1 bedroom flat for sale

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1 bedroom flat for sale

58 Woodgate, Loughborough, LE11
£95,000

Our Summary

  • The Property** INVESTMENT PROPERTY Auction***These student apartment blocks are fully managed for you and are a great way of getting a better return on your money than just having the funds sat in a bank account

Description

This is an investment property in a popular student apartment block in Loughborough town centre, fully managed by a company. The property is a spacious studio with an en-suite bathroom and has already secured a tenant, generating income from day one. The block offers shared facilities, including a common room, TV, WiFi, and laundry room. The property yields a fixed return every month, paid quarterly, with a yearly ground rent of £300. The management company takes care of advertising and setting up lettings contracts, with no additional cost. The property was built in 2015 and has a 125-year lease, with a current return of £598 every quarter.
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