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Studio flat for sale
Flat 311, Tudor Studios, Tudor Road, Leicester LE3 5HU
£11,000
Flat 311, Tudor Studios, Tudor Road, Leicester LE3 5HU
£11,000
Our Summary
- For sale on 28 August 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of 1
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 28
Description
This purpose-designed student apartment is located in a well-facilitated development, offering a fully hands-off investment opportunity with a single letting company managing the block. The property is currently let at approximately £130 per week over a 51-week year, with fees for utilities, communal areas, and management deducted directly. The block features a communal gym, games room, kitchen, laundry, and landscaped courtyard gardens. The property is well-placed for easy access to DeMontfort University, the city center, and Narborough Road bars and restaurants. The lease has 240 years remaining, with a service charge of approximately £2150 per annum and ground rent of £850 per annum. The property is being sold through an online auction event, with bidding available by proxy, online, or by phone. A 10% deposit and non-refundable auctioneer's fee of 1.2% of the purchase price will apply, with a minimum deposit of £5,000 and buyer's fee of £1,500 inc. VAT.