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Sold STC Fosse Road North, Leicester, LE3 Guide Price £175,000

3 Bedroom Terraced  Sold STC Guide Price £175,000

Fosse Road North, Leicester, LE3

Prime Location: Situated on Fosse Road North in the LE3 district of Leicester, this mid-terrace property is in a vibrant, well-connected area, offering easy access to local amenities, the city center, and transport links.

Investment Opportunity: The property is currently tenanted, providing immediate rental income and a hassle-free investment for buyers looking to expand their rental portfolio.

Spacious Layout: The house features well-proportioned rooms, including a cozy living room with a feature fireplace, a fully fitted kitchen, and two comfortable bedrooms, ideal for tenants or future homeowners.

Private Rear Yard: The property boasts a low-maintenance private rear yard, perfect for outdoor activities or gardening, adding to its appeal for renters and potential buyers.

Desirable LE3 Area: Located in one of Leicester’s most sought-after regions, the property benefits from its proximity to the city center, universities, and major employers, ensuring a strong demand in the rental market.

High Demand Location: Fosse Road North is a highly desirable area with excellent public transport links and ongoing regeneration projects, ensuring long-term property value retention and potential capital growth.

Freehold

Property Description:

his charming mid-terrace property is located on Fosse Road North, a vibrant and well-connected area in the LE3 district of Leicester. The property is currently tenanted, offering an excellent investment opportunity for buyers looking for a hassle-free purchase with immediate rental income of £850pcm.The house features a spacious layout with well-proportioned rooms, including a cozy living room with a feature fireplace, a fully fitted kitchen with ample storage and workspace, and two comfortable bedrooms. The bathroom is modern and functional, providing all necessary amenities. The property also boasts a private rear yard, ideal for outdoor activities or low-maintenance gardening.

About the LE3 Area:

The LE3 postcode area is one of Leicester’s most sought-after regions, known for its convenient access to the city center, local amenities, and excellent transport links. Fosse Road North, in particular, is a bustling area with a mix of residential and commercial properties, providing residents with easy access to shops, restaurants, and essential services. The area is also close to several green spaces, making it a desirable location for families and professionals alike.

Investment Potential:

This property is a fantastic investment opportunity, especially for those looking to expand their rental portfolio. With the property already tenanted, you can benefit from a steady stream of income from day one. Leicester's rental market is strong, particularly in the LE3 area, where demand for rental properties remains high due to the area's proximity to the city center, universities, and major employers. The property is currently rented for £950pcm.

High Demand on Fosse Road North:

Fosse Road North is a highly desirable location for both renters and homeowners due to its strategic position within Leicester. The area benefits from excellent public transport links, making commuting around the city easy. Furthermore, the ongoing developments and regeneration projects in Leicester contribute to the increasing demand for properties in this area. This demand ensures that properties on Fosse Road North retain their value and offer good capital growth prospects over time.Investing in this property not only secures you a steady income but also positions you in one of Leicester’s prime locations, making it a smart choice for both seasoned and first-time investors.

Location

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This property is currently Sold STC. However, register your details below and we will contact you if it becomes available again.

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE FROM BM ESTATES

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.

Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.

Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 0116 273 1414