7 bedroom detached for sale

£985,000

7

Bedrooms

4

Bathrooms

Floorplan

Located on the highly sought-after Victoria Park Road, and enjoying uninterrupted views over the iconic Victoria Park, is this rare opportunity to acquire a spacious, individually styled period detached family home occupying a prominent corner plot.

Offering generous and versatile accommodation arranged over three floors, the property begins with an entrance vestibule leading into a welcoming central hallway, complete with a feature spiral staircase. The ground floor comprises an elegant living room, a charming dining room exuding character, a stylishly appointed fitted kitchen with access to a separate utility room, ground floor WC, and a useful store room.

The first floor opens onto a beautiful landing area, giving access to four well-proportioned bedrooms, two contemporary shower/wet rooms, and a family bathroom. The second floor provides three additional bedrooms, one accessed via another, alongside a further shower/wet room, ideal for extended family living or guest accommodation.

Externally, the property benefits from ample off-road parking via a private driveway and garage, complemented by a mature and established rear garden, perfect for summer entertaining or quiet enjoyment of the outdoor space.

We encourage early viewing to fully appreciate the unique character and generous proportions of this exceptional home.

The property is ideally positioned for a wide range of local amenities and services, including both public and private schooling, nursery and day-care facilities, Leicester City Centre, the University of Leicester, Leicester Royal Infirmary, and Leicester General Hospital. Additionally, Victoria Park and the popular Queens Road shopping paradewith its array of independent shops, bars, boutiques, and restaurantsare all within close proximity.

Conservation Area

This property is located within a designated Conservation Area. As such, certain alterations or developments may be subject to additional planning restrictions. Prospective purchasers are advised to make their own enquiries with the local planning authority to confirm any limitations or requirements before proceeding.

Agents Note:

It is our responsibility to inform prospective buyers that there has been a death at the property in 1995. We encourage all interested parties to consider this information seriously and, if needed, seek further details or professional advice. We understand the sensitive nature of this disclosure and are available to address any concerns or questions you may have.


EPC Rating: C

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 805825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 24625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 67075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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