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40 Severn Street

Leicester, United Kingdom

£400,000.00

Investment Type: BUY-TO-LET

Est. Completion: AVAILABLE

  • Spanning Over 3 Floors
  • 7 Bedrooms
  • Yield Of 9.1%
  • 5% Annual Rental Increase Per Annum
  • Corporate Let
  • Modern Throughout

Pure Investor brings to the market this 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

40 Severn Street - Key Points

Location

Location

Leicester, United Kingdom

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

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