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8 bedroom block of apartments for sale
10-16 Chapel Street, Oadby, Leicestershire LE2 5AD
£695,000
10-16 Chapel Street, Oadby, Leicestershire LE2 5AD
£695,000
Our Summary
- For sale on 27 November 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- A freehold investment opportunity comprising of 6, newly converted, residential properties situated within the heart of Oadby
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 2
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 26
Description
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Here is a summarized version of the property description in a single paragraph:
A freehold investment opportunity is being sold at auction, comprising six newly converted residential properties in the heart of Oadby. The properties include two townhouses and four apartments, along with a courtyard garden, bike and bin stores, and six parking spaces. All six properties are fully let on assured shorthold tenancies, generating a rental income of £5,500 per month, equivalent to £66,000 per annum, with a yield of around 8.5% at the current guide price. The site comes with a 10-year building guarantee and is located in a central position with a range of amenities within a one-minute walk. The properties are being sold with a guide price and a reserve price, and prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid.