The subject property which was built in 2010 is located on Jenner Close, in the Market town of Melton Mowbray which is located 18 miles northeast of Leicester and 21 miles southeast of Nottingham.
Melton Mowbray is an attraction to a range of national employers including Pedigree Petfoods, Mars and Arla foods and subsequently a range of young professionals and families alike reside in the area.
The subject property is of modern design set across three floors built of traditional brick construction with tiled roof.
The ground floor comprises of main entrance porch with secure outside storage, laminated entrance hallway, communal utility room consisting washing machine, dryer, stainless steel sink and range of matching wall and base units and door to rear garden.
There is a downstairs three piece tiled shower room being shared between bedrooms one and two which are also located on the ground floor, bedroom one has the additional benefit of a conservatory leading to the garden.
The first floor hosts the communal kitchen / diner consisting of modern wall and base units, all modern appliances, vinyl flooring and window to rear garden. Bedroom three is located across the hall has the advantage of an en-suite shower room and double windows to the front aspect of the property.
The second floor bedrooms, four and five, both having the added benefit of full en-suite facilities.
All of the bedrooms have flat screen TV’s and double or king size beds.
Outside to the front of the property is 2 parking spaces. The rear is laid to lawn with a small patio and garden furniture.
The property is also fitted with mains powered inter-linked smoke detectors.
Bedroom 1: 2.39m x 2.66m
Conservatory: 2.87m x 2.35m
Bedroom 2: 4.02m x 2.36m
Stairs leading to first floor:
Kitchen / Diner 4.47m x 2.39m
Bedroom 3: 4.47m x 3.86m (max)
En-suite: 2.82m x 1.71m
Stairs leading to second floor
Bedroom 4: 4.49m x 3.89m (max)
En-suite: 2.02m x 1.71m
Bedroom 5: 4.49m x 3.86m (max)
En-suite 1.82m x 1.7m
We understand the property has mains gas, electricity, water and drainage.
The property is currently being rented for £2,495pcm before bills, these are currently £320pcm creating a net income of £2,175 pcm. Following rent reviews we feel gross income could be increased to £2,600pcm (£31,200pa) representing a gross yield of £12.7%
Current Rental Income
Bedroom 1: £434 pcm
Bedroom 2: £520 pcm
Bedroom 3: £541 pcm
Bedroom 4: £500 pcm
Bedroom 5: £500 pcm
The property is rated in Council Tax Band D.
VAT is not applicable.
Viewing by Appointment
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
Richard Reed, RICS
Phone: 0115 970 6060
Our Ref: PR010