A well-presented and spacious two bedroom first floor flat situated in the heart of Quorn, a highly desirable village located on the edge of Charnwood Forest. This attractive property offers generous internal space and benefits from private off street parking, making it an excellent opportunity for both first time buyers and investors. With its current tenancy generating a rental income of £661 per calendar month, the property delivers a strong gross yield of approximately 12.2% per annum, making it a particularly appealing buy-to-let investment.
The flat is ideally located within walking distance of Quorn’s popular village centre, which offers a range of local amenities including independent shops, cafés, pubs, and restaurants. The surrounding area is renowned for its natural beauty, with nearby Charnwood Forest providing an abundance of scenic walks and outdoor pursuits. Loughborough town centre lies just 2.5 miles away and offers a wider array of shopping, leisure, and educational facilities, including Loughborough University.
Transport links are excellent, with Barrow-upon-Soar railway station less than two miles away, providing direct rail connections to Leicester, Nottingham, and further afield. The A6 and M1 motorway (Junction 23) are also within easy reach, making the property well suited for commuting to nearby cities and business centres.
Auction
To be sold by online auction (unconditional) on Thursday 31st July 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold
Lease
125 years from 29th September 1983 - 82 years remaining
Tenancies
Currently let on a periodic tenancy for £661 PCM
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
A - Charnwood Borough Council
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
A
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
