Summary - 74 HERMITAGE COURT, HONEYWELL CLOSE, OADBY, OADBY LE2 5QQ
1 bed 1 bath Flat
Income-producing one-bed with gated parking — attractive gross yield for buy-to-let investors.
Ground-floor one-bedroom flat, chain free
A chain-free, ground-floor one-bedroom flat currently let at £775pcm, presenting a straightforward buy-to-let opportunity in Oadby. The open-plan living/kitchen and double bedroom provide comfortable, low-maintenance accommodation and the development includes gated allocated parking. Gas central heating, UPVC double glazing and an EPC rating of C keep ongoing costs moderate.
The property is already income-producing — annual rent of £9,300 gives a gross yield of about 8.5% at the asking price of £110,000 — attractive for investors seeking immediate return. Local amenities, good bus links into Leicester, noted nearby schools and leisure facilities add tenant appeal and re-letting prospects.
Important lease and risk points are flagged plainly: 82 years remain on the lease, which is short enough to require extension soon (costs apply), and the property carries a small ground rent of £250. There is a medium flooding risk and the area records above-average crime rates; these are practical considerations for underwriting, insurance and tenant screening.
Overall, this flat suits investors looking for a turn-key rental with decent yield and minimal immediate works. Buyers needing long-term owner-occupation should budget for a lease extension. Viewing is recommended for investors or landlords assessing rental income and lease-extension costs.
1 bedroom flat for sale in Flat 3, Hermitage Court, Honeywell Close,, LE2 — £110,000 • 1 bed • 1 bath • 560 ft²
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1 bedroom apartment for sale in Honeywell Close, Oadby, Leicester, LE2 — £110,000 • 1 bed • 1 bath • 560 ft²
1 bedroom flat for sale in Flat 77, Hermitage Court, Honeywell Close, Oadby, LE2 — £110,000 • 1 bed • 1 bath • 560 ft²
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