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177, MELTON ROAD, LEICESTER, LE4 6QT
£340,000
Bedrooms
Bathrooms
Reception
We are delighted to present to the market a traditional, mid-terraced house located on the ever-popular Melton Road, Belgrave, Leicester. This charming property is on the market at an attractive asking price of 340,000, splendidly offering a wealth of living space and versatility within a sought-after residential area. The property is freehold and falls within council tax band A.
The main dwelling comprises a well-proportioned accommodation spread across lounge, creating ample space for relaxation and entertaining. The two good-sized bedrooms are fitted with double glazing, ensuring a tranquil, light-filled atmosphere. The generously sized living room, which boasts warm decor and modern fixtures, effortlessly accommodates a comfortable lounge area.
The L shaped kitchen is designed for modern lifestyles, featuring a range of fitted units and appliances. Additionally, the property boasts two well-appointed bathrooms, one on ground floor & another one on the first floor, both presented in good order, complete with all essentials. Added to this, the property has an excellent EPC rating of 73C, making this an energy-efficient home.
A unique feature of this property is the attached one-bedroom annex situated to the rear, complete with its private lounge, kitchen, bedroom, and bathroom. This annex provides perfect accommodation for guests, an older family member, or a home office; lending itself to the current trend of working from home.
Positioned in a popular residential district of Belgrave, the location offers easy access to a range of amenities including local shops, schools, and public transport links, with easy commuting routes to the city centre. This property is ideally suited to first time buyers and investors alike.
Internal viewing comes highly recommended to truly appreciate the size, layout, and potential this home has to offer. Do not miss out on this remarkable opportunity to purchase a unique property in a sought-after neighbourhood.
New Home: Yes.
Chain Free: Yes.
Rooms:
GROUND FLOOR:
Hardwood Entrance door to:
ENTRANCE HALLWAY:
With double paneled radiator and under stairs store.
LOUNGE: 17' (5m 18cm) 4 x 10' (3m 4cm) 8 (approx) into bay window
With double paneled radiator, wooden flooring and telephone & TV point.
L SHAPED KITCHEN: 14' (4m 26cm) 4 x 10' (3m 4cm) 9 (approx)
Fitted with a range of eye level & fitted base units, rolled over work tops with drawers, fitted hob, oven single drainer sink with base cupboard, plumbing for automatic washing machine, single paneled radiator, partly tiled, partly laminated, stairs off to first floor and patio door to rear garden.
BATHROOM 1:
Comprising of shower area, low flush WC, wash hand basin with tiled splash back, partly tiled, double paneled radiator and wooden flooring.
FIRST FLOOR:
Landing with access to loft.
BEDROOM 1: 14' (4m 26cm) 4 x 14' (4m 26cm) 0 (approx) into bay window
With double paneled radiator, telephone point, wooden flooring, wall mounted gas boiler and double glazed window to front elevation.
BEDROOM 2: 10' (3m 4cm) 0 x 11' (3m 35cm) 0 (approx)
With double paneled radiator, wooden flooring and double glazed window to rear elevation.
BATHROOM 2:
Full suite comprising of paneled bath, wash hand basin with tiled splash back, low flush WC, partly tiled, single paneled radiator and wooden flooring.
OUTSIDE:
Slabbed yard to the rear.
REAR ANNEX:
There is no heating in Annex.
LIVING ROOM: 15' (4m 57cm) 4 x 8' (2m 43cm) 8 (approx)
KITCHEN: 9' (2m 74cm) 6 x 5' (1m 52cm) 8 (approx)
Fitted with a range of eye level & fitted base units, rolled over work tops with drawers, fitted hob, oven, single drainer sink and fitted base units.
FIRST FLOOR:
Landing with access to bedroom and a bathroom.
BEDROOM 1 (annex): 15' (4m 57cm) 4 x 8' (2m 43cm) 10 (approx)
With double glazed window to side & rear.
BATHROOM (Annex):
Comprising of shower cubicle, hand basin and low flush WC.
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.
177, MELTON ROAD, LEICESTER, LE4 6QT
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