14 New Street, Earl Shilton, Leicester LE9 7FQ

Description

A traditionally constructed semi-detached house, offered for sale with the benefit of an ongoing tenancy at £525 pcm, due to increase on 1 January 2027 to £1,100 pcm (£13,200 per annum).

Accommodation

Entrance; Lounge; Dining Room; Kitchen; First Floor: Bedroom 1, Bedroom 2, Bedroom 3, Family Bathroom; Outside: Gardens.

Location

The property is situated on New Street, Earl Shildon, with access to the City of Leicester and local facilities and amenities. The A47 and M69 transport routes are easily accessible, providing access to the wider area including Coventry and Birmingham.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £115,000 to £185,250. The £185,250 sale is the most recent but dates from 2022; the evidence is limited and inconsistent. HB scenarios are set at £115,000 low, £150,000 base and £185,250 high, not formal valuations.

Investment Snapshot

Strategy Recommendation

Investigate as a tenanted BTL or BRRR opportunity, subject to verifying the rent increase, tenancy terms, condition, legal pack and all purchaser costs.

Works Required

No works are specified. Inspect condition, tenancy documents, legal title and required compliance works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £150,000 base GDV, 75% refinance is £112,500. Against the £49,000 guide and known £3,600 admin charge, this appears potentially cash-generative before refurbishment, finance, tax and unknown disbursements. Total project cost cannot be established because works and other charges are unsupported.

Buy-to-Let Analysis

The property is currently let at £525 pcm, stated to increase to £1,100 pcm from 1 January 2027. The future stated rent produces a 26.94% gross yield on the £49,000 guide, before fees and costs. Rental listings range from £795 to £1,650 pcm, but these are asking rents and not achieved rents.

Flip Analysis

A flip assessment cannot be reliably completed because no refurbishment allowance or selling-cost allowance is supplied. The base GDV is evidence-led but uncertain due to limited and dated comparable sales.

Investor Risks & Due Diligence

• The stated increase to £1,100 pcm must be verified in the tenancy agreement and may not be enforceable.

• The property is subject to an existing tenancy, limiting vacant possession and inspection certainty.

• Buyer disbursements, searches, legal fees, transfer fees and any seller-cost reimbursement are unspecified.

• Comparable sales are limited, dated and show a wide value range.

• Rental listings are advertised asking rents rather than achieved rents.

• No property condition or refurbishment cost evidence is supplied.

Recommendation

Investigate as a tenanted BTL or BRRR opportunity, subject to verifying the rent increase, tenancy terms, condition, legal pack and all purchaser costs.

Strategy Rating

Analysis Confidence

The guide, tenancy rent, future rent, tenure and several completed sales are supplied, but condition, refurbishment costs, legal-pack charges and achieved rental evidence are incomplete.