Ulverscroft Road, Loughborough

For Sale by Public Auction.

An excellent opportunity to acquire a three bedroom detached bungalow, situated within this quiet and popular residential area of Loughborough.

The property offers well-proportioned accommodation throughout and, having previously been occupied as a rental property, is generally maintained in usable condition, whilst offering scope for minor renovations and modernisation to suit individual requirements.

The accommodation comprises an entrance porch leading into a central hallway, three bedrooms, shower room and a particularly spacious L-shaped living/dining kitchen area. The property also benefits from a conservatory overlooking the mature rear garden.

Externally, the property is approached via a front garden and block-paved driveway providing parking for several vehicles, leading to a gated car port. To the rear is a good-sized, mature garden offering a pleasant degree of privacy, together with a useful shed.

Following minor renovations, the property is anticipated to achieve a rental income of approximately £1,400 per calendar month, equating to an indicative gross rental yield of approximately 8.4% based on the £200,000 auction guide price. This figure is provided for guidance only and does not take into account any refurbishment costs, finance, management, maintenance, void periods or other associated expenses.

The property is considered suitable for a range of buyers, including owner-occupiers seeking a detached bungalow in a popular residential location and investors looking for a rental opportunity with scope for future enhancement.

There may also be potential to utilise the loft space, subject to the necessary planning consents and any required building regulations approval.