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Studio for sale

£59,900 (£271/sq. ft) From

Clarence Street, Leicester LE1

1 1 221 sq. ft*
Interested in this property? Call +44 121 721 9965 * or

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

Property features

  • 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

Property description

#47 offers a fantastic investment opportunity with a successful developer.
Take advantage of a market which is structurally under supplied, 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(s): Floorplan 1

View original

Market activity
Average price paid £123,169 Sales 120 Current average value £154,087 (Zoopla Zed-Index) Value change £3,153 ▲ 2.09%

Property value data/graphs for LE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £275,377 - 3.7 -
Semi-detached £237,940 - 3.6 £250,000
Terraced £240,893 £173 3.2 £222,000
Flats £143,710 £218 1.8 £118,385

Current asking prices in LE1

Average: £135,890
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - £185,000
(1)
- -
Flats £91,285
(53)
£141,717
(47)
£172,286
(7)
- -
All £91,285
(53)
£141,717
(47)
£173,875
(8)
- -

Current asking rents in LE1

Average: £759 pcm
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £448 pcm
(3)
£600 pcm
(2)
£1,255 pcm
(4)
£1,591 pcm
(5)
£1,184 pcm
(3)
Flats £604 pcm
(70)
£726 pcm
(45)
£1,185 pcm
(9)
£1,428 pcm
(6)
£1,269 pcm
(4)
All £597 pcm
(73)
£721 pcm
(47)
£1,207 pcm
(13)
£1,502 pcm
(11)
£1,232 pcm
(7)

Fun facts for LE1

Highest value in LE1
Highest value streets Zed-Index
Wellington Street £280,574
De Montfort Street £272,931
West Street £258,718
New Walk £251,910
Salisbury Road £250,022
Highest turnover in LE1
Highest turnover streets Turnover
Shires Lane 74.2%
Church Street 67.9%
Berridge Street 60.0%
Colton Square 51.6%
Norton Street 35.3%

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 (0.4 miles)
  • South Wigston (3.8 miles)
  • Syston (4.4 miles)
  • East Midlands Airport (15.8 miles)
  • Coventry Airport (23.7 miles)
  • Birmingham International Airport (28.9 miles)
  • West Lynn Ferry Landing (64.2 miles)
  • King's Lynn Ferry Landing (64.3 miles)
  • Hull Ferry Terminal (84.4 miles)

Nearby schools

View all schools in Leicester
  • Taylor Road Primary School (0.5 miles)
  • Charnwood Primary School (0.6 miles)
  • Sparkenhoe Community Primary School (0.6 miles)
  • Regent College (0.8 miles)
  • Leicester College co Freemen's Park Campus (1.0 mile)
  • Wyggeston and Queen Elizabeth I College (1.3 miles)
  • Al-Ihsaan Community College (0.3 miles)
  • Leicester International School (0.5 miles)
  • Moat Community College (0.5 miles)
Note: Distances are straight line measurements

Local info for Leicester

About the neighbours in LE1

AskMe Q&A for Leicester

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Golden Properties, LE14 on +44 121 721 9965 * (local rate)

Monthly running costs Beta

£415 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,990
Repayment term 25
Interest rate 1.5
Your payment £215 /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 £350,000 Contents value up to £40,000 Average insurance cost £27/mo (£323/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 Golden Properties 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 Golden Properties, and do not constitute property particulars. Please contact Golden Properties 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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