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5 Bedroom Detached house

Langdale Avenue, Loughborough, Leicestershire, LE11

£ 389,950

Call the Loughborough branch on 01509 611887

Features:

  • Save up to £9,498 on stamp duty

 

Property Description:

HMO Licensed 5 bedroom link detached House of Multiple Occupation (HMO) UPRN 100030449506.

The current license is renewed to 16th July 2024. The rooms are valued to let and circa £27500 returning a gross 6.8% yield in the buoyant student market, based upon the current asking price and with potential for a sixth room, subject to license and planning approval for a garage conversion.

A robust venture; 'During the covid pandemic as a contingency to the student market incosistencies the appointed agent has executed a corporate contract until June 2021 returning 21000 per annum, inclusive. Marketing has commenced to secure incoming students for 2021 intake which will commence in February for a summer change over.'

The detached base property has been extended and developed by the long term owners for the purpose of a desirable investment unit attractive to both tenants and future investment buyers. The property is presented to an exceptional standard by the current professional landlords with a high end finish for the incoming investors. The current tenancies are secured until June 2021and although previously let to students for around 11 years the takeover tenancy will be for professional long term tenants. The fixtures, fittings and tenancies will be transferred to the successful applicant upon completion, subject to contract and negotiation.

ENTRANCE HALL; Via double glazed door into entrance hall with stairs off to first floor, wood laminate flooring, radiator and doors into kitchen diner and bedroom one/lounge.

Bedroom 1: 14' 10" x 10' 10" (4.52m x 3.3m) Double glazed window to front elevation, wood effect laminate flooring, radiator and double door into sitting room.

SITTING ROOM 8' 10" x 8' 3" (2.69m x 2.51m). Having radiator and sliding doors to rear elevation leading out into the garden.

KITCHEN DINER 17' 5" x 16' 9" (5.31m x 5.11m) Fitted with a range of wall, base and drawer units with laminate work surfaces, stainless steel sink drainer, integrated electric oven, built in gas hob, stainless steel extractor hood, integrated dishwasher, under-counter space and plumbing for washing machine, space for American fridge freezer, tiled flooring, space for dining table and chairs, under-stairs storage cupboard, two double glazed windows to rear elevation, door into sitting room, door into shower room and external door to rear elevation leading out into the garden.

Shower room comprising three piece suite with close coupled w.c. sink unit and double shower cubicle, tiled flooring, all tiled walls and tower radiator.

Landing; Doors to;

Bedroom; 15' 8" x 8' 5" (4.78m x 2.57m) . Having double glazed windows to front elevation, radiator and laminate flooring.

Bedroom; 12' 7" x 10' 11" (3.84m x 3.33m) Having double glazed window to rear elevation, radiator and laminate flooring.

Bedroom; 11' 1" x 10' 0" (3.38m x 3.05m) double glazed window to front elevation and radiator.

Bedroom; 15' 11" x 7' 8" max. (4.85m x 2.34m) With double glazed window to rear elevation and radiator.

Bathroom; Fitted with a three piece suite comprising P-shaped bath with shower screen and shower over, pedestal wash hand basin and close coupled W.C. tiled flooring, fully tiled walls, chrome ladder radiator and double glazed window to rear elevation.

GARAGE 14' 5" x 8' 3" (4.39m x 2.51m) Up and over door to front elevation.

OUTSIDE; The proeprty is approached via a driveway with multiple car standing leading to a low maintannce rear garden.

 

Call the Loughborough branch on 01509 611887