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Studio for sale

£82,500 (£246/sq. ft) Fixed price

Clarence Street, Leicester, Leicestershire LE1

1 1 336 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8022 7495 * or

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

Property features

  • Communal garden
  • Roof terrace
  • Balcony
  • Off street parking
  • Porter/security
  • Laundry room and communal games areas
  • Close access to transport links and walking distance to city centre
  • 7% net rental guaranteed for 5 years with 3% interest on paid deposit
  • 250 year leasehold with completion due Q3 2018

Property description

Ideally located in the heart of Leicester City Centre, #47 provides investors a fantastic opportunity to purchase luxury student flats in a major UK city, which is structurally under-supplied and where rents are on the rise.

Spread over a brand new 7 storey building, each studio and flat will be completely self-contained, with private kitchens, bathrooms and fully furnished to an extremely high standard. Along with each apartment having its own balcony, residents will also be able to enjoy the superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge and recreation area.

The development will also feature energy efficient technology, ensuring the ultimate experience in contemporary living for long term sustainability. This is one of the most affordable investment opportunities available and belongs to an asset class that has outperformed all others for at least 5 years.
Market activity
Average price paid £120,400 Sales 74 Current average value £158,703 (Zoopla Zed-Index) Value change £6,840 ▲ 4.50%

Property value data/graphs for LE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £292,197 - 3.7 -
Semi-detached £255,116 - 3.6 £310,000
Terraced £263,123 £184 3.2 £144,500
Flats £146,690 £223 1.8 £117,050

Current asking prices in LE1

Average: £110,065
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £125,000
(1)
£145,000
(1)
- -
Flats £88,650
(187)
£160,232
(53)
£220,400
(10)
- -
All £88,650
(187)
£159,580
(54)
£213,545
(11)
- -

Current asking rents in LE1

Average: £696 pcm
Avg. current asking prices in LE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £556 pcm
(6)
£808 pcm
(2)
£802 pcm
(1)
£1,241 pcm
(9)
£875 pcm
(6)
Flats £610 pcm
(166)
£807 pcm
(63)
£1,162 pcm
(9)
£1,565 pcm
(7)
£1,185 pcm
(4)
All £608 pcm
(172)
£807 pcm
(65)
£1,126 pcm
(10)
£1,383 pcm
(16)
£999 pcm
(10)

Fun facts for LE1

Highest value in LE1
Highest value streets Zed-Index
Wellington Street £291,585
West Street £280,422
De Montfort Street £274,211
New Walk £268,399
Salisbury Road £258,846
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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

Monthly running costs Beta

£495 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,250
Repayment term 25
Interest rate 1.5
Your payment £296 /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 Flambard Williams 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 Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams 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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