£235,000

(£179/sq. ft)

6 bed terraced house for sale
Queens 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
  1. Property photo 1 of 9.

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

  • 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)

Floor plan 1
Floor plan 2

Tours

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Property descriptions and related information displayed on this page are marketing materials provided by - Vesta Property. 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 Vesta Property for full details and further information.