4 Bed HMO, Leicester, LE3 1AP £215,000

Sweetbriar Road, Off Narborough Road, LE3 1AP - 3 views - a year ago
Sold STC
HMO
ROI: 14%
~88 m²
Property image

ValuationOvervalued

Sold Prices£105K - £440K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~87.80 m²
Price/m²£2.4K/m²

Value Estimate

£187,607

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Total Cash In

£67,500

 

 

Cash Out

 

Room Rate

£600

Gross Rent

£2,400

Running Costs/mo

£1,627

Cashflow/mo

£773

Cashflow/yr

£9,275

ROI

14%

Gross Yield

13%

Local Sold Prices

20 sold prices from £105K to £440K, average is £273K. £1.2K/m² to £3.1K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£260K07/230.03 mi21, Sweetbriar Road, Leicester LE3 1AP4
£200K06/230.1 mi28, Chartley Road, Leicester LE3 1AB4
£177K07/250.36 mi142, Barclay Street, Leicester LE3 0JB4
£210K10/210.37 mi119, Barclay Street, Leicester LE3 0JE4
£230K08/250.38 mi159, Barclay Street, Leicester LE3 0JE4
£280K03/230.42 mi79, Valence Road, Leicester LE3 1AR4
£365K09/210.46 mi11, Braunstone Avenue, Leicester LE3 0JF4
£105K01/250.52 mi105, Gooding Avenue, Leicester LE3 1JR4
£276K01/250.6 mi46, Minehead Street, Leicester LE3 0SJ4
£332K08/210.64 mi139, Ainsdale Road, Leicester LE3 0UE4
£347.5K03/250.64 mi36, Kingswood Avenue, Leicester LE3 0UN4
£270K01/250.71 mi32, Daneshill Road, Leicester LE3 6AL4
£440K03/230.8 mi19, Gimson Road, Leicester LE3 6DZ4
£360K05/210.81 mi372, Hinckley Road, Leicester LE3 0TN4
£285K05/210.87 mi32, Foxcroft Close, Leicester LE3 2DZ4
£355K01/250.88 mi16, Sunnycroft Road, Leicester LE3 6FT4
£226K03/230.9 mi5, Castle View, Leicester LE1 5WH4
£226K03/230.9 mi5, Castle View, Leicester LE1 5WH4
£250K04/230.95 mi94, Warwick Street, Leicester LE3 5SD4
£330K12/220.96 mi24, Sandhurst Road, Leicester LE3 6RB4

Local Area Statistics

Population in LE3

101,091

Population in Leicester

565,124

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-21%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £215,000

October 24, 2024

Price changed to £230,000

September 30, 2024

Listed for £240,000

June 28, 2024

Floor Plans

Property image

Description

  • Four bedroom investment property +
  • Rental income potential £600 per room, per month +
  • Rear courtyard +
  • Utility room +
  • Modern kitchen/diner +
  • Available with no onward chain +
  • Please contact Taylors to arrange your visit +

Spacious four-bedroom home | Ideal investment | Highly popular location | Available with no onward chain | Please contact Taylors to arrange your visit!

Buyers Premium - A buyer's premium of 2% + VAT of the agreed sale price applies to this property payable on acceptance of your offer and is in addition to the purchase price. Full terms and conditions on request.

Property Description - Welcome to this spacious and well-presented four-bedroom HMO property located in the heart of Leicester, LE3. This charming mid-terrace house offers an excellent investment opportunity with a potential rental income of £600 per room, per month. The property is offered with no onward chain and holds great potential to increase the number of bedrooms to five, enhancing its rental yield.

Upon entering, you are greeted by a bright and airy hallway leading to a generously sized living room with large bay windows, allowing ample natural light to flood the space. The room features attractive hardwood flooring and modern lighting fixtures, creating a warm and inviting atmosphere.

The modern kitchen is fitted with sleek grey cabinets, providing ample storage space, complemented by high-quality countertops

and contemporary white subway tile backsplash. The kitchen is equipped with an integrated oven, hob, and extractor fan, making it perfect for communal cooking and dining.

The property boasts four well-proportioned bedrooms, each offering plenty of space for double beds and additional furniture. The large windows in each room ensure they are filled with natural light, creating a comfortable living environment for tenants. There is ample built-in storage in some of the bedrooms, enhancing the practicality of the space.

The bathroom is modern and well-maintained, featuring a walk-in shower, wash basin, and toilet. The neutral decor and quality fittings make it both functional and aesthetically pleasing.

Outside, the property features a tidy front garden, and there is potential for a small rear courtyard garden, offering a private outdoor space for tenants to enjoy.

Key Features:
- Four spacious bedrooms with potential to increase to five
- Modern kitchen with high-quality fittings
- Bright and airy living room with bay windows
- Contemporary bathroom with walk-in shower
- Offered with no onward chain
- Potential rental income of £600 per room, per month

Located in a popular area of Leicester, this property is close to local amenities, universities, and public transport links, making it an ideal choice for students or professionals. Don't miss out on this fantastic investment opportunity – contact us today to arrange a viewing.

Downstairs Bedroom - 4.53 x 3.11 (14'10" x 10'2") -

Reception Room - 4.10 x 3.57 (13'5" x 11'8") -

Kitchen/Diner - 5.44 x 2.15 (17'10" x 7'0") -

Utility Room - 3.52 x 2.37 (11'6" x 7'9") -

First Floor Bedroom One - 3.79 x 3.19 (12'5" x 10'5") -

First Floor Bedroom Two - 3.56 x 3.24 (11'8" x 10'7") -

First Floor Bedroom Three - 3.21 x 2.18 (10'6" x 7'1") -

Shower Room - 2.14 x 1.28 (7'0" x 4'2") -

Agent Details

Taylors, Leicester

0116 502 3270

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