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Studio for sale

£70,000 Offers in region of

City Heights. Conduit Street, Leicester LE2

1 1
Interested in this property? Call +44 121 659 6221 * or

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

Property features

  • Roof terrace
  • Double glazing
  • Porter/security
  • Wood floors
  • Complition July 2018
  • Mixed Use Residential, Students And Professionals

Property description

City Heights Investments Ideally located in the heart of Leicester, mixed use for residential, students and professionals. Just a stone throw from the central train station, “City Heights” will provide 50+ luxury studios, spread over a brand new 8 storey building. Each studio will be completely self-contained, with private kitchens and bathrooms, and will be fully furnished/finished to an extremely
high standard. The development will offer superior communal facilities for tenants, including laundry room, landscaped rooftop garden, cycle parking, 24/7 concierge desk and a communal lounge/games room. The development will also feature high quality finishes and energy efficient technology, ensuring the ultimate experience in contemporary living to discerning residents and long term sustainability.
For investors:
Rental Income: 7% net Rental guaranteed for 5 years
Construction Interest: 3% interest on paid deposit from exchange to completion
Ground Rent - £500 per year
Leasehold: 250 years Lease
Management Fees/Services Charges: Approx £1250 per year only payable if not in rental guarantee.
Just 1 minute walk to Leicester train station
1 mile to University of Leicester
2 miles to Highcross Shopping Centre
1 mile to Leicester financial district
Close to schools, hospitals and sports facilities
Close to many parks, theatres and cinemas
Now is the time to buy! The current weak Pound (£) means that UK property is cheaper than ever for overseas buyers. Take advantage now, and get the most for your
money before Stirling becomes strong once again!
Please contact City Heights Investments for further information.

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Market activity
Average price paid £205,999 Sales 1,077 Current average value £228,241 (Zoopla Zed-Index) Value change £4,973 ▲ 2.23%

Property value data/graphs for LE2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £396,125 £254 3.9 £338,978
Semi-detached £211,234 £216 3.2 £197,015
Terraced £159,629 £188 2.9 £162,505
Flats £144,428 £216 1.8 £128,615

Current asking prices in LE2

Average: £225,919
Avg. current asking prices in LE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £146,000
(4)
£179,815
(61)
£233,376
(167)
£367,368
(78)
£412,677
(28)
Flats £84,841
(111)
£153,517
(49)
£184,992
(6)
- -
All £86,968
(115)
£168,100
(110)
£231,698
(173)
£367,368
(78)
£412,677
(28)

Current asking rents in LE2

Average: £821 pcm
Avg. current asking prices in LE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £623 pcm
(9)
£645 pcm
(56)
£727 pcm
(137)
£906 pcm
(128)
£1,236 pcm
(53)
Flats £515 pcm
(57)
£690 pcm
(50)
£833 pcm
(6)
£520 pcm
(2)
£408 pcm
(5)
All £530 pcm
(66)
£666 pcm
(106)
£731 pcm
(143)
£900 pcm
(130)
£1,165 pcm
(58)

Fun facts for LE2

Highest value in LE2
Highest value streets Zed-Index
Knighton Grange Road £993,636
Knighton Rise £962,343
Gartree Road £932,488
Manor Road £926,693
Southmeads Road £921,147
Highest turnover in LE2
Highest turnover streets Turnover
Seymour Road 61.5%
Copse Close 50.0%
Althorp Close 46.7%
Kensington Close 45.0%
Belper Close 44.4%

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (527 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:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 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 (0.1 miles)
  • South Wigston (3.5 miles)
  • Syston (4.7 miles)
  • East Midlands Airport (16.3 miles)
  • Coventry Airport (23.5 miles)
  • Birmingham International Airport (29.0 miles)
  • West Lynn Ferry Landing (64.0 miles)
  • King's Lynn Ferry Landing (64.1 miles)
  • Hull Ferry Terminal (84.6 miles)

Nearby schools

View all schools in Leicester
  • Sparkenhoe Community Primary School (0.1 miles)
  • Al-Islamia Institute for Education (0.3 miles)
  • Highfields Primary School (0.3 miles)
  • Regent College (0.4 miles)
  • Leicester College co Freemen's Park Campus (0.7 miles)
  • Wyggeston and Queen Elizabeth I College (0.8 miles)
  • Moat Community College (0.2 miles)
  • Leicester International School (0.4 miles)
  • The Children's Hospital School (0.6 miles)
Note: Distances are straight line measurements

Local info for Leicester

AskMe Q&A for Leicester

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For more information about this property, please contact
City Heights Investments, B1 on +44 121 659 6221 * (local rate)

Monthly running costs Beta

£445 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,000
Repayment term 25
Interest rate 1.5
Your payment £251 /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 £75,000 Average insurance cost £21/mo (£257/yr) 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 £19 Electricity £22 Estimated energy cost £41/mo 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: 5900 kWh/year
Electricity: 1700 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 City Heights Investments 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 City Heights Investments, and do not constitute property particulars. Please contact City Heights Investments 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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