2 Bed Apartment House For Sale Broadway, Loughborough, LE11

£199,950- Apartment

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Last Updated: 22nd May 2024

Description

A rare and unique opportunity to acquire this investment purchase of two purpose built self-contained one bedroomed apartments.

The properties potential income as currently having vacant possession is:
134a Broadway £650pcm (£7,800 per annum) and 134b Broadway £675pcm (£8,100 per annum) totalling £15,900 per annum with a gross yield of 7.95% per annum based on the current Guide Price of £199,950.

134a Broadway accommodation comprises entrance into open plan living dining kitchen with furniture items included, shower room and double bedroom with furniture included. Outside the property has allocated parking and visitor parking, private rear patio garden and side and front garden.

134b Broadway accommodation comprises entrance into hallway with stairs rising to the first floor providing entrance to open plan living dining area, fitted kitchen with end breakfast bar. A double bedroom with furniture included and bathroom. Outside the property has allocated parking and visitor parking.


Location

Loughborough is a vibrant University town offering an excellent range of facilities and amenities, with schooling of all grades including the renowned Loughborough Schools Foundation (formerly Loughborough Endowed Schools). With a wide range of shopping facilities, cafes, a cinema and out of town retailing, Loughborough is strategically well placed on the Intercity line to London, the M1 provides fast access to North and South, and the surrounding cities of Leicester, Derby and Nottingham are all within easy commuting distance.

Directions
Agent Details
Bentons
47 Nottingham Street Melton Mowbray Leicestershire, LE13 1NN

Investment Analysis

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Calculators

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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.
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This is the potential achievable yield.
Potential Return-on-Cash Invested