Guide price£185,000
Added > 14 days
3 bedroom apartment for sale
Dyersgate, 8 Bath Lane, Leicester
0116 484 9548
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Apartment
3 bed
bath
EPC rating: D*
Key information
Tenure: Freehold
Council tax: Band E
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Property description & features
- Tenure: Freehold
- Cash Buyers Only
- 3 Bedrooms
- Gated Parking
- Duplex Apartment
- 2 Balconies
- Close to LRI
- City Centre Location
- Large Balcony
- The property is a council tax band: E
CASH BUYERS ONLY FOR THIS FANTASTIC Executive FURNISHED 3 Bedroom Duplex PENTHOUSE apartment on the highly popular WESTBRIDGE WHARF development has come available for YOU to move into. The property is situated on the edge of the City Centre overlooking the Grand Union Canal allowing you to enjoy city life without having to live in the middle of it. The apartment also offers large balcony.
The property benefits from secure communal entrance doors, entrance hall, large open plan living and kitchen area, comprising of granite worktops, hob and electric oven, extractor fan, fridge/freezer, dishwasher and washer dryer machine, a large balcony, a double bedroom with en-suite, two further double bedrooms and bathroom. The property also offers real wooden, carpeted and tiled flooring, electric heating, full double glazing, gated parking for 1 car.
The Apartment is ideal for people who are looking for easy commuting to the City Centre, Leicester University, De Montfort University as well as the Leicester Royal Infirmary Hospital, fosse park shopping centre and Local Shops, bars and restaurants.
Entrance Hall - Front door, ceiling light points, video phone entry, electric heater, wooden flooring, storage cupboard, doors leading to open plan living area, WC, bedroom 3 and stairs to first floor.
W/C - Ceiling spot lights, towel heater, tiled flooring, extractor fan, two piece suite, comprising of pedestal wash hand basin and low level flush toilet.
Open Plan Living Area - Lounge Area: Ceiling light points, vaulted ceiling, electric heater, TV media and telephone points, wooden flooring and 2 double glazed windows.
Kitchen Area: Ceiling spot lights, fully fitted kitchen offering granite worktops, base and wall cupboards, stainless steel sink and drainer, hot and cold mixer tap over, electric hob, electric oven and extractor fan, integrated fridge/freezer, dishwasher, washer/dryer machine, tiled flooring, double glazed window and door leading to the large balcony.
Bedroom 3 - Ceiling light point, electric heater, double glazed window, TV point, carpeted flooring and door leading to balcony.
Stairs And Landing To 1st Floor - Ceiling light points, carpeted flooring, storage cupboard, doors leading to Bedroom 1, 2 & bathroom.
Bedroom 1 - Ceiling light points, electric heater, double glazed windows, carpeted flooring, TV points and door leading to en-suite bathroom.
En-Suite Bathroom - Ceiling spot lights, towel radiator, tiled flooring, extractor fan, shaving point, 3 piece bathroom suite, comprising of pedestal wash hand basins, low level flush toilet and 'P' shaped bath with shower over.
Bedroom 2 - Ceiling light point, electric heater, double glazed window, TV points and carpeted flooring.
Bathroom - Ceiling spot lights, towel radiator, tiled flooring, extractor fan, shaving point, 3 piece bathroom suite, comprising of pedestal wash hand basins, low level flush toilet and bath.
Externally - 2 balconies and Gated parking for 1 car.
Additional Property Information - Council Tax Band - E
EPC Rating: D
Tenure: Leasehold
The apartment is only Available as a CASH ONLY purchase hence the below market value for a property like this.
Purchase price - £185,000. The current value for the property if all works were completed would be £250,000 - £260,000.
That’s a massive £65,000 saving – MINIMUM
The property is currently rented out for £1400pcm until 1st January 2024, with this rental the rental yield works out to 7.78% return on the property before fees.
Service Charge
Current - April 2024 to April 2025 - £1649.48
Before works – April 2020 – September 2020 - £1190.14
Building insurance
Current – January 2024 – January 2025 - £3998.13
Before works -January 2020 – January 2021 - £384.99
Ground rent
£210 per year (This is reviewed every 10 years)
Lease 199 years from 2003
Building Information - AbbeyLS are selling several apartments in Dyersgate and Roman Wall, Bath Lane, Leicester on behalf of a very loyal landlord that we have been working with for several years and continuously renting out their apartments. Unfortunately, it has come to the time that the landlord is now looking to sell these apartments due to a few reasons, some personal and some financial.
As you may be aware that around 95% of apartments in the UK are having major works to them and are only available to purchase by CASH only.
We at Abbeyls wanted to make you aware of what is happening with the apartments we are advertising for sale so there will not be any confusion going forward and nothing is being hidden from you!
