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Tranquility Homes - Property Investment and Management Specialists

Fosse Road South, Leicester

£500,000

Ref:

11120

Availability:

Sold STC

Bedrooms:

6

Bathrooms:

6

Receptions:

6

Tenure:

Freehold

 

Property Features
  • Six Apartments on one freehold title
  • Rental Income Circa £35,000
  • Two garages
  • Good condition
  • Central location
  • Ongoing Investment
  • Shared courtyard
  • All electrics up to date

Located in the West End this is a well presented Victorian villa house which has been converted into five flats. There is a further coach house with two garages located to the rear of the property. All currently let to working professionals. Gross rental income of Circa £35,000. Sold as ongoing Investment

48 Fosse Road South Three storey Victorian terrace building containing three self contained flats and one studio flat with entrance from Fosse Road South. One self contained flat with entrance from Livingstone Street (No 47).Flat conversions and major upgrade refurbishment in 1993 to new sound insulation(isolating ceilings to lower flats) and thermal insulation standards. Mostly double glazed,

with many upgraded glazing units circa 2013 and some secondary glazing to retained period windows. All plumbed for washer/washer dryers. Door entry phone system, common area fire alarm system upgraded 2016/2017.

Accessed from 48 Fosse Road South Carpeted entrance lobby and staircase access to flats 1 to 4. Meter and mains electric switches. Access to rear yard/garden and Livingstone Street. Ground floor landlords store room and cellar. Common area fire alarm system upgraded 2016/2017.

Landlord´s Supply EICR 05/08/2016

Flat 1 One Bedroom Flat: Ground Floor Comprising entrance lobby, store cupboard, bathroom with electric shower over bath, living room with kitchen, double bedroom with fitted wardrobes. Includes washer dryer. Nov 2020 £500.00 pcm excl £6000 pa.

Flat 2 One Bedroom Flat: First Floor Comprising entrance lobby, store cupboard, bathroom with electric shower over bath, living room with kitchen off, and small bedroom/study off, double bedroom with fitted Wardrobes. Let since 08/07/15 with partner New sole tenancy 08/07/17 £450 pcm exclusive £5400 pa. Now monthly contractual tenancy.

Flat 3, One Bedroom Flat: Second Floor

EPC C 70 08/08/2020 EICR 05/08/2016 Comprising entrance lobby, store cupboard, bathroom with shower over bath, living room with kitchen off, and small low ceiling height space off, double bedroom with fitted wardrobes.

Upgrade 2011, Ikea kitchen, new bathroom and additional insulation. Let since 15/09/2000 at £550 pcm excl £6600 pa.

12 month agreement.

Flat 4, Studio Flat: First Floor

EPC D59 08/08/2020 EICR 06/12/2018 Comprising entrance lobby, store cupboard, shower room, living room with kitchen area,

fitted wardrobe. Let since 26/09/2013 at £300 pcm £3600 pa

Accessed from Livingstone Street: 47 Livingstone St, One Bedroom Flat: Ground Floor EPC D59 23/03/2020 EICR 06/03/2020 Comprising entrance lobby, bathroom with shower over bath, kitchen, living room, double bedroom with walk in wardrobe. Double glazed with secondary glazing to period bay window. Let furnished. Let since 27/08/2001 current rent at £380 pcm excl but including £8pcm water) £4560 pa. plus Left hand garage on a monthly basis (see below) £600 pa. Now Statutory tenancy

47a Livingstone St, One Bedroom Flat: First Floor over garages

EPC C70 23/09/2019 EICR 29/10/2019 Comprising entrance lobby, Stairs up, shower room, living room with kitchen off, double

bedroom with built in wardrobe Let since 08/01/2020 at £525 pcm excl, 12 month tenancy includes share of water (Currently up to £12.00 per month) £6300 pa. Garage, right hand Currently let with 47a above. Potential to be converted into extra living accommodation for Flat above, subject to permissions.

All have off peak electric storage heating and are mostly unfurnished but with carpets/laminate and some curtains. All have fridge freezers and modern cookers with extract units . Separately metered electrics and separately metered water except the two Livingstone Street flats have a single connection but are separately metered. (Landlord pays the STWater Bill and an allowance for water used included in the rents). Individual flat fire alarms renewed and extended 2017-2020.

Currently let to 47 Livingstone St at £50.00 pcm - see No47 details

Two lock up stores. One currently used by landlord. One currently let with Flat 3. Tenant pays a one off £50.00 charge.

Lock up landlord's store (behind left hand garage). With water and electric supplied free of charge from 47a flat above.