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Tue 16 November 2021
Perfectly placed in the centre of the country, Leicester’s properties offer good value for money - such as the north of the country, but with the strong economic growth of the south of the country – making it the ideal place to invest in.
If you still need further persuasion, here are a few more reasons to buy an investment property in Leicester:
Leicester has a fast-growing population which the local council expects to rise to 388,000 by 2031.
The city is home to some of the UK’s biggest employers including Next, Sytner Group, Dunelm, Walkers, and University Hospitals of Leicester NHS Trust, as well as two universities – The University of Leicester and De Montfort University.
Leicester also has a strong visitor economy as it happens to be a historic Roman city dating back to AD47, and also the resting place of Richard III.
With a fantastic array of shops, restaurants, bars, clubs and theatres, other attractions in Leicester include the homes to Leicester City Football Club and Leicester Tigers Rugby Club, along with the National Space Centre and Leicester Cathedral.
Another big draw is Leicester’s Golden Mile, a stretch of Belgrave Road lined multi-cultural restaurants, jewellers, and fashion boutiques.
Its central location is a real bonus when it comes to Leicester’s superb travel links, being right on the M1, M69 and A46. London can be reached by train in around an hour and Birmingham in around 47 minutes.
Leicester properties offer you more for your money than other areas of the UK, and according to Rightmove the average house price in the area is currently *£256,750, with the average price of a terraced property being *£194,996.
There really is something for everyone with the more affordable houses generally located in the inner-city areas, the suburbs having mid-market family housing, while the fringes offer more expensive commuter villages. Depending on the property and area of Leicester you choose the rental yields achievable are anything from 3-5%.
Andrew Granger & Co’s Leicester office offers a wealth of knowledge and experience if you’re looking to let out a rental property in Leicester or the surrounding areas, are looking for a property to let – or simply want property rental advice. You can find out more and get in touch at www.andrewgranger.co.uk.
*Prices taken from Rightmove November 2021