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1 bed property, in Flat 3, £100,000
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1 bed flat

Flat 3, Hermitage Court, Honeywell Close
£100,000
-20.0%

Price History

Initial price £125,000
Aug 19, 2025 £115,000
Sep 10, 2025 £110,000
May 21, 2026 £100,000
Price Change -20.0%

Our Summary

  • No Upward Chain Investment Opportunity
  • The property has 82 years remaining on the lease and has the option to extend by a further 100 years, subject to necessary legal expenses
  • Draft Details Awaiting Vendor Approval - Lease Information - We understand there is an option to extend the lease, subject to the relevant costs involved

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Description

This is a fantastic opportunity for an investor to purchase a well-presented one-bedroom ground floor flat in Hermitage Court, located close to Oadby Parade and Wigston Magna. The property is currently tenanted and generates £775 per calendar month, making it an attractive buy-to-let investment. With 82 years remaining on the lease, there is also the option to extend it by a further 100 years, subject to necessary legal expenses.

The property features an entrance hallway, one double bedroom, three-piece bathroom suite, and an open-plan kitchen and living room space with integrated appliances. The location is ideal for those who want to be close to Oadby's highly regarded schools and nearby bus links to Leicester City Centre, with a range of amenities available along Oadby's Parade, including supermarkets, leisure facilities, and recreational activities.