Merttens Drive, Leicester LE7 2 bed coach house for sale

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Merttens Drive, Leicester LE7 2 bed coach house for sale

Merttens Drive, Leicester LE7
£200,000

Our Summary

  • Viewing is however still highly recommended to appreciate the potential of this fantastic property

Description

This rare freehold apartment in Rothley is a highly sought-after investment opportunity, offering immediate cash flow and flexibility. The current tenant pays £895 pcm, providing a gross yield of 5.6% from day one, and the tenancy is expected to end before completion, allowing for vacant possession and the potential to raise the rent or move straight in. The apartment features a spacious 5.1m x 5.4m lounge-kitchen-diner, two restful bedrooms, and a well-kept bathroom, with the added benefits of an oversized garage, private driveway parking, and ground-floor storage room. The property is located in the heart of Rothley, just a two-minute stroll from local amenities, and is easily accessible to Leicester city centre and Loughborough. With a guide price lower than equivalent-sized flats in Leicester's city centre and local rents climbing to £900-£950 pcm, this property offers no-brainer numbers for investors and first-time buyers alike.