This property is not currently available. It may be sold or temporarily removed from the market.
Tudor Road, Leicester
Asking Price Of
£155,000
Property Address
Tudor Road, Leicester, LE3 5HU
Property Features
- Investment Opportunity
- Two Bedroom Terraced Property
- Student Tenants In Situ Until June 30th 2021
- Close To De Montfort University And City Centre
- Recently Renovated Kitchen
- Newly Refitted Shower Room
- 7.5% Yield With Scope For Further Increase
- Good Sized Rear Yard
Property Summary
A recently renovated two bedroom terraced home, close to De Montfort University, offered to the market as an excellent 7.5% yield investment opportunity with student tenants in situ until June 30th 2021.
Full Details
Property
This property is a traditional two bedroom terraced home offering two well-proportioned reception rooms, one to the front and the second to the rear, flowing through into the kitchen. The kitchen has been recently renovated to provide high gloss dark grey wall and base units with contrasting light worksurfaces encompassing a hob and oven, sink and drainer unit, and a recess for a utility appliance. A door from the kitchen leads into the rear yard.
The upper floor provides two double bedrooms and a newly refitted shower room which boasts an oversized walk in shower, wash hand basin, and chrome towel rail along with a separate WC.
This property is currently rented out on an Assured Shorthold Tenancy Agreement to three De Montfort University students until June 30th 2021 with a reception room downstairs being used as the additional bedroom. The rental income is £225 per week, equating to £75 per person per week and a healthy 7.5% yield, with scope for further increases in the coming years.
Outside
This property, constructed in 1899, is accessed directly from the pavement and offers on road parking for vehicles if required on surrounding streets.
The rear offers a low maintenance paved space for relaxing and entertaining along with two outbuildings for storage while brick walling defines the property's boundaries.
Location
This property is ideally located on Tudor Road offering convenient and fast access to both De Montfort University and Leicester City Centre. The popular suburb is sandwiched between Groby Road (A50) and Hinckley Road (A47), offering excellent transport links to the M1/M69 motorway network for further afield travel. Supermarkets and convenience stores are found within walking distance along with a social club.
For the student market, the cosmopolitan city of Leicester lies half a mile away providing an abundance of bars and eateries along with the thriving Highcross Shopping Centre. Leicester's railway station offers direct links with London St Pancras as well as a fast service to Nottingham and Birmingham.
Viewings and Directions
Strictly by appointment only through the sole agent Oliver Rayns.
Postcode for Sat Nav: LE3 5HU
