• Asking price

    £2,383 pcm
  • Bathrooms

    3

  • Bedrooms

    5

Daniel Cassidy

Daniel Cassidy

Head of Investments & Developments

Rare opportunity to buy fully tenanted, 5-bed student HMO in Knighton near Clarendon Park. Immaculate condition with original features. High rental demand & capital appreciation. Gross yield >7%, ROI >9%. Close to amenities and schools.

Description

Hortons are very pleased to present this very rare opportunity for sale, a fully tenanted, five bedroom, student HMO, presented in immaculate condition with an array of original period features and set in the extremely popular area of Knighton bordering Clarendon Park. The property boasts five lettable rooms over three floors and is currently fully tenanted with tenants also secured for the 24/25 academic year. The tenants are currently paying £105 pppw (excluding bills), and we have secured £110 pppw for the next academic year on a 52 week contract.

The location is a very highly sought after area with an extremely strong rental demand whilst also proving strong with capital appreciation. In the last 5 years, the area has increased in capital appreciation by circa 25%, despite market conditions (COVID 19, Brexit, mortgage rate rises etc). This opportunity present a gross yield in excess of 7% and a ROI in excess of 9% (based on a 75% LTV BTL- interest only mortgage.)

Location:

Knighton is a leafy suburb located approximately 10 minutes from Leicester city centre. With easy access to everyday amenities found along Queens Road and nearby Wigston town centre, alongside renowned local public and private schooling including nursery day-care. The adjoining combined suburbs of Stoneygate and Clarendon Park also offer a full range of local amenities including shopping for day-to-day and specialist boutique bars, restaurants and shops found along Queens Road, as well as specialist shopping along Allandale Road and Francis Street.

Floorplan

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