These apartments are available as a CASH ONLY PURCHASE, due to cladding at the top of the building & cavity wall insulation now not being to code. After a building inspection, this is now needing to be changed to comply with the new and current fire and cladding guidelines, following the Grenfell disaster.
There is a grant that has been applied for via the management company, but with this, there are terms and conditions which unfortunately the current owner of these apartments do not meet as they own several other apartments in the building and the grant is worked out via the square meter/footage that you own. This means that the current owner has over the allowed amount to cover all their apartments.
The building has had an upgrade on its fire alarm system which complies with the new guidelines for apartment blocks. This work was completed in 2021 which has made an impact on the service charge for 2021 and 2022 but we have been informed by the owner that this will be reduced in the future.
Do not be put off by the above information, I know there is a lot to take in, but we are here to help and assist you. We can help you understand all the benefits you will get out of these apartments, if you are looking to live in the apartment for yourself or you are looking to purchase the apartment for investment, let us show you how you can increase your money over the years by purchasing one of these apartments due to the amazing price being offered!!
Additional Information - Money Laundering - In line with current money laundering regulations, prospective buyers will be asked to provide us with photo I.D. (e.g. Passport, driving licence, bus pass etc) and proof of address (e.g. Current utility bill, bank statement etc). We ask for your cooperation in this matter as this information will be required before a sale can be agreed.
Agents Note - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. All services and appliances have not and will not be tested by Abbey Lettings & Sales. Lease details, service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. We retain the copyright in all advertising material used to market this Property.
Referrals - Abbey Lettings and Sales provide a range of services to our vendors and purchasers, although you are free to choose an alternative provider. We can refer you to Mortgage Advice Broker to help with finances, we may receive a referral fee if you take out a mortgage through them. If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers and we will receive a referral fee should you decide to use them to sell or purchase a property. We can also refer you to a surveyor and mortgage adviser and we will receive a referral fee should you use their services. If you require more information regarding our referral programmes, please ask at our office.
Free Property Valuations! - If you have a house to sell then we would love to provide you with a free no obligation valuation.
The property benefits from secure communal entrance doors, entrance hall, large open plan living and kitchen area, comprising of granite worktops, hob and electric oven, extractor fan, fridge/freezer, dishwasher and washer dryer machine, a large balcony, a double bedroom with en-suite, two further double bedrooms and bathroom. The property also offers real wooden, carpeted and tiled flooring, electric heating, full double glazing, gated parking for 1 car.
The Apartment is ideal for people who are looking for easy commuting to the City Centre, Leicester University, De Montfort University as well as the Leicester Royal Infirmary Hospital, fosse park shopping centre and Local Shops, bars and restaurants.
Entrance Hall - Front door, ceiling light points, video phone entry, electric heater, wooden flooring, storage cupboard, doors leading to open plan living area, WC, bedroom 3 and stairs to first floor.
W/C - Ceiling spot lights, towel heater, tiled flooring, extractor fan, two piece suite, comprising of pedestal wash hand basin and low level flush toilet.
Open Plan Living Area - Lounge Area: Ceiling light points, vaulted ceiling, electric heater, TV media and telephone points, wooden flooring and 2 double glazed windows.
Kitchen Area: Ceiling spot lights, fully fitted kitchen offering granite worktops, base and wall cupboards, stainless steel sink and drainer, hot and cold mixer tap over, electric hob, electric oven and extractor fan, integrated fridge/freezer, dishwasher, washer/dryer machine, tiled flooring, double glazed window and door leading to the large balcony.
Bedroom 3 - Ceiling light point, electric heater, double glazed window, TV point, carpeted flooring and door leading to balcony.
Stairs And Landing To 1st Floor - Ceiling light points, carpeted flooring, storage cupboard, doors leading to Bedroom 1, 2 & bathroom.
Bedroom 1 - Ceiling light points, electric heater, double glazed windows, carpeted flooring, TV points and door leading to en-suite bathroom.
En-Suite Bathroom - Ceiling spot lights, towel radiator, tiled flooring, extractor fan, shaving point, 3 piece bathroom suite, comprising of pedestal wash hand basins, low level flush toilet and 'P' shaped bath with shower over.
Bedroom 2 - Ceiling light point, electric heater, double glazed window, TV points and carpeted flooring.
Bathroom - Ceiling spot lights, towel radiator, tiled flooring, extractor fan, shaving point, 3 piece bathroom suite, comprising of pedestal wash hand basins, low level flush toilet and bath.
Externally - 2 balconies and Gated parking for 1 car.
Additional Property Information - Council Tax Band - E
EPC Rating: D
Tenure: Leasehold
The apartment is only Available as a CASH ONLY purchase hence the below market value for a property like this.
