Overview

7-bedroom mid-terraced property at 40 Severn Street, Leicester LE2 1BA. The property has just changed tenancies with the previous tenants paying £36,309 with all tenants paying for bills themselves.

The property consists of a communal living room, kitchen, and two-family bathrooms on the ground and first floor. There is one double bedroom on the ground floor, three double and one single bedroom on the first floor and two double bedrooms on the second floor.

Key Selling Information

* 7-bed mid-terraced property

* Asking price £400,000.00

* 2 family bathrooms

* Corporate let currently

* Self-managed

* Current rental income of £34,580.00 per annum. This will increase to £36,309.00 on August 2024. 

* The new tenants are now contracted to pay all utility bills.

* Gross yield - 8.6%

* On-street parking

* Access to some outside space

* Council Tax Band - C

Price range:

7 Bedroom HMO £400,000

Reservation:

£2,000 reservation fee (takes the unit off the market)

Broker Fee 6%

Exchange though solicitor 

Completed project 

Mortgage or cash