; 15' 11" x 7' 8" max. (4.85m x 2.34m) With double glazed window to rear elevation and radiator.

Bathroom; Fitted with a three piece suite comprising p-shaped bath with shower screen and shower over, pedestal wash hand basin and close coupled W.C. Tiled flooring, fully tiled walls, chrome ladder radiator and double glazed window to rear elevation.

Garage 14' 5" x 8' 3" (4.39m x 2.51m) Up and over door to front elevation.

Outside; The proeprty is approached via a driveway with multiple car standing leading to a low maintannce rear garden.

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Loughborough 2.1 miles
  • Barrow-upon-Soar 3.6 miles
  • Holywell Primary School 0.4 miles
  • Hardwick House School (SEN) 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Loughborough 2.1 miles
  • Barrow-upon-Soar 3.6 miles
  • Holywell Primary School 0.4 miles
  • Hardwick House School (SEN) 0.5 miles

Market stats

Sale activity

Average estimated value for a house in LE11:

  • £209,114
  • Price increase

  • £658
  • (0.316%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £200,941
  • Properties sold

    99

Rental opportunities

Looking for an investment? The average rent for a 5 bedroom house in LE11 is currently:

£1,876 pcm

Recent sales nearby

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Estimated running costs

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The Agent

Price history

Sold prices provided by Land Registry
11th Jan 2021 £389,950 Price reduced by £10,000
24th Nov 2020 £399,950 First listed
8th Feb 2008 £197,000 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Leaders - Loughborough. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Leaders - Loughborough for full details and further information.