Skip to main content Skip to footer

1 bed flat for sale

£73,900 From

Clarence Street, Leicester, Leicestershire LE1

1
Interested in this property? Call +44 20 8115 8144 * or

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

Property features

  • Great transport links
  • Walking distance to the universities
  • No Stamp Duty
  • No management fees
  • 5 years guaranteed rent
  • 7% net rental yields
  • Fully managed 'armchair' investment

Property description

Property and Invest are proud to present our #47 development- A fantastic opportunity to invest in a quality development in the very heart of Leicester's city centre. 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 apartment will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished and 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 communal gardens.

Investors can enjoy a 5 year rental guarantee with their apartment, offering them a minimum of 7% net rental yields per year inclusive of management fees and ground rents. This takes away the question of 'what if it is not tenanted' and provides you with full peace of mind and confidence.

How does this investment work?

Firstly you choose your unit and complete the reservation forms and fee (£5,000)
Then it goes to your solicitor to arrange the exchange of legal contracts where you will make your exchange payment of 30%.
From then until the time your property is ready (Q4 2018) you will gain interest on your deposit at 3%.
Upon completion you transfer the final funds and the property is yours.

How do I get my rent?
Your rent is guaranteed from the date you complete on your sale at 7% per annum. For 5 years from this date you will get that rental return as a minimum paid into your bank, regardless of tenancy.

Your rent is net of any expenses including management fees, ground rent and service charge and is pure profit.

This will be guaranteed in your legal contracts.

What are my exit options?

You are free to sell whenever you like, to whomever you like at any price you like - no one will dictate this for you however please bear in mind this is a student property. We are happy to help with any resales as we usually have a list of buyers who missed out at the off-plan stage. We can do this at a very low fee if you purchased the property through us originally.
Specifications
€Prices from only £59,000
€7% net return after all expenses guaranteed each year for 5 years.
€Optional 3% interest paid on all deposits.
€Fully furnished included in the price
€On-site Gymnasium, Reception & Games Room for all residents
€Completion Q4 2018

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: £120,324
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - £275,000
(1)
-
Flats £90,217
(123)
£159,717
(72)
£185,167
(6)
- -
All £90,217
(123)
£159,717
(72)
£185,167
(6)
£275,000
(1)
-

Current asking rents in LE1

Average: £781 pcm
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £536 pcm
(9)
£982 pcm
(5)
£1,290 pcm
(5)
£1,572 pcm
(6)
£1,728 pcm
(3)
Flats £607 pcm
(87)
£766 pcm
(57)
£1,164 pcm
(19)
£1,509 pcm
(7)
£1,370 pcm
(4)
All £601 pcm
(96)
£783 pcm
(62)
£1,190 pcm
(24)
£1,538 pcm
(13)
£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

Ask a question

See all AskMe Q&A in Leicester

For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

Monthly running costs Beta

£466 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,390
Repayment term 25
Interest rate 1.5
Your payment £265 /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 Property and Invest about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property and Invest, and do not constitute property particulars. Please contact Property and Invest 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.

Properties on the market nearby

175 more properties like this

View all Clarence Street new homes for sale