3 bedroom Block of Apartments in Leicester

348 Fosse Road North, Leicester LE3 5RS
  • Lot No: 17
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £200,000+ plus fees

Result Sold at Auction £230,000

Property Description

DRAFT DETAILS Three storey villa which is arranged as three apartments offered part let. Ground floor offers a large one bedroom apartment. Currently let at £475 per calendar month or £5,700 per annum. First floor offers a one bedroom flat which currently is not self contained and does not meet regulations but could be easily converted to offer either a one or two bedroom apartment, subject to any regulations. It has recently had a replaced double glazed wooden sash windows at front of property (April 2022). Estimated rent after renovations is £600 per calendar month or £7,200 per annum. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Second floor offers a large studio flat. Currently let at £350 per calendar month or £4,200 per annum. All EICR and gas safety check (Flat one only) are up to date. Fire alarm and emergency lighting all checked and up to date. Estimated current, full rental value after first floor improvements is £20,000 per annum. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Well placed opposite Fosse Recreation Park and within easy reach of local amenities and the city centre. There is also scope for extension to the rear subject to planning consent. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Communal Hallway

With stairs and access to all flats.


Flat One- Ground Floor

Entrance hall, lounge, dining room, kitchen, bedroom, shower room, own private enclosed garden.


Flat Two- First Floor

Lounge/diner, kitchen, bedroom, bedroom bathroom, fire escape/stairs to own enclosed garden.


Flat Three- Second Floor

Reception hallway, lounge/bedroom, kitchen, bathroom


Outside

Garden to front with gated path. Rear garden which is enclosed. It has a brick out building and rear gated access.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th May 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

348 Fosse Road North, Leicester LE3 5RS