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Property Listing Details

Studio for sale

Clarence Street, Leicester LE1

  • New home
From

£59,900

(£271/sq. ft)

Property details

Features

  • 1 bathroom
  • 1 reception room
  • floor area221 sq. ft
  • Leasehold
  • Communal garden
  • Balcony
  • Central heating
  • Double glazing
  • Great central location
  • Well connected - 1 Hour from London
  • Fully managed
  • Secured Income | Proven Returns
  • Games room | Bicycle storage | Gym | Laundry room | Reception area

Listing view statistics

Last 30 days: 135 page views

Since listed: 1957 page views

Description

#47 offers a fantastic investment opportunity with a successful developer.
Take advantage of a market which is structurally undersupplied, where demand is high and rents are rising. This is one of the safest, affordable investment opportunities available, in an excellent location and belonging to an asset class that has out-performed all others for at least 5 years.

Spread over a brand new 7 storey building, each studio will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished/finished to an extremely high standard. They even each have their own roof terrance! "#47" will offer residents superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge/games room and a garden/recreation area! The development will also feature high quality finishes and energy efficient technology, ensuring the ultimate experience in contemporary living for discerning residents and long-term sustainability.

Set for completion in Q4 2018, investors here can benefit from a developer with an impeccable track record and healthy returns assured for a period of 5 years at 7% Net. The only fee to pay is ground rent which is £500 per annum.

Service charges and management fees are covered for within the first five years and will be circa £1250 per annum thereafter.

There is a distinct shortfall of beds for students in Leicester and so one can only feel that a new project of this calibre will satisfy the ever-increasing market demand amongst students in Leicester.

Investment Highlights:
• Prices from £59,900
• 36 Studio apartments
• 7% income assured for 5 years
• 3% Interest on all deposited funds
• 250 years leasehold

• £5000 reservation fee
• 40% deposit on exchange
• 30% Instalment in June 2018
• 30% balance on completion

Floorplan

Map & Nearby

Local Amenities

  • Leicester 0.4 miles
  • South Wigston 3.8 miles
  • Al-Ihsaan Community College 0.4 miles
  • Taylor Road Primary School 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Leicester 0.4 miles
  • South Wigston 3.8 miles
  • Al-Ihsaan Community College 0.4 miles
  • Taylor Road Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in LE1:

  • £144,897
  • Price increase

  • £1,872
  • (1.309%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £127,699
  • Properties sold

    78

Rental opportunities

£516 pcm

Recent sales nearby

See all recent sales in LE1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

In association with

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.

The Agent

Price history

Sold prices provided by Land Registry
18th Sep 2017 £59,900 First listed

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