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58 Woodgate, Loughborough, LE11

Key features

  • Bedroom With En-Suite
  • Fifth Floor
  • Cash Buyers Only
  • Communal Kitchen
  • Communal Lounge
  • Popular Student Rental
  • Town Centre Location

Property description

The Property
** INVESTMENT PROPERTY. CASH BUYERS ONLY **

These student apartment blocks are fully managed for you and are a great way of getting a better return on your money than just having the funds sat in a bank account.

For the year 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300.

Great investment buy in popular investment block within Loughborough town centre. This spacious studio with en-suite has tenants already that the management company run so money can be earned from day one of ownership.

The property is made up of clusters, these are arranged by floor level with 7 rooms to one kitchen or 13 to two kitchens.

This airy Classic en-suite room is found on the first floor and is sold as seen with ¾ sized bed, wardrobe, storage space, a large study desk as well as a microwave and mini fridge in room.

Shared facilites for the block;
Common Room
Disabled Access
TV (communal)
WiFi
Cooker
Freezer
Microwave
¾ Bed Desk & Chair En Suite
Lockable Bedroom
Bike Storage
Cleaner
Laundry Room

Investor information;
Property currently rented by the building management company.

Located in the town centre and in walking distance to all local amenities including local bars, supermarkets and Loughborough University. There is also bus links to and from the University campus.

A very good was of making a better return on your money. No bank pays over £2,000 per year on such an investment.

The pictures of the rooms are of a similar sized room in the apartment block to show as an example.

Lease Information
Service Charges: There is no service charge. The property yields a fixed amount of return every month, paid to the investor quarterly.

Ground Rent: There is a charge of £300 per unit per year.

The Management: This is also managed by the company above. They are in charge of all advertising and setting up the lettings contract agreements for the tenants. There is no additional cost for this.

Built in 2015 with a 125 year lease.

For the year 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Brochures

Brochure

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.

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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.

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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.

120 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.

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58 Woodgate, Loughborough, LE11

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Loughborough Station0.8 miles
  • Barrow upon Soar Station2.9 miles
  • Sileby Station4.8 miles
Mortgages
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Market information
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About the agent

Purplebricks, covering Leicestershire

Suite 7 First Floor Cranmore Drive Shirley Solihull B90 4RZ

Purplebricks is one of the UK’s largest estate agents. We’re proud to say we’ve revolutionised the way people buy, sell and let property across the globe, by making it fairer, more transparent and 24/7 convenient. Our customers love how we combine the personal touch of Local Property Experts with cutting edge technology and a central support team that puts them in control of their sale. Best of all, we charge a fair, fixed fee – there’s no commission with Purplebricks.

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