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Studio for sale

£59,900

Clarence Street, Leicester LE1

1
Interested in this property? Call +44 20 3641 5469 * or

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Property description

7% net income assured for 5 years

* 3% interest on exchange deposit funds

* studio, 1,2 & 3 bed apartments + balcony

* from £59,900, new build buy-to-let

* fully furnished and fully managed

* experienced developer and management

"#47" Ideally located in the heart of Leicester City Centre, it will provide luxurious "47 Student flats", offering a mix of Studios and 1,2 and 3 bedroom boutique apartments.

Location

- 700 meters from De Montfort University

- 12 minutes from University of Leicester

- 6 minutes from Leicester College

- 9 minutes from Regent College

Opportunity in the heart of Leicester City

#47 is a fantastic opportunity to invest in a quality development in a major UK city, Leicester. 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 and flat 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 balcony! #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.

The Developer

An experienced new homes developer who have sold out and delivered 5 projects to date. This is their 2nd development launched in Leicester city.

An outstanding track record for building high specification, mixed use residential property, that deliver consistently for tenants and investors alike.

Contact us for a Brochure and more information about this opportunity

The information contained within these details and/or marketing images and floor plans are intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending purchaser must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.

Clarence Street, Leicester, Leicestershire, LE1 3RW

59,900 gbp
Market activity
Average price paid £125,039 Sales 84 Current average value £155,625 (Zoopla Zed-Index) Value change £4,171 ▲ 2.75%

Property value data/graphs for LE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £278,134 - 3.7 -
Semi-detached £248,934 - 3.6 £250,000
Terraced £251,156 £177 3.2 £216,500
Flats £144,403 £222 1.8 £119,570

Current asking prices in LE1

Average: £124,812
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - £275,000
(1)
-
Flats £90,495
(120)
£159,291
(71)
£185,167
(6)
- -
All £90,495
(120)
£159,291
(71)
£185,167
(6)
£275,000
(1)
-

Current asking rents in LE1

Average: £772 pcm
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £528 pcm
(8)
£997 pcm
(1)
£1,225 pcm
(4)
£1,487 pcm
(5)
£1,728 pcm
(3)
Flats £610 pcm
(85)
£764 pcm
(58)
£1,138 pcm
(18)
£1,509 pcm
(7)
£1,370 pcm
(4)
All £603 pcm
(93)
£768 pcm
(59)
£1,153 pcm
(22)
£1,500 pcm
(12)
£1,524 pcm
(7)

Fun facts for LE1

Highest value in LE1
Highest value streets Zed-Index
Wellington Street £284,627
De Montfort Street £282,009
New Walk £269,924
West Street £268,875
Salisbury Road £253,719
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% (539 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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For more information about this property, please contact
Select Estate, N11 on +44 20 3641 5469 * (local rate)

Monthly running costs Beta

£416 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)
Compare insurance deals now 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 £18 Electricity £24 Estimated energy cost £42/mo

Similar properties could save up to £120

How Much Could I Save? 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 Select Estate 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 Select Estate, and do not constitute property particulars. Please contact Select Estate 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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