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£95,000
POA

1 bed flat for sale Gaddesby Avenue, Leicester, LE3 1BN

1 bed 1 bath Flat
Tenure: ask agent

Added yesterday

About this property

This exceptional one-bedroom apartment presents a superb investment opportunity, boasting an impressive £7,800 per annum return with the added benefit of no service charges or ground rent. With a reliable long-term tenant already in situ, this property offers a remarkable 7.5% yield from the very first day of ownership.

Key features

  • INVESTMENT OPPERTUNITY!
  • 7.5%yield from day 1 of ownership
  • Tenant in Situ
  • £7,800 per annum return
  • One bedroom first floor apartment
  • Off road parking
  • Private enclosed rear garden

Floorplan

Location

Gaddesby Avenue, Leicester, LE3 1BN

Council tax
Band D (Approx £2,529/year)

Mortgage and stamp duty

Property price £95,000
£48k £143k
Deposit11% £10,000
£0 £95k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £85,000 mortgage. Most lenders would want a household income of about £19,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in LE3 1BN. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
6, Gaddesby Avenue Semi-detachedDec 20221,141 sq ft £217/sq ft£247,500
29, Gaddesby Avenue Semi-detachedSept 20221,087 sq ft £229/sq ft£249,000
4, Gaddesby Avenue Semi-detachedSept 2022883 sq ft £263/sq ft£232,000
3, Gaddesby Avenue Semi-detachedJun 2022538 sq ft £344/sq ft£185,000
12, Gaddesby Avenue Semi-detachedDec 2020980 sq ft £184/sq ft£180,000
4, Gaddesby Avenue Semi-detachedJul 2018883 sq ft £142/sq ft£125,000
18, Gaddesby Avenue Semi-detachedAug 2016936 sq ft £155/sq ft£145,000
7, Gaddesby Avenue Semi-detachedJul 2016883 sq ft £156/sq ft£138,000

All sales on Gaddesby Avenue → All sold prices in Leicester →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, Martin Paston
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