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177, MELTON ROAD, LEICESTER, LE4 6QT
£280,000
Bedrooms
Bathrooms
Reception
Situated in the heart of the vibrant and culturally rich Belgrave area of Leicester, this delightful three-bedroom mid-terraced home on Kensington Street is now available for sale with an asking price of 280,000. Offering spacious accommodation across two floors, this freehold property presents an excellent opportunity for families, first-time buyers or investors alike, seeking a well-maintained home in a sought-after residential area.
The ground floor opens into a generously proportioned through lounge, ideal for both relaxing and entertaining. The fitted kitchen is located towards the rear of the property and provides ample workspace and storage, catering well to modern-day needs. The home benefits from full gas central heating and is fully double glazed throughout, ensuring both comfort and energy efficiency.
Upstairs, you will find three well-sized bedrooms that are bright and airy, alongside a family bathroom that is fitted and functional. The property has been lovingly cared for and would benefit from some modern upgrades, offering buyers the potential to personalise and add value.
Located in a popular and well-established area, Kensington Street enjoys excellent access to a wide range of local amenities. There are a variety of supermarkets within walking distance, including Lidl and Tesco Express, as well as a selection of local shops and eateries on nearby Belgrave Road. Families will appreciate the choice of respected local schools, including Taylor Road Primary School and Rushey Mead Academy, both of which are easily accessible from the property.
Residents can take advantage of nearby leisure facilities such as Cossington Street Sports Centre and the nearby Abbey Park, perfect for weekend outings and staying active. Healthcare needs are well-catered for, with local GP surgeries and the Leicester Royal Infirmary just a short drive away.
Transport links are excellent, with Leicester city centre and Leicester Railway Station easily reached within 10 minutes by car or via local public transport. For those requiring air travel, East Midlands Airport is approximately 30 minutes away by car, whilst Birmingham Airport can be reached in under an hour, making this a highly convenient location for commuters and travellers.
Council Tax is payable to Leicester City Council and falls within Band A, offering reasonable annual charges. The Energy Performance Certificate (EPC) rating is currently pending and to be confirmed.
Internal viewing is highly recommended to truly appreciate the space, comfort, and location that this appealing family home offers.
New Home: Yes.
Chain Free: Yes.
Rooms:
GROUND FLOOR:
DOUBLE GLAZED DOOR TO:
THROUGH LOUNGE: 26' (7m 92cm) 6 x 11' (3m 35cm) 0 (approx)
With two single paneled radiator, laminate floor covering, telephone & TV point and stairs off to first floor.
KITCHEN: 13' (3m 96cm) 0 x 6' (1m 82cm) 4 (approx)
Fitted with a range of eye level & fitted base units, rolled over work tops with drawers, fitted hob, oven & extractor fan, single drainer sink with base cupboard, plumbing for automatic washing machine and cooker point.
LOBBY:
With door to rear garden.
BATHROOM:
Full suite comprising paneled bath, low flush WC, wash handbasin with tiled splashback, partly tiled and double paneled radiator.
FIRST FLOOR:
Landing with access to loft and single paneled radiator.
BEDROOM 1: 12' (3m 65cm) 0 12' (3m 65cm) 4 (approx)
With single paneled radiator, telephone point and double glazed window to front elevation.
BEDROOM 2: 10' (3m 4cm) 6 x 11' (3m 35cm) 6 (approx)
With single paneled radiator and double glazed window to rear elevation.
BEDROOM 3: 13' (3m 96cm) 0 x 11' (3m 35cm) 6 (approx)
With single paneled radiator, airing cupboard housing gas central heating boiler and double glazed window to rear elevation.
OUTSIDE:
Slabbed yard to the rear.
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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