Property Investment Company In Leicester
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Sitting on the banks of the River Soar, Leicester is a major city in the East Midlands.
With a history of human settlement in the region of at least 2,000 years, Leicester is one of the oldest cities in England.
Interest in property investment in Leicester has really grown in recent years, with interest piqued by positive data and reports about the city’s development.
For example, between 2016 and 2019, the city was named as one of the UK’s top performing cities for three years in a row by PwC.
Leicester’s consistently high performance in PwC’s rankings has been underpinned by an increase in jobs, new businesses, and skills.
In addition, the city has one of the fastest rates of population growth in the country (particularly amongst working age 25-34 year olds) and it offers good rental yields mixed with affordable property prices – the city-centre postcode, LE1, scored 8th on Totally Money’s buy-to-let yield map for 2020, with average prices of £100,000 and yields of 8%.
All in all, it’s clear why Leicester is seen as a high-potential spot for property investors.
There are a number of cities across the Midlands and further North that show excellent investment potential. Leicester is one of those cities.
With the second-largest economy in the East Midlands, the city is home to offices of major employers – including British Gas, BT, HSBC and Next.
It’s well connected to the rest of the country via the motorway and rail networks, and internationally by the East Midlands Airport.
Plus, with a large student population fed by several local universities (numbers are estimated to be over 65,000), redevelopment plans, affordable investment prices, and a good record of strong rental yields, Leicester has all the conditions a property investor should be looking for.
Manufacturing has historically been a big industry in the city, and remains so. However, new businesses, mixed with a growing service industry, continue to create jobs and aid the city’s economy.
Leicester postcodes often deliver strong rental returns at favourable investment prices. Our research found LE1 was one of the best places an investor could have purchased property in the last decade.
The region has a large student population, many of whom settle here following graduation due to fantastic employment options. These young professionals are ideal buy-to-let tenants.
There are train lines directly linking Leicester with other major cities, like London and Birmingham. Also, the city sits alongside the M1 Motorway. These transport options drive trade and growth.
Types of Property Investment in Leicester
Buy-to-let properties in Leicester offer investors the chance to enter an affordable property market with high earnings potential.
This potential is realised through capital growth, with the average price of a flat in Leicester increasing by more than 22% in the past 5 years, and rental income, with yields of 8% possible in certain postcodes.
For anyone interested in investing in purpose-built student accommodation, Leicester is a worthy consideration.
The University of Leicester, DeMontfort University, and nearby Loughborough University bring roughly 66,000 students to the area. This means there are plenty of potential tenants, leading to reliable, consistent and high rental yields.
Growth in Leicester
Frequently Asked Questions
Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today on +44(0)203 627 3987 or via [email protected]
Leicester has all the hallmarks of a great location to invest in property.
Its location in the UK typically leads to many properties offering the traditional affordability of Northern housing (and therefore, strong rental yields), but given it sits more southwards than other Northern cities, it also benefits from the impact of the southern economy’s radial effect.
According to Zoopla (September 2021), the average price paid for a property in Leicester in the last 12 months in £269,676.
For an apartment in particular, the average is £129,064.
An East Midlands HS2 Hub is planned in Toton, which people in Leicester will be able to connect with via the existing rail network and drastically reducing journey times to key hubs around England.
However, further plans have been submitted for the creation of further HS2 links between Bedford, Birmingham, Leeds, Leicester and Nottingham, which – if they go ahead – could add £1.4 billion to the region’s economy. This is something for investors to keep an eye on as such development has the potential to really impact the region’s growth and benefit the property market.
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The UK last entered recession in the second quarter of 2008. House prices started rapidly decreasing, with the average house price hitting a rock-bottom low
All information accurate as of September 2021