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Property Listing Details

Features

  • 1 bedroom
  • Leasehold
  • 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

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

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Al-Ihsaan Community College 0.3 miles
  • Taylor Road Primary School 0.5 miles
  • Leicester 0.4 miles
  • South Wigston 3.8 miles

Price history

Sold prices provided by Land Registry
16th May 2018 £73,900 First listed

Running costs

Mortgage calculator

£ per month

How much could I borrow?

In association with

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.

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Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.