2 Bed Flat, BMV, Leicester, LE5 1PS £135,000

Birkby Close, Hamilton, Leicester, LE5 1PS - 6 views - 9 months ago
Leasehold
BTL
ROI: 8%
~68 m²
Property image
Property image

ValuationUndervalued

Sold Prices£60K - £333K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£138,046
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,625

Total Cash In

£41,375

 

 

Cash Out

 

Rent Range

£575 - £1,200

Rent Estimate

£875

Running Costs/mo

£617

Cashflow/mo

£258

Cashflow/yr

£3,098

ROI

7%

Gross Yield

8%

Local Sold Prices

42 sold prices from £60K to £333K, average is £146.5K. £1.2K/m² to £3.4K/m², average is £2.4K/m².

Price
Date
Distance
Address
Beds
 
£132K05/250.02 miFlat 27, 7, Birkby Close, Leicester LE5 1PS2
£148K08/240.02 mi7, Flat 23, Birkby Close, Leicester LE5 1PS2
£135K08/240.07 mi52 Halford House, Apartment 1, Carty Road, Leicester LE5 1QS2
£135K08/240.07 miApartment 1, 52 Halford House, Carty Road, Leicester LE5 1QS2
£130K07/250.13 miApartment 1, 190, Sandhills Avenue, Leicester LE5 1PL2
£155K11/220.15 mi3, Swinton Close, Hamilton, Leicester LE5 1PH2
£113K07/240.25 miFlat 5, 5, Heritage Way, Leicester LE5 1QF2
£113K07/240.25 mi5, Flat 5, Heritage Way, Leicester LE5 1QF2
£181.5K01/250.28 mi108, Heritage Way, Leicester LE5 1QF2
£181.5K01/250.28 mi108, Heritage Way, Leicester LE5 1QF2
£181.5K01/250.28 mi108, Heritage Way, Leicester LE5 1QF2
£118K12/240.41 mi96, Apartment 4, Kestrel Lane, Leicester LE5 1BH2
£118K12/240.41 miApartment 4, 96, Kestrel Lane, Leicester LE5 1BH2
£162K04/230.89 mi27, Cookson Road, Leicester LE4 9WT2
£140K08/240.9 mi42, Hotoft Road, Leicester LE5 1EF2
£140K08/240.9 mi42, Hotoft Road, Leicester LE5 1EF2
£60K02/250.91 mi28, Hotoft Road, Leicester LE5 1EF2
£133K03/230.91 mi13, Hotoft Road, Leicester LE5 1EF2
£105K05/210.92 mi22, Hotoft Road, Leicester LE5 1EF2
£130K07/241.22 mi20, Apartment 10, Onyx Crescent, Leicester LE4 9AG2
£231K09/241.39 mi14, Scraptoft Hall, Church Hill, Leicester LE7 9TW2
£333K09/241.4 miScraptoft Hall, The Music Room, Church Hill, Scraptoft LE7 9TW2
£147.5K07/241.46 mi33, Malsbury Avenue, Scraptoft, Leicester, Leicestershire LE7 9FQ2
£148K06/231.46 mi34, Malsbury Avenue, Scraptoft, Leicester, Leicestershire LE7 9FQ2
£125K06/221.46 mi49, Malsbury Avenue, Scraptoft, Leicester, Leicestershire LE7 9FQ2
£147.5K07/241.46 mi33, Malsbury Avenue, Leicester LE7 9FQ2
£150K10/241.75 mi8, Coleman Close, Leicester LE5 4LP2
£150K10/241.75 mi8, Coleman Close, Leicester LE5 4LP2
£165K12/221.92 mi41, Havelock Gardens, Thurmaston, Leicester, Leicestershire LE4 8DX2
£145.5K12/211.92 mi39, Havelock Gardens, Thurmaston, Leicester, Leicestershire LE4 8DX2
£175K06/241.92 miBlock 4, Flat 42, Havelock Gardens, Leicester LE4 8DX2
£157.5K10/241.93 miBlock 3, Flat 30, Havelock Gardens, Leicester LE4 8DX2
£157.5K10/241.93 miFlat 30, Block 3, Havelock Gardens, Leicester LE4 8DX2
£155K02/251.94 miFlat 26, Block 3, Havelock Gardens, Leicester LE4 8DX2
£155K02/251.94 miBlock 3, Flat 26, Havelock Gardens, Leicester LE4 8DX2
£100K12/231.95 mi18, Vale End, Thurnby, Leicester, Leicestershire LE7 9QL2
£215K05/251.95 mi15, Higgs Close, Leicester LE5 4LY2
£215K05/251.95 mi15, Higgs Close, Leicester LE5 4LY2
£67K03/231.96 mi48, Fern Close, Thurnby, Leicester, Leicestershire LE7 9QJ2
£85K08/241.97 mi47, Fern Close, Leicester LE7 9QJ2
£130K06/231.98 mi314, Martin Street, Leicester LE4 6EU2
£98K08/211.99 mi300, Martin Street, Leicester LE4 6EU2

Local Rents

50 rents from £575/mo to £1.2K/mo, average is £898/mo.

