- Spanning Over 3 Floors +
- 7 Bedrooms +
- Yield Of 8.6% +
- 5% Annual Rental Increase Per Annum +
- Tenant pays £3033 pcm +
- Modern Throughout +
Pure Investor brings to the market this 7-bedroom mid-terraced property at 40 Severn Street, Leicester LE2 1BA.Large 7 bedroom, fully licenced HMO for sale in central Leicester. Current tenant pays a fixed rent of £3033 per month from 1st August 2024 for 12 months - All utililty bills covered by tenants. Previous monthly rent was £2881 pcm from 1st September 20203. The property consists of a communal living room, kitchen, and two-family bathrooms on the ground and first floor. There is one double bedroom on the ground floor, three double and one single bedroom on the first floor and two double bedrooms on the second floor.
Key Selling Information
* 7-bed mid-terraced property
* Asking price offers over £390,000
* 2 family bathrooms
* Currently Sub Let to an agency who rent out the rooms
* Self-managed
* Current rental income of £34,572.00 per annum 23/24. This will increase to £36,396.00 from August 2024.
* 5% rental increase from August 2024
* The tenant pay all utility bills.
* Gross yield - 8.6%
* On-street parking
* Access to some outside space
* Council Tax Band - C
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Pure Investor are one of the UK's leading property investment consultancies, specialising in the sale of tenanted buy-to-let properties throughout the UK. If you're currently considering selling your buy-to-let, and would like to find out more information on how we work with landlords like yourself, please feel free to contact us today via the contact form on the right hand side of this page.