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Apartments 1-4, Thorpe Road, Melton Mowbray

PROPERTY TYPE

Block of Apartments

BEDROOMS

4

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • GREAT INVESTMENT OPPORTUNITY
  • DETACHED FREEHOLD
  • FOUR INDIVIDUAL APARTMENTS
  • UPVC WINDOWS AND GAS CENTRAL HEATING
  • OFF STREET PARKING TO THE REAR
  • ALL TENANICES ARE ON ASSURED PERIODIC TENANCIES
  • ANNUAL RENT £25,920
  • CLOSE TO TOWN CENTRE
  • ALL UNITS TENANTED

Description

A fantastic opportunity to acquire a freehold detached block of 4 apartments situated within this period residential building within walking distance to the town centre.

The apartments are all occupied by tenants all on assured shorthold tenancy agreements and historically have a good rate of occupancy.

To be sold as a going concern with tenants remaining in situ all on assured shorthold tenancies.

Freehold investment opportunity.

Detached house with 4 self contained 1 bedroom apartments.

Well presented internal accomodation, each apartment comprises of kitchen, living room, bedroom and bathroom.

Apartment 1 Rent : Rent of £535 PCM (currently on AST but due to become APT on 1st May 2026)
Apartment 2 Rent : Rent of £535 PCM (currently on AST but due to become APT on 1st May 2026)
Apartment 3 Rent : Rent of £550 PCM (currently on AST but due to become APT on 1st May 2026)
Apartment 4 Rent : Rent of £540 PCM (currently on AST but due to become APT on 1st May 2026)

Annual rent being achieved totals £25,920 offering a return of 7.5% PA (subject to no other liabilities/fees or taxes).

Annual rent : £25,920 per annum.

Close to town centre, each apartment has its own designated central heating system.

The Properties let unfurnished.

Council Tax : Melton Borough Council : Band A for each apartment.

Deposit : 5 weeks rent taken as deposit and held with the TDS in an insured scheme.

Services : Mains electricity, gas, water and drainage.

Brochures

Apartments 1-4, Thorpe Road, Melton Mowbray
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
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Apartments 1-4, Thorpe Road, Melton Mowbray

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About Shouler & Son, Melton Mowbray

County Chambers, Kings Road, Melton Mowbray, LE13 1QF
Industry affiliations:

Shouler & Son are an independent residential estate agency, letting agency and property valuers based in Melton Mowbray, Leicestershire. As both letting and estate agents, Shoulers (Shouler & Son) market houses and other properties either for sale or to let in Leicestershire, Nottinghamshire, Rutland and Lincolnshire. If you are looking to buy, sell or rent out a property in Leicestershire and Rutland contact Shoulers (Shouler & Son) of Melton Mowbray today

Affordability

Monthly repayments£1,731
Property: £ 345,000
Deposit: £ 34,500
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference 34620880. 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 Shouler & Son, Melton Mowbray. 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.

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