Rent
Date
Distance
Address
Beds
 
£70008/250 miBirkby Close , Hamilton, Leicester2
£87505/240 miBirkby Close, Hamilton2
£87505/240 mi-2
£98506/250 mi-2
£98506/250 miBirkby Close, Leicester, LE52
£79507/240 miBirkby Close , Hamilton, Leicester2
£97511/250.01 miFlat , Birkby Close, Hamilton, Leicester2
£87507/240.03 mi4 Birkby Close, Hamilton, Leicester, Leicestershire, LE52
£85008/240.04 miBirkby Close, Hamilton, Leicester2
£85005/240.08 miGranby House Apartment 2 Carty Road, Hamilton, Leicestershire2
£1,05004/250.08 mi-2
£99502/240.08 mi-2
£1,00007/250.08 miSandhills Avenue, Hamilton, LEICESTER2
£65008/250.08 miCarty Road, Hamilton, Leicester2
£85005/240.08 miCarty Road, Leicester, LE52
£59508/250.09 miBrompton Rd, Hamilton, Leicester2
£62507/250.09 miBrompton Road, Hamilton, Leicester2
£97511/250.09 mi-2
£82505/240.09 miBrompton Road, Hamilton2
£95010/250.09 miFoxton Road, Hamilton2
£65008/250.1 miShipton Road, Hamilton, Leicester2
£62507/250.1 miBrompton Road, Hamilton, Leicester2
£99509/250.11 miShipton Road, Hamilton, LE52
£1,02508/250.12 miLakeview Chase, Leicester2
£93009/250.13 miBelgrave Place, 83 Carty Road2
£1,00008/250.14 miSandhills Avenue, Leicester, LE52
£1,00009/250.14 miSandhills Avenue, Leicester, LE52
£1,00010/250.14 miSandhills Avenue, Leicester, LE52
£1,00011/250.14 miSandhills Avenue, Leicester, LE52
£1,00011/250.15 miSandhills Avenue, Hamilton, Leicester, LE52
£1,00010/250.15 mi-2
£1,00011/250.15 mi-2
£72505/250.16 mi-2
£97509/250.16 mi-2
£85008/250.17 miPadside Close, Hamilton, Leicester, LE52
£75005/250.17 mi-2
£85008/250.17 mi-2
£95007/250.17 mi-2
£1,02511/250.17 miLakeview Chase, Hamilton, Leicester2
£1,02511/250.17 miLakeview Chase, Hamilton, Leicester2
£87506/240.17 miCransley Close, Hamilton, Leicester2
£89511/250.17 miCransley Close, Hamilton, Leicester2
£57508/250.19 miPadside Row, Hamilton, Leicester, LE52
£87503/250.19 mi-2
£65007/250.19 miSockburn Close, Hamilton, Leicester, LE52
£1,20009/250.2 mi-2
£72508/250.2 miMaidenwell Avenue, Hamilton, Leicester, LE52
£90007/250.2 miSockburn Close, Hamilton, LE52
£85007/250.21 mi-2
£1,10011/250.21 mi-2

Local Area Statistics

Population in LE5

85,528

Population in Leicester

565,124

Town centre distance

3.76 miles away

Nearest school

0.20 miles away

Nearest train station

2.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £135,000

May 15, 2025

Listed for £128,500

February 25, 2025

Description

  • Balcony +
  • Washing Machine +
  • Fridge Freezer +
  • Immaculate Condition +
  • Double Glazed windows +
  • Private Parking Space +
  • Visitors Parking Spaces +
  • Bike Shed +
  • Local to shops and bus routes +
  • EPC Rating C +

Property Reference number : 143760

Priced below market value for a swift sale, this 2nd floor 2 bedroom apartment is presented in immaculate condition. Perfect for first-time buyer, small families or investors alike located in the popular area of Hamilton. Available with vacant possession for those looking to move in straight the way, or as a ready-made investment opportunity with a reliable tenant in situ, currently paying £875.00 per month.

The apartment features a bright open-plan living area with Juliet Balcony overlooking the green with private Intercom. A contemporary kitchen, sale will include all modern appliances. Two generously sized bedrooms with nice views. A modern bathroom with shower over bath. UPVC Windows and laminate flooring throughout. Low maintenance apartment and economical to run. Allocated parking space in gated compound. Ample visitors parking and use of Bike Shed if needed.

Situated
Hamilton is a modern district of Leicester, located on the north-east edge of the city. The area is very popular and has a large selection of shops and all the amenities including the bus stop are within walking distance. There are two primary schools in Hamilton, the Kestrel Mead Primary Academy and the Hope Hamilton Church of England Primary school. The Apartment is perfectly positioned for convenience to all major roads and motorway connections, making communing easy. Council Tax: B Current Annual Ground Rent: £150.00 Current Annual Service Charge: £1,730.00 Current Length Of Lease Remaining: 136 Years WARNING: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau. GDPR: Submitting a viewing request for the above property means you are giving us permission to pass your contact details to the vendor or landlord for further communication related to viewing arrangement, or more information related to the above property. If you disagree, please write to us within the message field so we do not forward your details to the vendor or landlord or their managing company. VIEWING DISCLAIMER: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Property Reference number : 143760

Agent Details

Quicklister, Nationwide

020 3840 3908

Next Steps?

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