Many existing and aspiring buy-to-let landlords look to Leicester city centre when sourcing a suitable property to let out to tenants. While there’s no doubt that this is a sensible strategy that can provide a good ROI, a recent study by TotallyMoney has identified Loughborough as the top rental hotspot in Leicestershire.
With its excellent transport links and recreational facilities, rental properties in Loughborough are always in high demand. Not only that, the LE11 postcode showed an average rental yield of 5%, outstripping the 3% usually found in Leicestershire.
As a leading estate agent in Loughborough, Andrew Granger & Co usually have a good selection of properties for sale in Loughborough that would be suitable as buy-to-let investments. If you would like to discuss any of the properties we currently have for sale, please call our Loughborough office on 01509 235 534.
The following Leicestershire postcodes reported a 4% rental yield, outperforming Leicestershire’s other postcodes:
Of course, finding and financing a property is only the first step in your journey to becoming a landlord. Whether you own a single rental property or are the owner of a large portfolio, Andrew Granger & Co’s award-winning lettings department can manage all aspects of your rental property from finding tenants, to securing deposits to keeping you up-to-date with your important legal obligations as a landlord.
We provide letting and management services for over 1500 landlords across Leicestershire from our offices in Leicester, Loughborough and Market Harborough and have just won a gold award at the British Property Awards. We have been a member of the Association of Residential Lettings Agents (ARLA) since 1999. ARLA membership is only available to agents who demonstrate professional excellence and work according to current best management practice. As a result, using an ARLA member agent like Andrew Granger & Co gives landlords peace of mind that all procedures are being adhered to correctly. This is particularly important in the light of the recent changes to the law that have come into effect in the lettings sector.
No matter what stage you are at in the buy-to-let process, we have the expertise to help. Call us on the following numbers to find out more: