£235,000
(£179/sq. ft)
6 bed terraced house for saleQueens Road, Loughborough LE11
6 beds
2 baths
1 reception
1,315 sq. ft
Tenure:
Leasehold
Service charge:
Not available
Time remaining on lease:
Not available
Council tax band:
Not available
Ground rent:
Not available
Property photos
Points of interest
Property location
Nearby amenities
- Rendell Primary School0.3 miles
- Cobden Primary School & Community Centre0.3 miles
- Loughborough0.3 miles
- Barrow-upon-Soar2.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Tenanted investment property
- 6-bed HMO
- £25,200 rent per annum
- 10.7% Gross Rental Yield
- 16.2% hpi (last five years)
This is an investment opportunity to purchase a HMO in Loughborough generating £25,200 rent pa and 10.7% gross yield.
Leasehold information
Property information
Rental income
Running costs
The vendor provided us with the following running costs of this property:
Property location
Leasehold information
- Length of lease: 99 years
- Year lease started: 2007
Property information
- Fully licenced HMO
- Spread over 3 floors
- Large kitchen/diner
- Separate reception room
- 2 dedicated parking spaces
- EPC rating D
- Bills included
- Expected monthly rental income £1,950, based on previous performance
Rental income
- As of January 2022 of the 6 rooms 4 are now let
- Applications have been received for the other 2 rooms
- Rooms are let at £350 pcm
- Aggregate rental income when fully let: £2,100 pcm; £25,200 pa
Running costs
The vendor provided us with the following running costs of this property:
- Council tax £170
- Utilities £100 pcm
- TV/cable £40 pcm
- Total cost pcm: £310
- Total cost pa: £3,720
Property location
- Bus link just outside of the property
- Loughborough train station is less than 10-minute walk from the property
- The city centre is around half a mile from the property
Floor plans and tours
Floor plans (3)
Tours
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