Leopold Street
Loughborough
offers over
£650,000
Tenure: Freehold
Ref: LBH112729
- Fantastic investment opportunity
- 10 en suite bedrooms (including 5 flats)
- Currently let for 2022/2023 acedemic year
- Additional work shop to rear (development potential subject to planning)
- Golden triangle location
- Contact us for further details
monthly mortgage estimate
*****ATTENTION INVESTORS**** We are delighted to offer for sale A TEN BEDROOM HMO in the centre of Loughborough's Golden Triangle, within walking distance of both the University & Loughborough town centre. Each bedroom has an ensuite shower room & five of the rooms have their own kitchen facilities!
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Council Tax Band: E
Tenure: Freehold
floor plans
in detail
*****ATTENTION INVESTORS**** We are delighted to offer for sale A TEN BEDROOM HMO in the centre of Loughborough's Golden Triangle, within walking distance of both the University and Loughborough town centre, which has a fantastic record of being continuously let out and which had an HMO licence granted in June 2020. Each bedroom has an ensuite shower room and five of the rooms have their own kitchen facilities, with the other five sharing two kitchens.
The property is offered for sale with all rooms let out for the academic year 2022/23 and currently provides a gross annual income of £52,000 Including bills.
The accommodation is arranged over three floors, with a cellar and the potential for further bedrooms in the loft (subject to any necessary planning consent). There is gas central heating, with each room individually time and temperature controlled, and the layout is made up as follows;
The remaining two bedrooms have access to a fully equipped ground floor kitchen, which includes a fridge freezer and washing machine.
Front and rear stairs provide access to the rooms on the first floor and form escapes routes to the front and rear of the building in the event of a fire.
This area also provides access to a large workshop to the rear, which has three phase electrics and mains water and toilet facilities. This gives an opportunity for further development for additional lets or options for further income generation.
All rooms whilst enjoying individual ensuite facilities have the potential to be provided with full kitchen facilities, the present services have been designed to accommodate the additional requirements.
The main building is equipped with a comprehensive fire alarm system complete with appropriate detectors throughout, a fire strategy exists including fire doors and front and rear escape routes.
The electrical supply to each room or area has the potential of being readily adapted to a metered supply.
The property is offered for sale with all rooms let out for the academic year 2022/23 and currently provides a gross annual income of £52,000 Including bills.
The accommodation is arranged over three floors, with a cellar and the potential for further bedrooms in the loft (subject to any necessary planning consent). There is gas central heating, with each room individually time and temperature controlled, and the layout is made up as follows;
Entrance Hallway
There is a communal entrance hallway which has stairs rising to the first floor, a door leading to the cellar which provides useful, secure storage, and doors leading off to all ground floor rooms, including the ground floor kitchen.Ground Floor
To the ground floor there are four bedrooms, each with ensuite shower rooms and two of which are completely self- contained and have their own kitchen areas including washing machines.The remaining two bedrooms have access to a fully equipped ground floor kitchen, which includes a fridge freezer and washing machine.
First Floor
The first floor has six ensuite bedrooms, one being a duplex having the bedroom over the living space, all three are fully self- contained all of which have their own kitchen facilities including fridge freezers and washing machines, with the remaining three having access to a fully equipped first floor kitchen, which includes a fridge freezer and washing machine.Front and rear stairs provide access to the rooms on the first floor and form escapes routes to the front and rear of the building in the event of a fire.
Outside
Outside to the side is a gated carport which could provide off road parking and is currently used as secure bicycle park and a bin storage area, which also provides general storage space. This area has potential to extend the existing living space or further accommodation (subject to any necessary planning consent).This area also provides access to a large workshop to the rear, which has three phase electrics and mains water and toilet facilities. This gives an opportunity for further development for additional lets or options for further income generation.
Reception Hallway
The Property is accessed via a front door into a hallway, which has stairs rising to the first floor, access to the cellar and doors leading to all ground floor rooms.G1
Ground floor room, one bedroom with ensuite shower room facility and use of shared kitchen, separate front door entrance onto Leopold street.G2
Ground floor room, self-contained kitchen / living area, ground floor bedroom and additional mezzanine bedroom area, ensuite shower room.G3
Ground floor room, one bedroom with ensuite shower room facility and use of shared kitchen.G4
Ground floor room, one bedroom with ensuite shower room facility and use of shared kitchen.Ground Floor Kitchen
Ground floor kitchen has facilities including oven and hob, washing machine, fridge freezer.Cellar
There is a cellar that is accessed via the hallway, which provides useful storage space.Landing
There is a Landing which leads to all doors on the first floor and to the first floor central kitchen.F1
First floor room, one bedroom, self-contained kitchenette, ensuite shower room facility.F2
First floor room, one bedroom with ensuite shower room and use of shared kitchen.F3
First floor room, one bedroom with ensuite shower room and use of shared kitchen.F4
First floor room, one bedroom with ensuite shower room and use of shared kitchen.F5
First floor room, reception hallway, Lounge and kitchen area, ensuite shower room and stairs rising to second floor bedroom.F6
First floor room, one bedroom with self-contained kitchen and ensuite shower room facility.First Floor Kitchen
The first floor kitchen has facilities including oven and hob, washing machine, fridge freezer.General Services
The building and all ten rooms are provided with boosted water services offering improved volume pressure. Additionally, the heating and hot water is controlled by a central system operated via the internet, which provides individual room temperature and time control to each room and can be remotely operated via the internet and smart phone.All rooms whilst enjoying individual ensuite facilities have the potential to be provided with full kitchen facilities, the present services have been designed to accommodate the additional requirements.
The main building is equipped with a comprehensive fire alarm system complete with appropriate detectors throughout, a fire strategy exists including fire doors and front and rear escape routes.
The electrical supply to each room or area has the potential of being readily adapted to a metered supply.
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22-23 Swan Street
LOUGHBOROUGH
Leicestershire
LE11 5BL
LOUGHBOROUGH
Leicestershire
LE11 5BL
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
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