Guide price£495,000
Added > 14 days
10 bedroom end of terrace house for sale
132/134 Lancaster Street, Leicester, Leicestershire, LE5 4GB
Virtual tour
Auction
Study
0161 506 5453
Call
Save
Share
End of terrace house
10 bed
bath
Key information
Tenure: Freehold
Council tax: Band B
Mobile signal:
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Property description & features
- Tenure: Freehold
- 5 Bed Residential Property
- 2000 Sqft Commercial Unit
- additional 5 Bed Residential Apartment
Extensive development opportunity 5 bed Residential Property with Additional 2000SQFT commercial unit and 5 bed apartment.
Guide Price: 495,000+
For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:35.
Property portfolio approximately 4000SQFT. Lancaster Street presents itself as a well proposed investment opportunity, with substantially high rental returns.
UK Property Auctions are excited to bring to the auction this extensive development opportunity 5 bed Residential Property with Additional 2000SFT commercial unit and 5 bed apartment.
Property Particulars
Well presented 5 bed property and additional 2000 SQFT commercial building with 5 bed apartment above. This property has huge development potential with the current potential income of approx. £5000 PCM
EXTERIOR FRONT
Previously two separate properties this has now been converted to a single dwelling. Property benefits from roadside access, The property have UPVC doubled glazed windows and composite door.
ACCOMODATION
GROUND FLOOR
Entrance Hall -
A large open plan entrance hall leads through to Reception room, Utility room, Kitchen and 2nd Reception room/ Bedroom 1
Inner Hallway - (2.12m x 7.66m) approx
This spacious area benefits from wooden flooring throughout, Patio doors leading out to rear yard and commercial unit.
Reception room 1 - (3.20m X 9.16m) approx
This spacious reception room benefits from dual aspect windows, Feature lighting and wooden flooring throughout, A door leads through to the utility room,
Utility Room - ( 1.44m X 1.74) approx
A well formed utility room with worktop space and sink. The combi boiler for the property has been placed here to maximise space in the kitchen.
Reception room 2 / 5th Bedroom - (2.90m X 3.24m) approx
Currently utilised as a bedroom this room benefits from fitted storage cupboards and wooden flooring throughout.
Kitchen - (3.25m x 6.39m) approx
A Newly fitted kitchen with an abundance of worktop space. A range of base and wall units. Integrated oven and hob with cooker hood. A dual sink with mixer tap. A fitted breakfast bar adds additional seating space. Stairs to the first floor lead from the rea of the kitchen.
FIRST FLOOR
Landing - (0.77m X 4.44m) approx
Upper landing leads on to 4 bedrooms and a family bathroom
Bedroom 1 - (3.22m x 2.54) approx
the room benefits from fitted storage units and draws to maximise floor space. A large window allows for lots of natural light,
Bedroom 2 - (3.22m x 3.30m) approx
The room benefits from a fitted storage cupboard and carpeted throughout. A good size UPVC window.
Bedroom 3 - (6.20m x 2.60m) approx
This extensive bedroom spans the length of the property. With fitted wardrobes and dressing area this bedroom makes an excellent master bedroom, However this could easily be split into two bedrooms if the requirement for 6 rooms was required.
En-Suite - (3.17m x 1.15m) approx
Bedroom three benefits from a fully fitted shower room, tiled throughout with a double shower, White Pedestal sink and White W/C
Bedroom 4 - (3.28m x 2.14m) approx
A good sized bedroom, would be perfect for a home office or smaller bedroom
Family Bathroom - (3.30m x 2.06m) approx
A larger than average family bathroom comprises of white W/C, freestanding Sink, Bath with electric shower. Heated towel rail and bathroom cabinet. The room benefits from ceramic tiled floors with part tiled walls.
EXTERIOR REAR
Property benefits from a rear yard leading through to the rear commercial unit.
COMMERCIAL UNIT
GROUND FLOOR
A 2000 SQFT Commercial unit with wooden flooring throughout could be used for variety of uses, the potential to convert the ground floor to living accommodation if required could be possible subject to obtaining the necessary planning consents.
FIRST FLOOR
Landing leads through to a Lounge, Kitchen, Bathroom and 5 bedrooms
Kitchen - (3.04m x 2.54m) approx
A spacious fully fitted kitchen with integrated double oven, hob and cooker hood. A wide range of wall and base units provides an abundance of storage. A breakfast bar adds additional seating space.
