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3 bed semi-detached house for sale

£300,000 From

Alexandra Road, Leamington Spa CV31

3 bed semi-detached house for sale 3 1 2
Interested in this property? Call +44 1926 267551 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • HMO Investment Opportunity
  • Agreed Student Let 2024 and Next Academic Year
  • 7.04% Yield
  • Three/Four Bedroom Semi-Detached Home
  • One/Two Reception Rooms
  • Downstairs W/C
  • Decent Sized Rear Garden
  • Gated Driveway
  • No Chain
  • Prime Location Close to Town Centre & Train Station

Property description



Stop the press...fantastic HMO investment with 7.04% yield! Attention investors only...Are you tired of having savings lodged in an account that does not appreciate as much as you would like? Are you an Investor on the lookout for the next big yield and another property to add to your portfolio or perhaps you are just starting out. Do not pass this opportunity by.

This double fronted, spacious, three/four-bedroom semi-detached property is currently let to students occupying a total of four rooms. The current owner also has a signed contract with next year’s students through a reputable Student Letting Agency, is HMO certified and furniture will be included, all initial work has been done for you so you can take ownership and income from the outset.

Located in a prime residential area being within walking distance to Leamington Spa town centre, train station and recreation parks and gardens. The property is being sold with no onward chain.

Approached via a gated and hedged block paved driveway to front entrance door opening into entrance hallway. Stairs rise straight ahead, and doors lead off to: On the left you enter the fourth bedroom which would formerly be the living room. This is a generous sized room and as boasts dual aspect so the light floods in. Back into the hallway and off to the right you enter the ‘now’ living room, formerly the dining room. Carrying on into the breakfast kitchen being located on the rear of the property.

The breakfast kitchen is fitted with a range of beech effect wall and base mounted units, complementary work surfaces over. The sink is positioned beneath the window so you can overlook the rear garden, electric oven with gas hob above, space and plumbing for washing machine, space for fridge freezer. A door opens into:

The inner lobby, giving access to the downstairs W/C, built in storage cupboard which houses the boiler and a rear door leading out the side of the property accessing the rear garden.

Heading upstairs the master bedroom boasts the same enviable dual aspect and size of the fourth bedroom beneath and has a walk-in wardrobe which aids in keeping the room decluttered. There is a further decent double bedroom and a good-sized single bedroom located on the rear.

The family bathroom is fitted with a three-piece white suite comprising bath with electric shower over. Although fully functioning the bathroom would benefit with having a facelift.

Outside to the front of the property there is a block paved gated driveway. To the rear the garden is a fantastic size mainly laid to lawn with a patio area where you can kick back and relax with friends enjoying a BBQ in the hotter months.

Agents Note: The property has recently had new windows fitted; therefore the EPC energy rating will now be rated higher.

EPC Rating: D

Living Room / Bedroom Four (4.55m x 3.31m)

Dining Room (3.56m x 2.93m)

Breakfast Kitchen (2.79m x 3.00m)

Master Bedroom (4.55m x 3.31m)

Bedroom Two (3.59m x 2.93m)

Bedroom Three (2.85m x 2.44m)

Parking - Driveway

Property info

Floorplan(s): Floorplan 1

View original

Property value data/graphs for CV31

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £478,475 £291 3.7 £504,723
Semi-detached £331,895 £287 3.1 £318,794
Terraced £291,219 £297 2.8 £294,784
Flats £285,520 £304 1.9 £213,553

Current asking prices in CV31

Average: £423,696
Avg. current asking prices in CV31
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £193,750
(2)
£275,909
(11)
£366,914
(18)
£565,000
(9)
£921,667
(6)
Flats £154,389
(9)
£238,750
(8)
£160,000
(1)
- -
All £161,545
(11)
£260,263
(19)
£356,024
(19)
£565,000
(9)
£921,667
(6)

Current asking rents in CV31

Average: £1,648 pcm
Avg. current asking prices in CV31
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £722 pcm
(11)
£1,300 pcm
(5)
£1,718 pcm
(10)
£1,708 pcm
(16)
£2,353 pcm
(13)
Flats £717 pcm
(26)
£1,274 pcm
(15)
£1,359 pcm
(4)
£1,792 pcm
(5)
£3,000 pcm
(3)
All £718 pcm
(37)
£1,280 pcm
(20)
£1,615 pcm
(14)
£1,728 pcm
(21)
£2,474 pcm
(16)

Fun facts for CV31

Highest value in CV31
Highest value streets Zed-Index
Eastnor Grove £1,140,109
Willes Terrace £878,664
Offchurch Lane £751,342
Wilkes Drive £708,944
Archery Road £705,134
Highest turnover in CV31
Highest turnover streets Turnover
Anglia Gardens 50.0%
Hemmings Close 50.0%
Badgers Retreat 48.3%
Gundry Close 41.7%
Bonniksen Close 40.0%
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For more information about this property, please contact
Natalie Christopher Estate Agents, CV35 on +44 1926 267551 * (local rate)

Monthly running costs Beta

£1,272 Monthly total

Mortgage

Purchase price
Deposit (10%) 30,000
Repayment term 25
Interest rate 2.0
Your payment £1,144 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £80,000 Average insurance cost £10/mo (£116/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £32 Electricity £52 Estimated energy cost £84/mo

Similar properties could save up to £203

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 14100 kWh/year
Electricity: 3800 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £19 Sewerage £15 Estimated water cost £34 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Natalie Christopher Estate Agents about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Natalie Christopher Estate Agents, and do not constitute property particulars. Please contact Natalie Christopher Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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