Blenheim Court, Leicester.
A former public house known as The Spread Eagle in Leicester City Centre is now a landmark building within the LE1 postcode, thanks to Fitzwilliam Capital Partners. The redevelopment has seen 28 luxury two and three bedroom dwellings with an average unit size of 860sqft+. A five minute walk from the main train station and just two minutes from the main shops, restaurants and bars, these spacious apartments boast an award winning design with excellent attention to detail on external elevations. Each apartment is completely kitted out with brand name appliances, white goods and high gloss kitchens. Quality sanitary ware and flooring throughout each apartment come as standard.
*7% net rental assured for two years
Rental appraisals have exceeded investors’ expectations with yields exceeding 9%. During the build stage of Blenheim Court, local agents advised anticipated rentals for a typical two bedroom apartment would be £750pcm and for a three bedroom apartment, £850pcm. On completion, estate agents and tenants alike were stunned by the exceptional quality finish and also large living spaces resulting in rents exceeding expectation at £900pcm for a two bedroom apartment and a minimum of £1,000 for a three bedroom apartment. Fitzwilliam Capital Partners do not charge investors for their services.
A typical apartment with a RICS valuation of £160,000 was sold by Fitzwilliam Capital Partners to an investor for £145,000
Investor 25% deposit £36,250
Mortgage 75% £108,750
Monthly mortgage payments £446.45*
Monthly income £1,000
Cash positive £553pcm/£6,642per annum
23% ROI (return on investment on initial cash deposit)
*Source: Natwest interest only 75%LTV tracker until 31/12/2017
Clients of Fitzwilliam Capital Partners were also offered an assured rental payment of 7% Net of all costs for a period of two years should they wish to opt for this secure investment proposal.
The above financial is for illustrative purposes only. Fitzwilliam Capital is not FCA/authorised by the financial ombudsman.
Located on Charles Street in Leicester city centre, Blenheim Court is situated in the perfect location for Leicester’s growing post graduate and young professional market. The development is less than 750m from both the University Hospital and De Montfort University as well as being only 400m from the main shopping district. Leicester’s average rental values have increased by a huge 45% in the last 12 months. Fitzwilliam Capital Partners are delighted to have identified another outstanding development, in the UK’s rental hotspot.
Leicester LE1 1HA, United Kingdom