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For Sale - Falmouth Road, Leicester, LE5 £55,000

Studio  For Sale £55,000

Falmouth Road, Leicester, LE5

STUDIO FLAT

SOLD WITH NO CHAIN

GREAT INVESTMENT

FIFTH FLOOR

BM Estates are pleased to offer this fifth floor studio flat is offered for sale with no upward chain and represents an ideal first time buyers property. The property comprises: Open plan kitchen/lounge/bedroom and a separate bathroom, with the accommodation being laid out in more detail overleaf.

Monthly rental return according to market demand = £500 pcm. Situated near Ethel Road, this property is conveniently positioned close to a vast range of amenities including general hospital, local schools, bus routes to Leicester city centre which is under 2 miles away and local shops and convenience stores. The flat will be sold with a tenancy in place.

Please call to arrange an appointment.

Lounge & Open Plan Kitchen: (6.09m x 3.19m) Double uPVC to side elevation with a fully fitted kitchen.

Location

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Stamp Duty Calculation

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k (Percentage rate 0%)

Above £125k and up to £250k (Percentage rate 2%)

Above £250k and up to £925k (Percentage rate 5%)

Above £925k and up to £1.5m (Percentage rate 10%)

Above £1.5m (Percentage rate 12%)

Up to £300k(Percentage rate 0%)

Above £300k and up to £500k(Percentage rate 0%)

*This is for illustrative purposes only

IMPORTANT NOTICE FROM BM ESTATES

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.

Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 0116 273 1414