Property Details

2 bedroom apartment for sale For Sale

£170,000

ROI = 8% BMV = 22.04%

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Description

Dating back to 1891, Wheatsheaf Works was built for the Co-operative Wholesale Society. It was the largest footwear factory in the world at the time but the building was converted by Urban Rhythm Developments back in 2011 into 172 properties, ranging from one-bedroom to four-bedroom properties. The building has been reconfigured with excellent attention to detail including the use of ornate decorative brickwork, arched feature windows and high ceilings throughout the development.Offered with no upwards chain and positioned on the top floor of the iconic Grade ll listed Wheatsheaf Works Development, this stylishly appointed two-bedroom apartment has been meticulously re-designed with modern day living in mind. Accommodation, in brief, comprises a spacious entrance hall with a security intercom and storage cupboard, providing access to a bright and airy open plan dining/living/kitchen area. With two large VELUX skylights and four sets of double-glazed windows overlooking the communal grounds, allowing for a great source of natural light into the living area, the open space is beautifully presented throughout. The simple yet sophisticated kitchen includes an integrated electric oven and hob with concealed extractor fan, generous kitchen storage space and ample surface area which has been updated in recent months, finished in a dark-grey colour palette. A well appointed double bedroom includes VELUX skylights and built-in wardrobe space. A further double bedroom includes VELUX skylights and sufficient space for all necessary furniture including fitted wardrobes. A well presented, recently upgraded three-piece family bathroom completes the accommodation on offer. Outside the development includes a fantastic communal courtyard and entertaining area, available for residents to use throughout the year. The property also benefits from allocated underground car-parking for one vehicle, a huge benefit for this particular suburb. Offered with no upwards chain and priced competitively for an immediate sale.The property allows for an excellent step on the property ladder or alternatively a buy to let investment with a rental income of approximately £950-£975PCM.Service charge information (approximate)Ground rent: £150.00 per year.Service charge: £2340 per year.115 years remaining on the lease.Location:Knighton is a leafy suburb located approximately 10 minutes from Leicester city centre. With easy access to everyday amenities found along Queens Road and nearby Wigston town centre, alongside renowned local public and private schooling including nursery day-care. The adjoining combined suburbs of Stoneygate and Clarendon Park also offer a full range of local amenities including shopping for day-to-day and specialist boutique bars, restaurants and shops found along Queens Road, as well as shopping on Allandale Road and Francis Street. EPC Rating: C

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