Lounge - ( 4.42m x 4.17m) approx
Open plan lounge / dining area with built in storage and gas fire. wooden flooring throughout.
Bathroom 1 - (0.89m x 1.50m) approx
Room comprises of a white pedestal sink and w/c. Tiled walls and wooden flooring throughout
Bedroom 1 - (3.35m x 2.42m) approx
Light and spacious room with UPVC window and wooden flooring.
Bedroom 2 -(2.25m x 3.64) approx
A good sized room with fitted storage cupboards, UPVC Window and wooden flooring.
Bedroom 3 - (2.37m x 3.52m) approx
A good sized room with fitted storage cupboards, UPVC Window and wooden flooring.
Bedroom 4 - (2.64m x 3.39m) approx
A good sized room at the rear of the building with UPVC Window and wooden flooring.
Bedroom 5 - (2.30m x 3.79m) approx
A spacious room with fitted storage cupboards, UPVC Window and wooden flooring.
Bathroom 2 - (1.60m x 1.89m) approx
Fully fitted bathroom with corner bath with shower over. W/C and white pedestal sink.
TENURE
Freehold
INCOME - This property has huge development potential, subject to obtaining the necessary planning consents the property could be converted into a HMO, Flats or commercial space with accommodation above,
Residential Property. - The property as a 5 bed property as it stands could rent for approximately £1350 PCM if you utilised the rooms aa 5 bed HMO the rooms have the potential to rent for £300 - £400 per room with the achieving income being in excess of £2000 per month.
Commercial Unit - The commercial space as it stands could easily achieve a rental income in excess of £1000 PCM. The accommodation above as it stands a 5 bedroom flat could achieve in excess of £1400 PCM or if split to be utilised as a HMO the rental income could achieve in excess of £2000 PCM
This property has huge development potential and must be viewed to appreciate the space available.
LOCATION
Located in a popular residential area in Leicester the property benefits from being within close proximity to all local amenities. Leicester Rail station is 1.19 miles away with direct transport links to London.
Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.
General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.
Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Guide Price: 495,000+
For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:35.
Property portfolio approximately 4000SQFT. Lancaster Street presents itself as a well proposed investment opportunity, with substantially high rental returns.
UK Property Auctions are excited to bring to the auction this extensive development opportunity 5 bed Residential Property with Additional 2000SFT commercial unit and 5 bed apartment.
Property Particulars
Well presented 5 bed property and additional 2000 SQFT commercial building with 5 bed apartment above. This property has huge development potential with the current potential income of approx. £5000 PCM
EXTERIOR FRONT
Previously two separate properties this has now been converted to a single dwelling. Property benefits from roadside access, The property have UPVC doubled glazed windows and composite door.
ACCOMODATION
GROUND FLOOR
Entrance Hall -
A large open plan entrance hall leads through to Reception room, Utility room, Kitchen and 2nd Reception room/ Bedroom 1
Inner Hallway - (2.12m x 7.66m) approx
This spacious area benefits from wooden flooring throughout, Patio doors leading out to rear yard and commercial unit.
Reception room 1 - (3.20m X 9.16m) approx
This spacious reception room benefits from dual aspect windows, Feature lighting and wooden flooring throughout, A door leads through to the utility room,
Utility Room - ( 1.44m X 1.74) approx
A well formed utility room with worktop space and sink. The combi boiler for the property has been placed here to maximise space in the kitchen.
Reception room 2 / 5th Bedroom - (2.90m X 3.24m) approx
Currently utilised as a bedroom this room benefits from fitted storage cupboards and wooden flooring throughout.
Kitchen - (3.25m x 6.39m) approx
A Newly fitted kitchen with an abundance of worktop space. A range of base and wall units. Integrated oven and hob with cooker hood. A dual sink with mixer tap. A fitted breakfast bar adds additional seating space. Stairs to the first floor lead from the rea of the kitchen.
FIRST FLOOR
Landing - (0.77m X 4.44m) approx
Upper landing leads on to 4 bedrooms and a family bathroom
Bedroom 1 - (3.22m x 2.54) approx
the room benefits from fitted storage units and draws to maximise floor space. A large window allows for lots of natural light,
Bedroom 2 - (3.22m x 3.30m) approx
The room benefits from a fitted storage cupboard and carpeted throughout. A good size UPVC window.
