£75,000

1 bed flat for sale

  1.  Front View
  2.  Lounge/Diner
  3.  Lounge/Diner
Leasehold

Offers over

£75,000

1 bed flat for sale

Fosse Road South, Leicester LE3

1 bed
1 bath
1 reception
EPC rating: D

Key Information

Tenure:
Leasehold
Time remaining on lease:
982 years
Service charge:
£1,140 per year
Council tax band:
A
Ground rent:
Ground rent date of next review:

Local area information

Property location

Nearby amenities

  • Avanti Fields School 0.3 miles
  • Fullhurst Community College 0.3 miles
  • Leicester 1.3 miles
  • South Wigston 3.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Leicester to find out more about the local area.

Features and description

  • Leasehold
  • 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
No chain, vacant possession or tenant is situ. Prime residential or buy-to-let opportunity. Ground floor, one bedroom apartment in a great location, ideal for for first time buyers or investors seeking strong returns. Long lease, low service charge and ground rent

Location:
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)

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

Assess how they might enhance or detract from this home’s value.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

More information

Report this listing

Listed by

Tranquility Homes Ltd

View agent properties
Logo of Tranquility Homes Ltd

Property descriptions and related information displayed on this page are marketing materials provided by - Tranquility Homes Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Tranquility Homes Ltd for full details and further information.

  1. Zoopla
  2. For sale
  3. Leicestershire
  4. Leicester
  5. Fosse Road South

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.