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: £ 911.913,300.49
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.
