Terraced House
A Victorian terraced property situated in a superb letting location. Standing right next to DeMontfort University campus and Leicester Royal Infirmary Hospital. Also close to the bars and restaurants on Narborough Road and within an easy walk to the City Centre.
The property is currently let out to a long standing tenant on an assured shorthold tenancy at £550pcm / £6600 per annum. We feel there is scope for rental increase. Estimated current market rent £650pcm / £7800 per annum.
The property would also make a great student let, subject to any required consents. The rental income could then be increased to around £12,000 per annum.
The accommodation briefly comprises:
3.51m x 3.41m
Comprising of radiator and window to front aspect
3.53m x 3.51
Under stairs storage cupboard, radiator and window to rear elevation.
3.81m x 1.96m
With fitted kitchen with a variety of drawer, wall and base units. Gas cooker and hob, space provided for washing machine and fridge freezer. Window to side aspect and door leading to garden.
3.99m x 3.48m
Radiator and window to front elevation.
3.48m x 3.00m
Radiator, over stairs storage cupboard, window to rear elevation.
3.61m x 1.96m
Low level WC, wash hand basin, bath with shower over, radiator, wall mounted boiler and window to rear elevation.
The property has side access to the enclosed, rear garden.
The internal pictures were taken in 2016, just before the current tenant moved into the property and have been supplied by the seller.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
.jpg){kind=logo}
