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1 bedroom flat for sale

Ashwell Street, Leicester, LE1

Removed £75,000

Property Description

Key features

  • Fantastic one double bedroom apartment
  • Investment property currently renting for 525 per month
  • 8.4% gross yield and let until October 2017
  • Separate kitchen and lounge
  • Characterful and quirky church conversion
  • First floor with secure intercom access and lift
  • Communal gated gardens and bike store
  • Quiet city centre location opposite train station
  • Convenient access to city centre and all amenities
  • Extended 125 year lease

Full description

Tenure: Leasehold

***Attention investors**** This property is currently tenanted on a shorthold tenancy until October 2017 and is currently generating £525 rent per calendar month.  This represents a fantastic 8.4% gross yield for any future landlord.

This attractive one double bedroom first floor apartment is part of a sympathetically converted church known as St John’s Chambers. Recently redecorated, this apartment retains many beautiful original features from the Church and offers accommodation in brief comprising communal entrance hall with intercom system, lift, kitchen, living room, bedroom and bathroom. The property enjoys communal grounds. 

St. Johns Chambers was converted in the late 1980's, making it one of the city’s first flat conversions. The property is situated within a quiet part of Leicester city centre giving excellent access to the city's range of bars, restaurants and shopping facilities and is well placed for the outer ring road and Leicester train station (which is handily just across the road). The universities and the Royal Infirmary are just a short walk away via New Walk which runs past the property. Although centrally located, the apartment faces the communal gardens at the back of the building so is very peaceful.

The property benefits from a recently extended lease of 125 years. Service charge and ground rent are paid together on the 25 March and 29 September. Half yearly service charge payments amount to £493.17 and £37.50 half yearly ground rent. Therefore totals for the year are £986.34 for service charge and £75.00 for ground rent. Insurance is included in the service charge payment. The terms and conditions of the ground lease together with verification of these charges should be checked thoroughly by your solicitors before proceeding to purchase.

Entrance Hall

Intercom system, telephone point, electric storage heater, original decorative pillar from the original church, storage/meter cupboard housing fusebox and airing cupboard housing boiler.

Kitchen

3.30m X 1.90m

A range of eye and base level units, electric hob, fridge freezer, sink unit, washer/dryer, laminate effect flooring, extractor fan, 

Living Room

4.0m x 3.15m

Beautiful original pillar, electric storage heater, two light points, double glazed bay window.

Bedroom

3.55m x 2.77m

Built wardrobes with sliding and mirrored doors, electric wall heater, telephone point, double glazed window.

Bathroom

2.02m x 2.0m 

Panelled bath shower over, WC, wash hand basin, mirror over with light and shaver point, extractor fan.

Outside

The property enjoys communal grounds.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 October 2016

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