£942,000
(£280.27/sq. ft)
Property for saleIvanhoe House, 41A Ivanhoe Street, Newfoundpool, Leicester, Leicestershire LE3
3,361 sq. ft
Freehold
About this property
Configured to provide 8 self-contained flats
Redeveloped during 2023, providing high quality accommodation
Fully let, producing a gross income of £66,000 per annum
Purchase price: £942,000 which reflects a gross yield of 7.0%
Situated in a popular residential area
The Investment property comprises an attractive part two-storey and part three-storey building which was extended and comprehensively redeveloped during 2023 to provide 8 self contained residential apartments, arranged as:
3 x studios
4 x 1 bed flats
1 x 2 bed flat
The original building is of solid brick construction beneath a pitched roof with a dormer projection to the rear elevation, clad with PVC and under a flat felt roof. Whilst the modern extension is of cavity brick construction beneath a pitched roof, encompassing dormer windows to the front and rear elevations. All of the windows in the premises have been fitted with UPVC double glazed units.
Internally, the accommodation has been finished to a high standard throughout with each flat having; painted plastered walls and ceilings, laminate floor coverings, modern kitchen units with integrated hob and oven, together with shower rooms, incorporating an electric shower, WC and a wash hand basin, set within a vanity unit. Heating within each flat is facilitated by way of wall mounted electric heaters.
To the rear of the site there is a brick paved courtyard area, accessed via a central under croft on which there are a number of garages/storage units.
3 x studios
4 x 1 bed flats
1 x 2 bed flat
The original building is of solid brick construction beneath a pitched roof with a dormer projection to the rear elevation, clad with PVC and under a flat felt roof. Whilst the modern extension is of cavity brick construction beneath a pitched roof, encompassing dormer windows to the front and rear elevations. All of the windows in the premises have been fitted with UPVC double glazed units.
Internally, the accommodation has been finished to a high standard throughout with each flat having; painted plastered walls and ceilings, laminate floor coverings, modern kitchen units with integrated hob and oven, together with shower rooms, incorporating an electric shower, WC and a wash hand basin, set within a vanity unit. Heating within each flat is facilitated by way of wall mounted electric heaters.
To the rear of the site there is a brick paved courtyard area, accessed via a central under croft on which there are a number of garages/storage units.
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