This property has been taken off the market.

2 Bed Apartment House For Sale Albert Road, Leicester, LE2

£160,000- Apartment

1 of 15
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 23rd April 2024

Description

Presented in excellent condition throughout and having undergone a sympathetic yet comprehensive programme of refurbishment over the past few years, a well designed, bright and airy two bedroom ground-floor apartment situated in the heart of Stoneygate now offers an exciting opportunity for those looking to get onto the property ladder, an excellent addition to a buy to let portfolio with a predicted rental income of £950PCM or alternatively a comfortable family home. Only a short walk away from the highly regarded Allandale Road with it's extensive range of independent coffee shops, restaurants and bars. the property is well positioned to enjoy all the Stoneygate suburb has to offer.

Benefitting from a new roof in 2022 with a warranty for 25 years, entry to the apartment is through a wide corridor that provides dual aspect to all the living and bedroom quarters. A well appointed living room is neatly decorated painted in a tasteful sage green colour palette with a large double-glazed window to the side aspect offering a leafy aspect from the communal grounds. A well appointed kitchen is positioned to the centre of the plan offering sufficient space for all necessary appliances and a large double-glazed window overlooking the rear of the development. Two deceptively spacious, larger than average double bedrooms are configured with fitted wardrobes and sufficient space for all necessary furniture. A newly refurbished three piece family bathroom completes the accommodation on offer. A bonus to this fabulous home is that it has the added benefit of a detached garage and off-road parking to the front of the development.

With a relatively low service-charge, a long lease of 139 years remaining and presented in excellent condition throughout, an early viewing is essential to appreciate the stylish accommodation on offer.

Leasehold details:

139 years remaining on lease.
Service charge: £342.54 (every quarter)
Ground rent: £61.88 (every quarter)

Location:

The sought after suburb of Stoneygate is situated off the main A6 London Road towards the southern outskirts of Leicester. It is well known for its popularity in terms of convenience for ease of access to both Oadby and Market Harborough alongside highly regarded public and private schooling. Stoneygate is without doubt one of Leicester's most highly regarded and sought-after suburban locations and is an area of particular character having a number of properties of architectural interest being ideally placed for access to the nearby Victoria Park Leicester train station with direct trains taking you to London St Pancras in a little over an hour alongside convenient access to and from and to the Leicester City centre. The adjoining combined suburbs of Knighton and Clarendon Park also offer a full range of local amenities including shopping for day-to-day and specialist boutique bars restaurants and shops found along Queens Road as well as specialist shopping along Allandale Road and Francis Street.

Vendor comments:

\" We bought this property in 2020, as our first home, the area is unbeatable and that’s what drew us to Tiffany Court initially - it’s less than a ten minute walk to Queens Road and Allandale Road so there’s always something to do. During lockdown we had the opportunity to make this house a home, redecorating each room and making several improvements to the hallway, lounge, both bedrooms and the bathroom, including installing new flooring, toilet and shower into the bathroom. The neighbours are welcoming and we’ve made some great friends during our time here, there’s a real community feel. \"
Agent Details
Hortons
38 Nelson Street Leicester LE1 7BA

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£130,000
Leicester, LE2
Flat
7.4
£140,000
Leicester, LE2
Apartment
6.9
£190,000
Leicester, LE2
Flat
6.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested