Auction Date: 20/11/2024, LOT 15
Unsold - Available for £390,000
32 Winchester Avenue, Leicester, LE3 1AU
Solicitor Details
Rajinder Singh & Co, 85 London Road, Leicester LE2 0PF Tel: (0116) 254 5929 ~ Ref: R Singh
*Guide Price & Reserves
RESIDENTIAL INVESTMENT
Property Description
A large 3 storey corner property of approximately 1,905 sqft with a single storey extension. The property has been converted to a 7 bedroom HMO with each bedroom being separately metered and having a kitchenette. The property benefits from double glazing, electric heating, bathroom, 2 shower rooms one with WC, separate WC, shared laundry area and bike store.
Location:
The property is located off Fosse Road South, on the corner of Sweetbriar Road and near to Westcotes Park.
Note:
- Previously marketed at £390,000 - £395,000
- Roof replaced in the last 5 years
- 5 out of the 7 units have recently been insulated
Tenure:
- Freehold, subject to existing tenancies
- All the existing tenants are long standing
- Landlord pays for council tax, water, electricity and broadband
- Each flat is separately metered
Energy Performance Certificate:
Band E, Rating 45.
| Current Net Rental Income | 31,439.51 | 38,699.51 | ||
| ROOM / ACCOMMODATION | RENT £ PA | ERV £ PA | ||
| GROUND FLOOR | ||||
| Entrance hall | ||||
| Room 1 | 5,100 | 6,000 | ||
| Room 2 | 5,100 - vacant, previous rent | 6,000 | ||
| Room 3 | 5,100 - vacant, previous rent | 6,000 | ||
| FIRST FLOOR | ||||
| Room 4 | 4,860 | 6,000 | ||
| Room 5 | 4,800 | 6,000 | ||
| Room 6 | 5,040 | 6,000 | ||
| 2 shower rooms one with WC, separate WC | ||||
| LOFT | ||||
| Room 7 | 4,740 | 6,000 | ||
| Outside | Front garden, rear garden, utility room with laundry area, bike store, WC, bin store | |||
| Gross Rental Value | 34,740 | 42,000 | ||
| Less: Council Tax: £1,042.68 Water Rates: £ 482.46 Electric: £ 863.44 Broadband: £ 911.91 |
3,300.49 | |||
Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
