Dyersgate, 8 Bath Lane, Leicester
By Abbey Lettings & Sales
£ 195,000
Abbey Lettings & Sales says ..
A FANTASTIC PENTHOUSE apartment which has 2 Double Bedrooms on the highly popular WESTBRIDGE WHARF development has come available. The property is situated on the edge of the City Centre overlooking the Grand Union Canal allowing you to enjoy city life without having to live in the middle of it. The apartment also offers great views over the canal. <br /><br />The property benefits from secure communal entrance doors, entrance hall, a very LARGE open plan living and kitchen area, study, a large balcony, master double bedroom with 2 LARGE WALKING WARDROBES, a further double bedroom, and 2 bathrooms. The property also offers real wooden, carpeted, and tiled flooring, electric heating, full double glazing with gated parking.<br /><br />The apartment is only Available as a CASH ONLY purchase hence the below market value for a property like this.<br /><br /><b>Entrance Hall</b> - <br /><br /><b>Open Plan Living Area</b> - 8.08m x 3.81m (26'6" x 12'5") - Comprises of Living area, Dining area with french doors leading to balcony. A kitchen area that is fully fitted with integrated appliances.<br /><br /><b>Study Area</b> - 2.97m x 1.83m (9'9 x 6) - <br /><br /><b>Shower Room</b> - Three-piece suite, comprising of shower cubical, pedestal wash hand basin, and low-level flush toilet.<br /><br /><b>Stairs And Landing</b> - Doors leading to Bedroom 1, 2, and fire exit. There is also a large built-in storage cupboard.<br /><br /><b>Bedroom 1</b> - 3.89m x 3.43m (12'9 x 11'3) - <br /><br /><b>Bedroom 2</b> - 4.09m x 6.02m (13'5 x 19'9) - <br /><br /><b>Bathroom</b> - 2.77m x 2.72m (9'1 x 8'11) - Four-piece suite, comprising of a double shower cubical, pedestal wash hand basin, and low-level flush toilet and bath.<br /><br /><b>External</b> - Gated parking and large balcony.<br /><br /><b>Additional Information</b> - Council Tax - F<br /><br />The apartment is only Available as a CASH ONLY purchase hence the below market value for a property like this.<br /><br />Purchase price - £195,000. The current value for the property if all works were completed would be £250,000 - £260,000. <br /><br />That’s a massive £55,000 saving – MINIMUM <br /><br />The property is currently being rented out on an Assured Short Hold Tenancy Agreement with a rental of £1,200pcm, with this rental the rental yield works out to 7.38% return on the property before fees.<br /><br />Service Charge - Current - October 2021 – March 2022 - £2,912.61<br />Before works – April 2020 – September 2021 - £1,289.77<br /><br />Building insurance - Current – January 2021 – January 2022 - £2,914.02<br />Before works -January 2020 – January 2021 - £419.54<br /><br />Ground rent - £210 per year (This is reviewed every 10 years)<br />Lease 199 years from 2003<br /><br /><b>Building Information</b> - AbbeyLS are selling several apartments in Dyersgate and Roman Wall, Bath Lane, Leicester on behalf of a very loyal landlord that we have been working with for several years and continuously renting out their apartments. Unfortunately, it has come to the time that the landlord is now looking to sell these apartments due to a few reasons, some personal and some financial. <br /><br />As you may be aware that around 95% of apartments in the UK are having major works to them and are only available to purchase by CASH only. <br /><br />We at Abbeyls wanted to make you aware of what is happening with the apartments we are advertising for sale so there will not be any confusion going forward and nothing is being hidden from you! <br /><br />These apartments are available as a CASH ONLY PURCHASE, due to cladding at the top of the building & cavity wall insulation now not being to code. After a building inspection, this is now needing to be changed to comply with the new and current fire and cladding guidelines, following the Grenfell disaster. <br /><br />There is a grant that has been applied for via the management company, but with this, there are terms and conditions which unfortunately the current owner of these apartments do not meet as they own several other apartments in the building and the grant is worked out via the square meter/footage that you own. This means that the current owner has over the allowed amount to cover all their apartments.<br /><br />The building has had an upgrade on its fire alarm system which complies with the new guidelines for apartment blocks. This work was completed in 2021 which has made an impact on the service charge for 2021 and 2022 but we have been informed by the owner that this will be reduced in the future. <br /><br />Do not be put off by the above information, I know there is a lot to take in, but we are here to help and assist you. We can help you understand all the benefits you will get out of these apartments, if you are looking to live in the apartment for yourself or you are looking to purchase the apartment for investment, let us show you how you can increase your money over the years by purchasing one of these apartments due to the amazing price being offered!!<br /><br />
- Bedrooms
- 2
- Bathrooms
- 2
![](/osm/tile/18/130239/85833.png)
![](/osm/tile/18/130239/85834.png)
![](/osm/tile/18/130238/85833.png)
![](/osm/tile/18/130240/85833.png)
![](/osm/tile/18/130238/85834.png)
![](/osm/tile/18/130240/85834.png)
![](/static/leaflet/images/marker-shadow.png)
![Marker](/static/leaflet/images/marker-icon-2x-red.png)
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Agent Activity
Abbey Lettings & Sales created the listing.