9 Bed HMO, Leicester, LE3 0FA £450,000

16 Ashleigh Road, Leicester, LE3 0FA - 31 views - a year ago
HMO
ROI: 5%
~279 m²
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+8 photos

ValuationUndervalued

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

 

 

Square Metres

~279 m²
Price/m²£1.6K/m²

Value Estimate

£612,092
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£28,700

Total Cash In

£141,200

 

 

Cash Out

 

Room Rate

£444

Gross Rent

£3,996

Running Costs/mo

£3,211

Cashflow/mo

£785

Cashflow/yr

£9,420

ROI

7%

Gross Yield

11%

Local Sold Prices

21 sold prices from £105K to £440K, average is £260K. £1.2K/m² to £3.1K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£260K07/230.15 mi21, Sweetbriar Road, Leicester LE3 1AP4
£200K06/230.16 mi28, Chartley Road, Leicester LE3 1AB4
£177K07/250.22 mi142, Barclay Street, Leicester LE3 0JB4
£210K10/210.23 mi119, Barclay Street, Leicester LE3 0JE4
£230K08/250.25 mi159, Barclay Street, Leicester LE3 0JE4
£365K09/210.35 mi11, Braunstone Avenue, Leicester LE3 0JF4
£280K03/230.43 mi79, Valence Road, Leicester LE3 1AR4
£276K01/250.49 mi46, Minehead Street, Leicester LE3 0SJ4
£270K01/250.55 mi32, Daneshill Road, Leicester LE3 6AL4
£332K08/210.56 mi139, Ainsdale Road, Leicester LE3 0UE4
£347.5K03/250.58 mi36, Kingswood Avenue, Leicester LE3 0UN4
£105K01/250.59 mi105, Gooding Avenue, Leicester LE3 1JR4
£440K03/230.68 mi19, Gimson Road, Leicester LE3 6DZ4
£360K05/210.74 mi372, Hinckley Road, Leicester LE3 0TN4
£226K03/230.76 mi5, Castle View, Leicester LE1 5WH4
£226K03/230.76 mi5, Castle View, Leicester LE1 5WH4
£250K04/230.79 mi94, Warwick Street, Leicester LE3 5SD4
£355K01/250.81 mi16, Sunnycroft Road, Leicester LE3 6FT4
£330K12/220.84 mi24, Sandhurst Road, Leicester LE3 6RB4
£250K10/240.99 mi17, Upper King Street, Leicester LE1 6XF4
£250K10/240.99 mi17, Upper King Street, Leicester LE1 6XF4

Local Area Statistics

Population in LE3

101,091

Population in Leicester

565,124

Town centre distance

0.74 miles away

Nearest school

0.30 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-21%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £450,000

May 15, 2025

Listed for £500,000

December 2, 2024

Sold for £275,000

2006

Sold for £170,000

2001

Floor Plans

Property image

Description

  • Large Property with Accommodation Over Three Floors +
  • Three Bathrooms +
  • Two Kitchens +
  • Large Living Room +
  • 6 Bedrooms +
  • Two Bedrooms With En Suite +
  • Rear And Side Garden +
  • Currently Occupied +
  • Leicester City Council Band +
  • EPC Rating E +

FULL DESCRIPTION Martin&Co are pleased to present this 8-bedroom HMO style terraced house found on Ashleigh Road in the Westcotes area just off Narborough Road. This property is a great investment property with the potential to bring in around £48k pa in rental income creating a gross rental yield of circa 9%. The location of the property brings its benefits also being found just off Narborough Road making it within close proximity to local shops, supermarkets, gyms, major access roads and De Montfort University. The layout of the property includes a ground floor consisting of two bedrooms, bathroom and open plan kitchen/lounge, a first floor consisting of three bedrooms and another bathroom, and a second floor consisting of two bedrooms with ensuites. 

HALLWAY  

ROOM1 13' 5" x 12' 9" (4.09m x 3.89m)  

ROOM 2 11' 4" x 11' 2" (3.45m x 3.4m)  

LIVING ROOM 11' 5" x 17' 5" (3.48m x 5.31m)  

KITCHEN/DINER 9' 10" x 15' 9" (3m x 4.8m)  

KITCHEN 4' 11" x 12' 8" (1.5m x 3.86m)  

BATHROOM 5' 8" x 6' 10" (1.73m x 2.08m)  

ROOM 3 14' 10" x 8' 4" (4.52m x 2.54m)  

ROOM 4 7' 5" x 15' 8" (2.26m x 4.78m)  

ROOM 5 7' 5" x 15' 8" (2.26m x 4.78m)  

ROOM 6 19' 2" x 12' 11" (5.84m x 3.94m)  

BATHROOM 8' 1" x 6' 10" (2.46m x 2.08m)  

ROOM 8 13' 4" x 12' 11" (4.06m x 3.94m)  

EN SUITE 3' 0" x 8' 3" (0.91m x 2.51m)  

ROOM 9 13' 0" x 10' 4" (3.96m x 3.15m)  

EN SUITE 8' 9" x 9' 8" (2.67m x 2.95m)  

OUTSIDE Front Garden, on street permit parking and rear garden.

Agent Details

Martin & Co, Leicester

0116 216 2647

Next Steps?

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