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36 St James Road, off London Road, Leicester, LE2 1HQ

Lot no: 17 Sold at Auction for £440,000
 

Guide Price £395,000+ plus fees


Thursday 29th September 2016

11.30am
Key Features
  • Large Victorian Villa
  • Converted to 4 Flats
  • Building Plot to Rear
  • Rental Income of £21,180 Per Annum
  • EPC Rating: E
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Sold at Auction for £440,000

Semi-detached Villa

Property Description:

A three storey Victorian Villa in a highly desirable location situated just off London Road opposite Victoria Park. Currently converted into four self-contained flats each with their own utilities.

The property offers further scope to split the very large ground floor flat into two separate flats to give five flats in total and an increased rental income of over £25,000 per annum.

The property when fully let would provide a rental income of £21,180 per annum.

The property also comes with the benefit of a building plot to the rear with planning permission to build a three bedroom detached house. The planning permission has recently lapsed but has been re-submitted.

Flat 1 - Vacant

Reception Hallway
Lounge
Kitchen
Rear Lobby
Bathroom
Bedroom

Flat 2 - Let at £440 PCM

Lounge
Kitchen
Bedroom
Bathroom

Flat 3 - Let at £375 PCM

Reception Hall
Breakfast Kitchen
Bedroom/ Lounge
Bathroom

Flat 4 - Let at £425 PCM

Reception Hall
Lounge
Bedroom
Bathroom
Kitchen

Outside

Large garden with patio, lawn and side driveway.

Building Plot

There is planning permission to build a spacious three bedroom detached house to the rear with garden and parking. More details can be found on the Leicester City Council Planning Website. Application Ref- 20130134.

Tenure:

Freehold. Part let/part vacant.