19 Yeoman Street, Leicester, LE1 1UT
£50,000
Guide Price
Property Features
- Beautiful 1 bedroom flat (414 sq ft)
- Competitively priced for 28-day auction and chain free
- To be sold with tenants in situ
- Gross yield = 18% (based on guide price)
- Current rental income £775 pcm (paid on time)
- Service charge - £3,900 pa
- Lease Length = 107 years
- Open plan lounge diner (125.55 sq ft)
- Fitted kitchen (45.00 sq ft)
- Bedroom 1 (101.65 sq ft)
- Modern bathroom (41.54 sq ft)
- Property has private allocated parking
- Private balcony
- Close to all essential amenities in Leicester
Property Summary
This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).Property Solvers Online Auctions is delighted to present this beautiful 414 sq ft 1-bedroom flat located in 19 Yeoman Street, Leicester. This property is a perfect investment for a savvy investor to add to their portfolio.
This well-presented one-bedroom tenanted flat is situated at 19 Yeoman Street, Leicester, and offers an attractive investment opportunity in a popular and convenient Leicester location. The property is currently let, providing an opportunity for an investor to acquire an income-producing asset with an existing tenancy in place at an 18% gross yield (based on current guide price).
The flat provides a practical layout with a comfortable open-plan lounge diner (125.55 sq ft), fitted kitchen (45 sq ft), one well-proportioned bedroom (101.65 sq ft), a modern bathroom (41.54 sq ft) and a private balcony and private allocated parking. The flat is well suited to the rental market, offering straightforward, low-maintenance living that is likely to appeal to a broad range of tenants.
Located within easy reach of Leicester city centre, the property benefits from excellent access to local amenities, shops, restaurants, leisure facilities and transport links. With strong demand for rental accommodation in the area and a tenant already in situ, this property represents an appealing buy-to-let investment opportunity, particularly for landlords seeking an established rental income stream from day one.
More Information
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28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements, please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum of £2,000 + VAT) plus a £125 + VAT processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