Purchase price - £185,000. The current value for the property if all works were completed would be £250,000 - £260,000.
That’s a massive £65,000 saving – MINIMUM
The property is currently rented out for £1400pcm until 1st January 2024, with this rental the rental yield works out to 7.78% return on the property before fees.
Service Charge
Current - April 2024 to April 2025 - £1649.48
Before works – April 2020 – September 2020 - £1190.14
Building insurance
Current – January 2024 – January 2025 - £3998.13
Before works -January 2020 – January 2021 - £384.99
Ground rent
£210 per year (This is reviewed every 10 years)
Lease 199 years from 2003
Building Information - AbbeyLS are selling several apartments in Dyersgate and Roman Wall, Bath Lane, Leicester on behalf of a very loyal landlord that we have been working with for several years and continuously renting out their apartments. Unfortunately, it has come to the time that the landlord is now looking to sell these apartments due to a few reasons, some personal and some financial.
As you may be aware that around 95% of apartments in the UK are having major works to them and are only available to purchase by CASH only.
We at Abbeyls wanted to make you aware of what is happening with the apartments we are advertising for sale so there will not be any confusion going forward and nothing is being hidden from you!
These apartments are available as a CASH ONLY PURCHASE, due to cladding at the top of the building & cavity wall insulation now not being to code. After a building inspection, this is now needing to be changed to comply with the new and current fire and cladding guidelines, following the Grenfell disaster.
There is a grant that has been applied for via the management company, but with this, there are terms and conditions which unfortunately the current owner of these apartments do not meet as they own several other apartments in the building and the grant is worked out via the square meter/footage that you own. This means that the current owner has over the allowed amount to cover all their apartments.
The building has had an upgrade on its fire alarm system which complies with the new guidelines for apartment blocks. This work was completed in 2021 which has made an impact on the service charge for 2021 and 2022 but we have been informed by the owner that this will be reduced in the future.
Do not be put off by the above information, I know there is a lot to take in, but we are here to help and assist you. We can help you understand all the benefits you will get out of these apartments, if you are looking to live in the apartment for yourself or you are looking to purchase the apartment for investment, let us show you how you can increase your money over the years by purchasing one of these apartments due to the amazing price being offered!!
Additional Information - Money Laundering - In line with current money laundering regulations, prospective buyers will be asked to provide us with photo I.D. (e.g. Passport, driving licence, bus pass etc) and proof of address (e.g. Current utility bill, bank statement etc). We ask for your cooperation in this matter as this information will be required before a sale can be agreed.
Agents Note - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. All services and appliances have not and will not be tested by Abbey Lettings & Sales. Lease details, service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. We retain the copyright in all advertising material used to market this Property.
Referrals - Abbey Lettings and Sales provide a range of services to our vendors and purchasers, although you are free to choose an alternative provider. We can refer you to Mortgage Advice Broker to help with finances, we may receive a referral fee if you take out a mortgage through them. If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers and we will receive a referral fee should you decide to use them to sell or purchase a property. We can also refer you to a surveyor and mortgage adviser and we will receive a referral fee should you use their services. If you require more information regarding our referral programmes, please ask at our office.
Free Property Valuations! - If you have a house to sell then we would love to provide you with a free no obligation valuation.
Property information from this agent
Places of interest
We are progressive, dynamic, exceptional in everything we do. We possess a strong desire to serve our clients through providing excellent independent estate agency and lettings services. Due to this we are also proud double Gold award winners of the British Properties Awards. Experts in the local area and an integral part of the community we serve, we have built a strong reputation with our customers and are recognised in the locality for our transparent, caring, client-centered approach, our reputable, friendly teams and our outstanding successes. We are upheld as professionals who get results and as a consequence our business continues to thrive. We always try to “Go the extra mile” for our clients, and it is this and all the above that sets us apart from other agents. If you want the best agent in your area, then look no further. Whether you are selling or buying, a landlord seeking responsible, quality tenants, or a tenant searching for a home, we are here to help. Our experienced, professional, and friendly staff, combined with extensive local knowledge ensure that we provide a service which is second to none. A forward looking business based on traditional values, we always strive to be at the forefront of the property letting market, and invest much time and effort in ensuring that we are fully up to date with ever changing tenancy law and government legislation. Together with our attention to detail and conscientious attitude we have the experience, resources and skills to deliver the kind of services that landlords and tenants require. Details of some of the properties currently on our books can be found on this website, together with essential information for all clients, and a description of our services. If you require any further information or advice please do not hesitate to contact us. We look forward to hearing from you. Contact Us now.
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*DISCLAIMER
Property reference 31701385. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Abbey Lettings & Sales - Leicester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 24, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 24, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 4, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.