1 bedroom flat for sale

£70,000

Leicester Student Investment, Leicester, 7Dh, Leicester LE3

1 bedroom flat for sale 1 1
Interested in this property? Call +44 20 3641 4564 * or Request Details

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Property features

  • 8% Assured Net Rental Return for 3 Years
  • Located in Leicester City Centre
  • Next to the University
  • A range of on-site facilities including underground parking
  • Experienced Management Company
  • Property Prices from £68,000

Property description

Leicester Student Property

For Investment Purposes Only – 50% Deposit Required – Below Market Value

This student development is ideally located close to the universities and the student village of the city of Leicester. It’s the perfect solution for postgraduate students looking for independent living in a student environment.

The demand characteristics exhibited by postgraduate students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” undergraduate student accommodation.

They now require bespoke, purpose-built accommodation which lies close to the educational hub.

With ever-increasing numbers of postgraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.

These properties boast larger than average, high quality living spaces designed to meet the needs of the postgraduate student market.

To Receive a Free Financial Form Register Below or Call Us Today!

Please get in touch with us if you wish to discuss this property investment or other buy to let opportunities. RWinvest is one of the leading UK property investment companies. We have connected with over 25,000 previous investors and have secured high yield investment deals with guaranteed returns for our customers across the UK and abroad.

Investment Overview

1. 8% Assured Net Rental Return for 3 Years
2. Located in Leicester City Centre
3. Next to the University
4. A range of on-site facilities including underground parking
5. Experienced Management Company
6. Property Prices from £68,000

About Leicester

Located in the East Midlands, Leicester is the tenth largest city in the UK and provides a cultural, diverse and commercial centre.

With the highest population in its region of people aged 19 and under, Leicester has a total student population of over 37,000. The city is home to two world-renowned universities, University of Leicester and De Montfort University. Over 9,800 students in the city are postgraduates.

Numbers are not set to diminish anytime soon: Postgraduate qualifications are becoming more of a necessity in the increasingly competitive jobs market and it is understood that a Masters helps graduates to stand out. Such a qualification is also becoming more of a requirement in many professions. There is, therefore, a need to answer this specific market’s demands and provide first class facilities, such as the provision of modern, purpose-built student accommodation.

26% of the city’s student population are postgraduates. With very little availability of purpose-built schemes, the demand for quality accommodation is very high, making this development the perfect investment solution.

For More Information Call Us Today or Register Below for an Info Pack
Floorplan(s): Floorplan 1

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Property value data/graphs for LE3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £312,804 £220 3.6 £302,005
Semi-detached £184,485 £196 3.1 £184,857
Terraced £150,716 £179 2.7 £146,782
Flats £128,988 £193 1.8 £107,852

Current asking prices in LE3

Average: £236,389
Avg. current asking prices in LE3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £161,980
(40)
£216,829
(117)
£316,131
(64)
£424,615
(13)
Flats £90,123
(16)
£148,451
(22)
£197,330
(3)
£199,950
(1)
-
All £90,123
(16)
£157,179
(62)
£216,342
(120)
£314,344
(65)
£424,615
(13)

Current asking rents in LE3

Average: £1,003 pcm
Avg. current asking prices in LE3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £420 pcm
(21)
£670 pcm
(30)
£777 pcm
(53)
£1,309 pcm
(56)
£1,271 pcm
(11)
Flats £492 pcm
(63)
£644 pcm
(17)
£947 pcm
(2)
£613 pcm
(2)
£1,538 pcm
(3)
All £474 pcm
(84)
£660 pcm
(47)
£783 pcm
(55)
£1,285 pcm
(58)
£1,328 pcm
(14)

Fun facts for LE3

Highest value in LE3
Highest value streets Zed-Index
Bede Street £702,552
Waring Close £682,111
Gallimore Close £514,365
Beggars Lane £507,043
Excalibur Close £494,739
Highest turnover in LE3
Highest turnover streets Turnover
Field Close 54.5%
Morris Close 50.0%
Cranberry Close 50.0%
Taunton Road 50.0%
Kirkstone Close 50.0%
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For more information about this property, please contact
RW Invest London, EC2Y on +44 20 3641 4564 * (local rate)

Monthly running costs Beta

£445 Monthly total

Home Insurance

Contents value up to £80,000 Average insurance cost £7/mo (£83/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £16 Electricity £24 Estimated energy cost £40/mo

Similar properties could save up to £230

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5900 kWh/year
Electricity: 1700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Blaby

Estimated tax band A Council tax cost £111 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact RW Invest London about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by RW Invest London, and do not constitute property particulars. Please contact RW Invest London for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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