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Studio for sale

£73,900 From

Clarence Street, Leicester LE1

1 1
Interested in this property? Call +44 121 659 5819 * or Request Details

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Property features

  • **studio investment with guaranteed rent**
  • Due to complete in Q4 2018
  • Modern fixtures and fittings
  • Includes a games room
  • Laundry room
  • Communal roof-top terrace
  • 250-year lease
  • Guaranteed rent (7% net) for five years
  • Fully managed
  • £5,000 reservation fee

Property description

**investment with five year rent guarantee** On offer: Student accommodation - a fantastic studio apartment in the heart of the city with modern fittings. Luxury finish. *click now!*

Summary

We are delighted to offer our development partner’s latest project - "#47" - to the market. Situated in the heart of Leicester within walking distance of a range of key amenities, this brand-new property contains 47 luxury student flats. Read on!

The Development

Designed to a very high specification, this stylish and contemporary development is only a few minutes’ walk from the city centre, two universities, excellent transport links and more.

Each apartment in the seven-storey building is self-contained and includes a kitchen, an open-plan living area, a shower room and a balcony. All apartments are fully-furnished; finished to an extremely high standard; and incorporate energy-efficient technology to ensure long-term sustainability.

Property Details

There are three different studio apartments currently available, including two 25.5sq.M. Apartments for £73,900. There are also slightly larger apartments (28.5-31.5sq.M.) available on various floors for £82,900 and £88,900.

The annual service charge is £1,250 (only payable if the owner is not part of the rent guarantee scheme) and the ground rent is £500 per annum.

"#47"’s unique luxury facilities include:
> Ground-floor reception
> Roof-top terrace
> Laundry room
> Cycle parking
> Fitness room
> Communal lounge
> Games room
> Garden/recreational area

Location

The property is conveniently located within walking distance of De Montfort University, the University of Leicester, Leicester College and Regent College.
It also enjoys easy access to other key amenities including Leicester train station, Haymarket Shopping Centre and much more!

Call Now!

This property would make an ideal and affordable 'no-nonsense' investment and offers guaranteed rental income. So don’t delay: Call today to arrange a viewing!

Property info

Market activity
Average price paid £120,400 Sales 74 Current average value £158,891 (Zoopla Zed-Index) Value change £9,169 ▲ 6.12%

Property value data/graphs for LE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £292,347 - 3.7 -
Semi-detached £255,318 - 3.6 £310,000
Terraced £263,679 £186 3.2 £144,500
Flats £146,845 £227 1.8 £117,050

Current asking prices in LE1

Average: £137,294
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £125,000
(1)
- - -
Flats £97,379
(91)
£157,766
(55)
£220,222
(9)
- -
All £97,379
(91)
£157,181
(56)
£220,222
(9)
- -

Current asking rents in LE1

Average: £710 pcm
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £525 pcm
(6)
£808 pcm
(2)
£802 pcm
(1)
£1,241 pcm
(9)
£875 pcm
(6)
Flats £613 pcm
(159)
£820 pcm
(63)
£1,173 pcm
(10)
£1,565 pcm
(7)
£1,185 pcm
(4)
All £610 pcm
(165)
£819 pcm
(65)
£1,139 pcm
(11)
£1,383 pcm
(16)
£999 pcm
(10)

Fun facts for LE1

Highest value in LE1
Highest value streets Zed-Index
Wellington Street £291,845
West Street £280,763
De Montfort Street £274,363
New Walk £268,713
Newtown Street £259,125
Highest turnover in LE1
Highest turnover streets Turnover
Shires Lane 76.7%
Church Street 67.9%
Colton Square 50.0%
Berridge Street 50.0%
Norton Street 35.3%

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (605 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 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)
  • Wigston College (3.9 miles)
  • Beauchamp College (4.2 miles)
  • Groby Community College (4.7 miles)
  • Al-Ihsaan Community College (0.3 miles)
  • Moat Community College (0.5 miles)
  • The Children's Hospital School (0.7 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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Arrange Viewing

For more information about this property, please contact
Open Door, Solihull, B90 on +44 121 659 5819 * (local rate)

Monthly running costs Beta

£464 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 £17 Electricity £23 Estimated energy cost £40/mo

Similar properties could save up to £177

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 Open Door, Solihull 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 Open Door, Solihull, and do not constitute property particulars. Please contact Open Door, Solihull 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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