Fosse Road South, Leicester
- PROPERTY TYPE
Ground Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- First Time Buyer / Investors
- Vacant Possession or Tenant in Situ
- Double Glazed / Electric Heating
- No Chain
- Popular Location
- Modern kitchen
- Long Lease / Low Service Charge
- Cash Flowing
- Yield of Over 9%
- Video Tour
Description
Nestled just a short stroll away from the city centre this buy-to-let gem presents a lucrative investment opportunity for those seeking a hassle-free venture with robust returns. Conveniently situated within walking distance of a plethora of local amenities, including DMU university, town centre shopping, supermarkets, leisure facilities, and verdant green spaces, this ground-floor apartment offers both convenience and comfort.
FEATURES:
Boasting a host of desirable features, this well-maintained apartment comprises a spacious living kitchen, a cosy bedroom, a modern bathroom, and ample built-in storage. With the added perks of double-glazed windows, and electric heating, the property ensures a comfortable and economical living environment. Furthermore, its commendable Energy Performance Certificate rating of D and Council Tax Band A designation underscore its cost-effectiveness and sustainability.
VACANT POSSESSION OR TENANT IN SITU:
The apartment could make an exceptional first rung on the housing ladder for a first time buyer who will appreciate the apartments locale and amenities.
As an investment property it is currently commanding £600pcm meaning this investment promises lucrative returns of over 9%. A modest service charge of £95 per month which includes the ground rent, ensures seamless management of communal areas and grounds. Moreover, the property's leasehold tenure of 999 years, with an outstanding 982 years remaining, guarantees long-term stability without the need for renewal or extension.
MARKET OUTLOOK:
Capitalize on Fosse Road Souths burgeoning popularity among commuters and families, thanks to its strategic location providing easy access to the City and beyond via well-connected roadways and rail networks. Amidst a thriving rental market and favourable trends in Buy-to-Let mortgages, investing in property remains a reliable avenue for long-term stores of wealth and capital appreciation.
Don't miss out on this exceptional opportunity to secure a hassle-free investment with promising returns in Leicester's vibrant rental market. Contact us today to arrange a viewing and take the first step on the property ladder or towards building your investment portfolio.
LIVING KITCHEN: 13' 0" x 12' 4" (3.98m x 3.76m)
BATHROOM: 7' 4" x 4' 9" (2.25m x 1.47m)
BEDROOM: 10' 9" x 10' 3" (3.29m x 3.13m)
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£0 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£95
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
982 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Fosse Road South, Leicester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station1.3 miles
- South Wigston Station3.3 miles
- Narborough Station4.4 miles
About the agent
Tranquility Homes Ltd, Leicester
10 Harcourt Way Meridian Business Park Leicester LE19 1WP
At Tranquility Homes, we provide a tailor-made and personal property service in selling or renting. Your goal is our goal and helping our clients achieve what they want from a property service is key. From start to finish, we will be working alongside you every step of the way. Based in Anstey, Leicester, we cover Leicester, Leicestershire and Nottinghamshire specialising in Residential Sales, Lettings and Property Sourcing.
Our ethos is to provide the highest level of customer service
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 102890002551. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tranquility Homes Ltd, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.