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Studio for sale

£76,934 (£251/sq. ft)

Wood Gate, Loughborough LE11

1 307 sq. ft*
Interested in this property? Call +44 20 3641 4501 * or

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

Property features

  • Communal garden
  • Terrace
  • On street/residents parking
  • Central heating
  • Double glazing

Property description

Investment highlights:

All income predetermined, contracted and fixed in place
Professional management ensures effortless income
Income will start immediately on exchange of contracts
Buyer interests aligned with developer
Fully flexible resale options
Available for £76,934

Development highlights:

Fully operational student property
103 en-suites & 9 self-contained studios
Excellent onsite facilities
Proven performance since 2008
Short walk from Top 10 University
Only 1 student studio available

Why The Foundry (Phase I)?

This quality 112-room property has been fully operational since 2008 and is currently 100% occupied, rewarding investors with immediate income.
It provides a high standard of student living, with comfortable en-suites (some sharing a kitchen between just two units) and a limited number of spacious studios.
The property is ideally located close to Loughborough University - one of the top 10 higher education institutions in the country and the most popular first choice for prospective students.
A single unit has recently become available, and the buyer will benefit from 8.3%-9.2% net fixed income every year for 7.5 years.
There are zero costs during this time, and professional onsite management by Mezzino ensures that this income is completely effortless.
Market activity
Average price paid £197,455 Sales 653 Current average value £218,183 (Zoopla Zed-Index) Value change £6,451 ▲ 3.05%

Property value data/graphs for LE11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £322,578 £232 3.7 £293,618
Semi-detached £192,943 £210 3.1 £175,222
Terraced £164,981 £187 2.9 £152,155
Flats £129,869 £199 1.7 £102,130

Current asking prices in LE11

Average: £194,340
Avg. current asking prices in LE11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £109,950
(1)
£135,704
(25)
£179,122
(45)
£280,091
(21)
£365,714
(7)
Flats £100,342
(14)
£122,960
(20)
£145,000
(2)
- -
All £100,982
(15)
£130,040
(45)
£177,670
(47)
£280,091
(21)
£365,714
(7)

Current asking rents in LE11

Average: £849 pcm
Avg. current asking prices in LE11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £370 pcm
(21)
£628 pcm
(20)
£868 pcm
(26)
£1,116 pcm
(11)
£1,494 pcm
(10)
Flats £441 pcm
(30)
£607 pcm
(11)
£797 pcm
(3)
- -
All £412 pcm
(51)
£621 pcm
(31)
£861 pcm
(29)
£1,116 pcm
(11)
£1,494 pcm
(10)

Fun facts for LE11

Highest value in LE11
Highest value streets Zed-Index
Snells Nook Lane £677,020
Cricket Lane £608,341
Brook Lane £523,701
Dunsmore Close £508,759
Castledine Street £499,243
Highest turnover in LE11
Highest turnover streets Turnover
Outwoods Avenue 54.5%
Vale Close 50.0%
Weaver Close 47.4%
Lime Tree Grove 47.1%
Charnwood Forester End 46.2%

What Zoopla users think of Loughborough

Overall rating:

  • currently 4 stars
Very good - 80% (79 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 Loughborough:

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

  • Loughborough (0.8 miles)
  • Barrow-upon-Soar (2.7 miles)
  • Sileby (4.8 miles)
  • East Midlands Airport (6.7 miles)
  • Coventry Airport (29.9 miles)
  • Birmingham International Airport (31.5 miles)
  • West Lynn Ferry Landing (66.8 miles)
  • King's Lynn Ferry Landing (66.9 miles)
  • Hull Ferry Terminal (77.7 miles)

Nearby schools

View all schools in Charnwood
  • Fairfield Preparatory School (0.3 miles)
  • Cobden Primary School & Community Centre (0.3 miles)
  • Loughborough Church of England Primary School (0.5 miles)
  • RNIB College Loughborough (0.5 miles)
  • Loughborough College (0.6 miles)
  • Hind Leys Community College (3.2 miles)
  • ASPIRE: Lifeskills Learning Centre (0.1 miles)
  • Loughborough High School (0.2 miles)
  • Trinity College (0.3 miles)
Note: Distances are straight line measurements

Local info for Charnwood

About the neighbours in LE11

AskMe Q&A for Charnwood

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

For more information about this property, please contact
Emerging Property, SW1Y on +44 20 3641 4501 * (local rate)

Monthly running costs Beta

£352 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,693
Repayment term 25
Interest rate 1.5
Your payment £276 /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 £25,000 Average insurance cost £14/mo (£163/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

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 Emerging Property 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 Emerging Property, and do not constitute property particulars. Please contact Emerging Property 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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