The subject property which was built in 2009 is located on Harvey Street. The market town of Melton Mowbray is located 18 miles northeast of Leicester and 21 miles southeast of Nottingham.
Melton Mowbray is an attraction to large 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. The large kitchen including modern base and eye level units, stainless steel gas hob, electric oven, cooker hood and sink. The kitchen also houses an Ideal Icos HE12 combi boiler.
The large communal fully furnished lounge area including dining table , TV, laminate flooring and double patio doors leading to the rear garden. The lounge also provides access to bedroom 4, which has separate access to the rear garden and has its own bathroom that benefits from a 3 piece double shower room accessed from the downstairs hallway.
The second floor plays host to bedrooms 1 & 2 and a shared bathroom with 3 piece suite and over bath mains shower. The top floor has the luxury of a full self contained studio flat possibly suitable for a couple comprising of bedroom / lounge area, fitted wardrobes, study area, full kitchen and master bathroom.
All rooms have flat screen TV’s and double or king size beds.
Outside to the front of the property is two parking spaces and an external cycle shed. To the rear is slabbed, with grassed area with raised decking and an additional garden shed.
Living Room: 5.00m x 4.08m (max.)
Kitchen: 3.90m x 1.90m (max.)
Bedroom 4: 4.81m x 2.57m (max)
Stairs leading to first floor:
Bedroom 1: 4.06m x 3.58m (max)
Bedroom 2: 4.05m x 3.30m (max)
Bathroom shared between bedroom 1 & 2: 1.92m x 1.90m
Stairs leading to second floor
Bedroom 3: 3.96m x 4.6m (max)
Kitchenette: 2.48m x 2.4m (max)
En-suite: 1.93m x 2.15m (max)
The property is currently being rented for £2,120pcm before bills, these are currently £320pcm creating a net income of £1800 pcm. Following rent reviews we feel gross income could be increased to £2,215pcm (£26,580pa) representing a gross yield of 10.8%
Current Rental Income
Bedroom 1: £500 pcm
Bedroom 2: £520 pcm
Bedroom 3: £600 pcm
Bedroom 4: £500 pcm
The property is rated in Council Tax Band D.
Viewing by Appointment
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
Richard Reed, RICS
Phone: 0115 970 6060
Our Ref: PR009