1 bedroom flat for sale

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1 bedroom flat for sale

Hall Drive, Melton Mowbray, Leicestershire, LE14
£85,500

Price History

Initial price £115,000
31/07/24 £100,000
06/08/24 £96,000
14/08/24 £90,000
22/08/24 £88,000
30/08/24 £86,000
22/09/24 £84,000
26/09/24 £82,000
02/10/24 £80,000
09/10/24 £87,500
16/10/24 £85,500
24/10/24 £83,500
30/10/24 £81,500
06/11/24 £79,500
13/11/24 £87,500
20/11/24 £85,500
Price Change -25.65%

Description

This 1-bedroom flat in Melton Mowbray offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a range of amenities, including a roof terrace, communal garden grounds, and parking area. Currently, the property produces an annual gross income of £6,000, which has the potential to increase to £7,980 with long-term tenants already in situ. The tenants, who have been in the property for several years, have consistently paid their rent on time and have no intention of moving out, making it an attractive option for investors seeking a stable and lucrative return on their investment.