Buy
£220,000
Residential
Investment Opportunity in Leicester
23 Meadvale Road, Knighton, Leicester, Leicestershire, LE1 6TH, United Kingdom
2 Beds
1 Baths
Property TypeResidential
TenureLeasehold
StatusActive
Floor Area—
Key Features
- Estimated Completion: March 2026
- Number of units: 58
- Expected Yield: Net Yield Circa 6.4%
- Lease: Length: 999 Years
- Service Charge: est. £2 psft
- Studios from £142,000
- One Beds from £143,000
- Two Beds from £197,384
About This Property
Prime location in Leicester, perfect for investors looking for a property in a thriving community. Benefit from strong demand in the rental market, with easy access to local amenities and public transport. Located at Meadvale Road, Knighton, this property promises capital appreciation and a steady rental income. As an investor, you'll appreciate the area's growth potential in Leicester's bustling property market, which features a diverse range of tenants from students to professionals. Close to Kibworth and Market Harborough, this property is strategically positioned for those looking to expand their portfolio in Leicestershire. With a team of experienced real estate agents available to manage the sale, buying this property is a seamless process from the initial viewing to the completion day. Home Property Sales & Lettings offers expert advice and exceptional service, ensuring you're well-informed at every step.
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Verified public data
LE1 6THProperty & area intelligence
Recorded facts for this postcode and, where an exact address match is available, this home.
Nearby essentials
Straight-line distances from the mapped property location.
Transport
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Rental enquiry
Running-Costs Calculator
Estimate key household costs such as gas, electricity, water, and council tax alongside the mortgage tools.
Estimated running costs£404 / mo
Annual running costs£4,848 / yr
Indicative monthly estimate only. Edit the figures with known supplier rates, EPC details, council band, or actual bills before making a rental decision.
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Live indicative rates, repayment versus interest-only, and an affordability estimate built into the listing.
Your mortgage
Loan £176,000LTV 80.0% (band 80%)
Monthly payment
Repayment£587per month for 25 years
Interest only£0capital still owed at end of term
Total interest£0
Total repaid£176,000
First 10 years of repayment breakdown
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | £7,040 | £0 | £168,960 |
| 2 | £7,040 | £0 | £161,920 |
| 3 | £7,040 | £0 | £154,880 |
| 4 | £7,040 | £0 | £147,840 |
| 5 | £7,040 | £0 | £140,800 |
| 6 | £7,040 | £0 | £133,760 |
| 7 | £7,040 | £0 | £126,720 |
| 8 | £7,040 | £0 | £119,680 |
| 9 | £7,040 | £0 | £112,640 |
| 10 | £7,040 | £0 | £105,600 |
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