Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£450,000 Offers over
Bedrooms
Bathrooms
Kings are pleased to present this seven-bedroom HMO style terraced house found on Upperton Road in the Westcotes area just off Narborough Road. This property is a great investment property with the potential to bring in around 35k pa in rental income creating a gross rental yield of circa 7.3%. The location of the property brings its benefits also being found just off Narborough Road making it within close proximity to local shops, supermarkets, gyms, major access roads and De Montfort University. The layout of the property includes a ground floor consisting of two bedrooms, bathroom and open plan kitchen/lounge, a first floor consisting of three bedrooms and another bathroom, and a second floor consisting of two bedrooms.
This property is an ideal property for students for professionals looking to house share as the property is a fully licensed HMO house with all of the necessary features and relevant checks carried out. All bedrooms are double bedrooms consisting of carpeted flooring, double-glazed windows, fireproof doors, carbon monoxide alarms, wall mounted radiators and the relevant furnishing including desks, wardrobes and beds (all of which the current owner is open to offers for).
The ground floor benefits from a three-piece bathroom consisting of a shower, sink and toilet, as well as a fully fitted kichen with all white goods included (fridge, microwave, washing machine, etc.), an integrated oven/hob and ample storage space. The lounge is open plan with the kitchen wrapping around the rear of the property taking up an L-shape maximising the space and really opening it up. The first floor also benefits from its own three-piece bathroom inclusive of a shower, sink and toilet.
This property is one not to miss out on especially due to its benefits including having no chain, is ready for someone to take over/move into, gas central heating, optional furnishing and double-glazing throughout.
Property Info
Ground Floor
Kitchen: fitted kitchen consisting of hardwood flooring, double-glazed window, worktops and storage cupboards, integrated oven/hob, washing machine, fridge/freezer and open plan with the living room.
Living Room: open plan with the kitchen wrapping around the rear consisting of hardwood flooring, optional furnishing, wall mounted radiator and rear garden access.
Bedroom One: double bedroom located at the front of the property consisting of carpeted flooring, wall mounted radiator, front facing double glazed bay window and optional furnishing.
Bedroom Two: double bedroom located towards the front of the property consisting of carpeted flooring, wall mounted radiator, double-glazed window and optional furnishing.
Bathroom: three-piece bathroom consisting of tiling throughout, shower, sink and toilet.
First Floor
Bedroom Three: double bedroom located towards the front of the property consisting of carpeted flooring, double-glazed window, wall mounted radiator and optional furnishing.
Bedroom Four: double bedroom located towards the rear of the property consisting of carpeted flooring, double-glazed window, wall mounted radiator and optional furnishing.
Bedroom Five: double bedroom located towards at the rear of the property consisting of carpeted flooring, a rear facing double-glazed window, wall mounted radiator and optional furnishing.
Bathroom: three-piece bathroom located towards the rear of the property consisting of tiling throughout, shower, sink and toilet.
Second Floor
Bedroom Six: double bedroom located at the front of the property consisting of carpeted flooring, wall mounted radiator, double-glazed window and optional furnishing.
Bedroom Seven: double bedroom located at the rear of the property consisting of carpeted flooring, wall mounted radiator, double-glazed window and optional furnishing.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
The Property has been saved to your favorites
/ 5
It's quick and easy
