14th March 2019
Leicester refurbishment property could make a good buy-to-let investment
A refurbishment property in the Beaumont Leys area of Leicester is among the lots going under the hammer at SDL Auctions Graham Penny’s auction at the King Power Stadium, Leicester, on Monday 8 April.
The three-bedroomed semi-detached house, 57 Blakesley Walk, which has a *guide price of £120,000+, requires refurbishment and stands on a large plot with room at the side for an extension, subject to planning permission.
The ground floor of the freehold property comprises a lounge and dining kitchen, while upstairs there are three bedrooms and a bathroom. There are gardens on three sides, with a driveway and single garage at the rear of the property, accessed from Cornwallis Avenue.
Carl Finch, senior valuer at SDL Auctions Graham Penny, said: “This is an excellent opportunity to purchase a property in a popular area of Leicester and add value to it through a scheme of modernisation.
“Once refurbished – and perhaps extended, subject to planning consent – the house would make a lovely family home or buy-to-let property producing an estimated income of £695 per calendar month. There are three hospitals nearby, which makes this a good place to invest in a buy-to-let as many NHS staff choose to rent rather than buy.”
The property is also convenient for De Montfort University in Leicester, another potential source of tenants, while the surrounding area has a medical centre, schools, supermarkets, takeaways, pubs, library and Beaumont Leys Shopping Centre.
Near to the shopping centre are a leisure centre and the popular Beaumont Park, which features wildlife areas and woodlands, and is home to Beaumont Park Football Club and Leicester Lions Speedway.
Transport links are excellent, too, with easy access to the M1 and to East Midlands Airport. Meanwhile, Leicester City Centre and its railway station are just a short car drive or bus ride away.
The house is due to be sold at SDL Auctions Graham Penny’s Leicester auction at the King Power Stadium on Monday 8 April.
Entries are still be accepted for the auction; for a free appraisal of your property, click here or call 0116 254 9654 to speak to the auctions team.
* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.