1 bed flat for sale

Lyndwood Court, Stoughton Road, Leicester LE2

Description

Lyndwood Court, Stoughton Road, Leicester, LE2 2EJ

Asking Price: £80,000 | Tenure: Leasehold

Overview
This third-floor one-bedroom flat in the highly sought-after suburb of Stoneygate presents a prime investment opportunity. Offered at a competitive price of £80,000, the property is ideal for cash buyers or seasoned investors looking to add to their portfolio in a popular residential area.

Property Features
Location: Situated on the third floor of Lyndwood Court, a mid-century development known for its spacious layouts.
Living Space: Typically includes a generous lounge/diner with large windows, a separate fitted kitchen, and a well-appointed bathroom.

Parking & Grounds: The property benefits from communal off-road parking and is set within well-maintained, landscaped communal gardens.

Accessibility: The building features communal lift access to all floors, including the third floor.

Investment Highlights
Short Lease Opportunity: The property has 52 years remaining on the lease. This is reflected in the attractive asking price, offering significant potential for value uplift through a lease extension.

Rental Potential: Flats in Lyndwood Court are in high demand for professionals and students, with similar one-bedroom units achieving rents approximately £695 per month.

Prime Stoneygate Location:
Education: Within walking distance of the University of Leicester.

Transport: Excellent links to Leicester City Centre and the Railway Station (approx. 1 mile away) for direct access to London St Pancras.

Lifestyle: Close to the fashionable boutiques, bars, and bistros of Queens Road and Allandale Road, as well as the green spaces of Victoria Park.

Key Information
Sale Price: Offers over £80,000.
Tenure: Leasehold (approx. 52 years remaining).
Service Charge: Historically approx. £40 per month (subject to verification).
Council Tax: Band A

Tenure: Leasehold (52 years)
Ground Rent: £40 per year