Derby Road
Loughborough
£225,000
£225,000
Tenure: Freehold
Ref: LBH113103
- Fantastic investment
- Two self contained flats
- Planning consent for third flat granted
- Great long term investment
- Currently rented out
- Current income £15,000 pa.
monthly mortgage estimate
A FANTASTIC INVESTMENT OPPORTUNITY with scope for further development! We are delighted to offer for sale this detached property which is currently split into two individual apartments with PLANNING CONSENT APPROVED for a further apartment, currently generating £15,000 per annum in rental income.
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Council Tax Band: A
Tenure: Freehold
in detail
A FANTASTIC INVESTMENT OPPORTUNITY with scope for further development! We are delighted to offer for sale this detached property which is currently split into two individual appartments with PLANNING CONSENT APPROVED for the creation of a further apartment - full planning details can be found at Charnwood borough council under planning reference P/23/0321/2
The property is currently made up as follows -
Apartment 201A - Ground floor apartment comprising hallway, living room, kitchen are, bedroom and bathroom, let under and assured shorthold tenancy until 3rd August 2024 currently generating an annual income of £7500 per annum.
Apartment 201B - First floor apartment comprising hall, stairs off to first floor, Lining room, kitchen are, bedroom and shower room, let under and assured shorthold tenancy until 5th June 2024 currently generating an annual income of £7500 per annum.
The planning consent allows for the creation of a self contained second floor apartment which will generate an additional income.
For further details of the property, planning information or to arrange a viewing please contact the branch for further information.
A ground floor apartment currently rented out on an assured shorthold tenancy until 3rd August 2024, generating an income of £7,500 PA.
A first floor apartment currently rented out on an assured shorthold tenancy until 5th June 2024 generating an income of £7,500 PA.
The property is currently made up as follows -
Apartment 201A - Ground floor apartment comprising hallway, living room, kitchen are, bedroom and bathroom, let under and assured shorthold tenancy until 3rd August 2024 currently generating an annual income of £7500 per annum.
Apartment 201B - First floor apartment comprising hall, stairs off to first floor, Lining room, kitchen are, bedroom and shower room, let under and assured shorthold tenancy until 5th June 2024 currently generating an annual income of £7500 per annum.
The planning consent allows for the creation of a self contained second floor apartment which will generate an additional income.
For further details of the property, planning information or to arrange a viewing please contact the branch for further information.
201a
Apartment 201A -A ground floor apartment currently rented out on an assured shorthold tenancy until 3rd August 2024, generating an income of £7,500 PA.
201b
Apartment 201B -A first floor apartment currently rented out on an assured shorthold tenancy until 5th June 2024 generating an income of £7,500 PA.
Planning Consent
There is planning consent granted for the creation of a second floor, third apartment which can be found under planning reference P/23/0321/2 at Charnwood borough council.
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22-23 Swan Street
LOUGHBOROUGH
Leicestershire
LE11 5BL
LOUGHBOROUGH
Leicestershire
LE11 5BL
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY
AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.