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Mon - Fri: 9:00am till 5:30pm
Sat: Viewings Only
Next Auction:27 March 2024
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FOR SALE BY AUCTION: Wednesday 18 May 2016 Commencing at 5:30pm

1 & 1a Erith Road, Aylestone, Leicester, LE2 7QA

Sold for £130,000.

Remote Bidding Auction

Auction to be streamed live on our website
Bidding via Internet | Telephone | Proxy
You will need to pre-register for remote bidding, the form can be downloaded from our website and found within our auction brochure. Please ensure you provide your identification and a complete remote bidding form no later than 24 hours prior to the auction. Please do not hesitate to contact us if you are unsure of the remote bidding process.


Freehold Residential Investment. Terrace property seperated to provide 2 x1 bedroom self contained flats. Ideal for rental investors.


The property can be approached leaving Leicester City Centre via the main A426 Aylestone Road. Continue for approximately 1 mile out of Leicester on the main Aylestone Road, turn right onto Boundary Road and left into Erith Road. The property provides easy access to Leicester City Centre, Leicester Royal Infirmary and De Montfort University. There is also excellent transport communications to the main M1 & M69 Motorway networks.


Ground Floor Flat:
Entrance door, kitchen, living room, bedroom, shower room.

First Floor Flat
Entrance door, stairs leading to flat, landing, lounge, kitchen, bedroom, bathroom.

Yard with parking area.


Freehold subject to existing tenancies.


The Auctioneers feel that there could be scope for uplift in rental to £475.00 per calendar month exclusive per flat (£11,400.00 per annum).
The completion date will be on or before eight weeks following exchange of contracts.


1 Erith Road - EPC Rating E
1a Erith Road - EPC Rating E

Flat Tenancy Rental Income Rental Income
(per annum)
Ground Floor Flat Let on an assured shorthold tenancy for a term of 6 months from 18th April 2016 £400.00 per calendar month exclusive £4,800.00 per annum
First Floor Flat Let on an assured shorthold tenancy for a term of 6 months from 6th April 2016 £400.00 per calendar month exclusive £4,800.00 per annum
Current Rental Income £800.00 per calendar month exclusive £9,600 per annum


Ace Properties



Philip J Hammond Solicitors
47 Friar Lane, Leicester, LE1 5QX
TEL: 0116 251 7171


Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.

Buyer’s Fee / Additional Costs
For each Lot, a Buyers' Fee of £1,800.00 inc VAT is payable on the fall of the hammer. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

All measurements are approximate. Whilst we endeavour to make our sales particulars accurate and reliable, these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before. Shonki Bros have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Potential buyers are advised to recheck the measurements before committing to any expense. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants.

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