£450,000
Portfolio Of Apartments At Citispace West, LS2
- 1 bed
£450,000
- 1 bed
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
Share
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
*** CALLING ALL INVESTORS *** CASH BUYERS ONLY *** An ultra rare opportunity has arisen to acquire a ready made portfolio of 10 Citispace apartments all situated on the 4th floor of Citispace West currently achieving ?5,235 PCM in rental income offering a gross return of 13.96%, ?62,820 per annum.
These properties are ONLY available to cash buyers.
All properties are currently let out, and we are advised the current landlord has never faced any issues letting these properties out.
Breakdown of properties:Flat 1 tenanted on a periodic basis - ?495 PCMFlat 2 tenanted on a periodic basis - ?495 PCMFlat 3 tenanted on a periodic basis - ?550 PCMFlat 4 tenanted on a periodic basis - ?520 PCMFlat 5 tenanted fixed term until 31 May 2025 - ?535 PCMFlat 6 tenanted on a periodic basis - ?495 PCMFlat 7 tenanted on a periodic basis - ?575 PCMFlat 8 tenanted fixed term until 30 April 2025 - ?525 PCMFlat 9 tenanted on a periodic basis - ?495 PCMFlat 10 tenanted fixed term until 9 February 2025 - ?550 PCMThe apartments let at ?495, have the potential to increase up to ?525 PCM adding an additional ?1,440 to the total annual rental income.
Note: it wont be possible to show all 10 properties in one go but we can show a handful of properties to allow prospective buyers to get a feel for the apartments. They range in size, but are all 1-bed apartments. Citispace is a very popular urban development on the fringe of the city, and opportunities to purchase a portfolio like this very rarely arise, especially when all apartments are currently tenanted as of October 2024. Service charge per apartment:All figures below are the most recent from the period of 01.07.24 to 31.12.24 (6 months)Flat 1 - ?562.40 Flat 2 - ?562.40 Flat 3 - ?562.40 Flat 4 - ?562.40 Flat 5 - ?703.00 Flat 6 - ?703.00 Flat 7 - ?703.00Flat 8 - ?703.00Flat 9 - ?703.00Flat 10 - ?703.00
EPC per apartment
Below is the EPC rating per apartment:Flat 1 - CFlat 2 - BFlat 3 - BFlat 4 - BFlat 5 - CFlat 6 - BFlat 7 - BFlat 8 - CFlat 9 - CFlat 10 - C
Council Tax per apartment
Below is the council tax banding per apartment:Flat 1 - BFlat 2 - BFlat 3 - BFlat 4 - BFlat 5 - BFlat 6 - BFlat 7 - BFlat 8 - BFlat 9 - BFlat 10 - B
Mortgage calculator
Find out the cost of a mortgage for your new home.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worth
Check instantly an estimated value of your homeFind the best
local agent
Compare local estate agents based on their performanceGet an Instant
cash offer
Get a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.