Bedroom 3 - (6.20m x 2.60m) approx
This extensive bedroom spans the length of the property. With fitted wardrobes and dressing area this bedroom makes an excellent master bedroom, However this could easily be split into two bedrooms if the requirement for 6 rooms was required.
En-Suite - (3.17m x 1.15m) approx
Bedroom three benefits from a fully fitted shower room, tiled throughout with a double shower, White Pedestal sink and White W/C
Bedroom 4 - (3.28m x 2.14m) approx
A good sized bedroom, would be perfect for a home office or smaller bedroom
Family Bathroom - (3.30m x 2.06m) approx
A larger than average family bathroom comprises of white W/C, freestanding Sink, Bath with electric shower. Heated towel rail and bathroom cabinet. The room benefits from ceramic tiled floors with part tiled walls.
EXTERIOR REAR
Property benefits from a rear yard leading through to the rear commercial unit.
COMMERCIAL UNIT
GROUND FLOOR
A 2000 SQFT Commercial unit with wooden flooring throughout could be used for variety of uses, the potential to convert the ground floor to living accommodation if required could be possible subject to obtaining the necessary planning consents.
FIRST FLOOR
Landing leads through to a Lounge, Kitchen, Bathroom and 5 bedrooms
Kitchen - (3.04m x 2.54m) approx
A spacious fully fitted kitchen with integrated double oven, hob and cooker hood. A wide range of wall and base units provides an abundance of storage. A breakfast bar adds additional seating space.
Lounge - ( 4.42m x 4.17m) approx
Open plan lounge / dining area with built in storage and gas fire. wooden flooring throughout.
Bathroom 1 - (0.89m x 1.50m) approx
Room comprises of a white pedestal sink and w/c. Tiled walls and wooden flooring throughout
Bedroom 1 - (3.35m x 2.42m) approx
Light and spacious room with UPVC window and wooden flooring.
Bedroom 2 -(2.25m x 3.64) approx
A good sized room with fitted storage cupboards, UPVC Window and wooden flooring.
Bedroom 3 - (2.37m x 3.52m) approx
A good sized room with fitted storage cupboards, UPVC Window and wooden flooring.
Bedroom 4 - (2.64m x 3.39m) approx
A good sized room at the rear of the building with UPVC Window and wooden flooring.
Bedroom 5 - (2.30m x 3.79m) approx
A spacious room with fitted storage cupboards, UPVC Window and wooden flooring.
Bathroom 2 - (1.60m x 1.89m) approx
Fully fitted bathroom with corner bath with shower over. W/C and white pedestal sink.
TENURE
Freehold
INCOME - This property has huge development potential, subject to obtaining the necessary planning consents the property could be converted into a HMO, Flats or commercial space with accommodation above,
Residential Property. - The property as a 5 bed property as it stands could rent for approximately £1350 PCM if you utilised the rooms aa 5 bed HMO the rooms have the potential to rent for £300 - £400 per room with the achieving income being in excess of £2000 per month.
Commercial Unit - The commercial space as it stands could easily achieve a rental income in excess of £1000 PCM. The accommodation above as it stands a 5 bedroom flat could achieve in excess of £1400 PCM or if split to be utilised as a HMO the rental income could achieve in excess of £2000 PCM
This property has huge development potential and must be viewed to appreciate the space available.
LOCATION
Located in a popular residential area in Leicester the property benefits from being within close proximity to all local amenities. Leicester Rail station is 1.19 miles away with direct transport links to London.
Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.
General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.
Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Places of interest
UK Property Auctions are specialised national property auctioneers in UK, who handle sales throughout the year on a broad selection of residential homes and commercial property, land, Mobile homes, Boats and investments. We are different from national auction houses and small family- run businesses in that we are an independent, with our main focus as local, regional and National experts, covering the whole of UK. Clients’ range from private individuals, investors, trustees, solicitors, housing associations, local authorities and charities to other highly regarded corporate organisations. We also often act in conjunction with residential and commercial estate and letting agents as ‘joint auctioneers’. UK Property Auctions offer decades of property, sales and marketing experience. We provide a comprehensive and transparent service to maximise property values within the competitive bidding environment of an auction room, by drawing upon buyers from across the UK and abroad. We provide other services in conjunction to Auctions, Sales, Lettings, Conveyancing, Free Legal Packs, Wills, Trusts & Probate, Finance and SDLT Rebates.
See more properties like this:
*DISCLAIMER
Property reference 204422. 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 UK Property Auctions - Melton Mowbray.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on August 10, 2022
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
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.