Scraptoft lane, scraptoft, leicester, leicestershire, le5 1pb

£375,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

Property Description

Welcome to this well-proportioned and beautifully presented three-bedroom home located on the sought-after Scraptoft Lane in the desirable area of Scraptoft, Leicester. Offering a total internal area of approximately 82.2 sq. metres (884.5 sq. feet), this property delivers both space and practicalityideal for families, first-time buyers, or investors looking for a ready-to-move-in opportunity in a great neighbourhood.

Navigating Through the Property:

Upon entry, you're welcomed by a spacious hallway which leads directly into the generously-sized kitchen. On the right,stretching the full length of the property is the living room offering plenty of space for both lounge and dining setups.

The staircase, located just off the hallway, leads to the first floor landing, connecting to three well-proportioned bedrooms and the family bathroom. The layout is designed for comfort, offering plenty of natural light throughout and excellent room proportions.

Ground Floor
  • Living Room: 7.69m x 3.42m (25'3" x 11'3")

  • Kitchen: 2.98m x 1.86m (9'9" x 6'1")

  • Hallway: 4.24m x 1.86m max (13'11" x 6'1")

First Floor
  • Bedroom 1: 4.17m x 3.42m (13'8" x 11'3")

  • Bedroom 2: 3.36m x 3.30m (11'0" x 10'10")

  • Bedroom 3: 2.39m x 2.04m (7'10" x 6'8")

  • Bathroom: 2.77m x 1.78m (9'1" x 5'10")

Location & Amenities

Situated in the popular area of Scraptoft, this home offers easy access to a wide range of amenities including:

  • Proximity to local schools, making it ideal for families

  • Public transport links to Leicester city centre and surrounding areas

  • Nearby supermarkets, healthcare services, and recreational spaces

  • Walking distance to local parks and green open spaces

  • Easy access to A47 and major road links for commuting

Scraptoft Lane continues to be a highly desirable location due to its blend of suburban peace and excellent convenience.

Book a Viewing

Interested in seeing this home in person?
Contact Kings Estate today to arrange your viewing:
0116 352 7012
info@kingsestateuk.com

Nearest Stations:

2.99 miles
Leicester
3.65 miles
Syston
5.34 miles
South Wigston
6.46 miles
Sileby
7.92 miles
Narborough

Mortgage Calculator

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

Monthly Payment: £1,621.75

Total Interest: £208,830.27

Overall Total: £583,830.27

Amortization For Monthly Payment: £1,621.75 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£11,889.59 £7,571.42 £367,428.58 
2026£11,643.72 £7,817.29 £359,611.30 
2027£11,389.87 £8,071.14 £351,540.16 
2028£11,127.77 £8,333.24 £343,206.92 
2029£10,857.16 £8,603.85 £334,603.07 
2030£10,577.76 £8,883.25 £325,719.82 
2031£10,289.29 £9,171.72 £316,548.10 
2032£9,991.45 £9,469.56 £307,078.55 
2033£9,683.94 £9,777.06 £297,301.48 
2034£9,366.45 £10,094.56 £287,206.92 
2035£9,038.64 £10,422.37 £276,784.56 
2036£8,700.19 £10,760.82 £266,023.74 
2037£8,350.75 £11,110.26 £254,913.48 
2038£7,989.96 £11,471.05 £243,442.43 
2039£7,617.45 £11,843.55 £231,598.88 
2040£7,232.85 £12,228.16 £219,370.72 
2041£6,835.76 £12,625.25 £206,745.47 
2042£6,425.77 £13,035.23 £193,710.24 
2043£6,002.47 £13,458.53 £180,251.70 
2044£5,565.43 £13,895.58 £166,356.12 
2045£5,114.19 £14,346.82 £152,009.31 
2046£4,648.30 £14,812.71 £137,196.59 
2047£4,167.28 £15,293.73 £121,902.86 
2048£3,670.64 £15,790.37 £106,112.49 
2049£3,157.87 £16,303.14 £89,809.35 
2050£2,628.45 £16,832.56 £72,976.78 
2051£2,081.83 £17,379.18 £55,597.61 
2052£1,517.47 £17,943.54 £37,654.07 
2053£934.78 £18,526.23 £19,127.84 
2054£333.17 £19,127.84 £0.00 

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

£ 299,575

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 20,339

Cumulative Rental Profit

£ 203,391

Cost of Purchase

£ 18,325
  • Stamp Duty
    £ 6,250

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

  • Refurbishment Budget
    £ 9,375
  • 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

£ 24,661
  • Mortgage Interest
    £ 13,481

    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)
    £ 5,940
  • Letting Fee
    £ 240
  • Maintenance
    £ 4,500
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 420,902
  • Final Equity Profit
    £ 217,510

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

  • Cumulative Rental Profit
    £ 203,391

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 610,835

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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