32 Winchester Avenue, Leicester, LE3 1AU

Solicitor Details

Rajinder Singh & Co, 85 London Road, Leicester LE2 0PF Tel: (0116) 254 5929 ~ Ref: R Singh

*Guide Price & Reserves

RESIDENTIAL INVESTMENT

Addendum

Property Description

A large 3 storey corner property of approximately 1,905 sqft with a single storey extension. The property has been converted to a 7 bedroom HMO with each bedroom being separately metered and having a kitchenette. The property benefits from double glazing, electric heating, bathroom, 2 shower rooms one with WC, separate WC, shared laundry area and bike store.

Location:

The property is located off Fosse Road South, on the corner of Sweetbriar Road and near to Westcotes Park.

Note:

Previously marketed at £390,000 - £395,000
Roof replaced in the last 5 years
5 out of the 7 units have recently been insulated

Tenure:

Freehold, subject to existing tenancies
All the existing tenants are long standing
Landlord pays for council tax, water, electricity and broadband
Each flat is separately metered

Energy Performance Certificate:

Band E, Rating 45.


Current Net Rental Income	31,439.51	38,699.51
ROOM / ACCOMMODATION	RENT £ PA	ERV £ PA
GROUND FLOOR
Entrance hall
Room 1	5,100	6,000
Room 2	5,100 - vacant, previous rent	6,000
Room 3	5,100 - vacant, previous rent	6,000
FIRST FLOOR
Room 4	4,860	6,000
Room 5	4,800	6,000
Room 6	5,040	6,000
2 shower rooms one with WC, separate WC
LOFT
Room 7	4,740	6,000
Outside	Front garden, rear garden, utility room with laundry area, bike store, WC, bin store
Gross Rental Value	34,740	42,000
Less: Council Tax: £1,042.68 Water Rates: £ 482.46 Electric: £ 863.44 Broadband: £ 911.91	3,300.49

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

WANT TO BUY OR SELL A PROPERTY?

Auction Date: 20/11/2024, LOT 15

Unsold - Available for £390,000