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Chelsea Place, 48 Latimer Street, Leicester, LE3 0QE

£1,050,000

Fully Let Student Investment – Current Income £66,240 pa

  • 2 Student flats with 12 letting bedrooms
  • Very close to De Montfort University
  • Easy access to Leicester City Centre
  • Current gross rental income £66,240 pa
  • ERV for 2020/2021 Academic Year – £75,000
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location

Leicester has a resident population of some 330,000 and, more importantly for student housing investors, it is a thriving university city with two renowned campuses close to the city centre.

The property is within a 10-minute walk of the main De Montfort University campus and there are full range of retail and leisure facilities on the nearby Narborough Road, Hinckley Road and Braunstone Gate.

income

The 12 student rooms currently produce a gross income of £66,240 pa, based on a 48-week letting year. This equates to £115 per room per week.

Our estimate of ERV is based on a weekly rate of £130 per room per week for the 2020/2021 academic year.

All lettings to date have been completed at this level.

description

There are 12 beds over two flats totally 3,134 sq.ft.

covid-19

The University have announced that they will re-open as usual on Monday 5th October for the 2020/21 Academic Year. Read Update

price

£1,050,000

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