Primus Place, Gateway Street, Leicester
- PROPERTY TYPE
Studio
- SIZE
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Key features
- 15.3% gross yield at asking price of £58,950
- Tenancy already secured - and renewed for the next academic year
- Prime Leicester location - 40,000+ students across two major universities
- £9,027 gross annual income (£177/week, 51-week tenancy)
- Hands-off investment with professional management in place
- 239-year leasehold - long-term security for investors
Description
Asking Price: £58,950
This well-positioned student unit offers immediate rental income with tenancy already secured, making it an ideal addition to any property investment portfolio.
PROPERTY HIGHLIGHTS
• Leasehold - 239 years remaining
• Ground rent: £390 per annum
• Service charge: £2,474 per annum
• Management fee: 10.25% + VAT
INVESTMENT PERFORMANCE
• Current rental income: £177 per week (51-week tenancy)
• Annual gross rental income: £9,027
• Gross yield: approximately 15.3% at asking price
• Annual net rental income: £5,052.68
• Net yield: approximately 8.6% at asking price
• Tenancy secured at the same rate and term for the following academic year
WHY INVEST IN LEICESTER STUDENT PROPERTY?
Leicester is home to two major universities - the University of Leicester and De Montfort University - with a combined student population exceeding 40,000. Demand for well-located student accommodation consistently outstrips supply, underpinning strong occupancy rates and rental resilience. With tenancy already in place and renewed for the forthcoming academic year, this unit provides immediate, hands-off income from day one.
At an asking price of £58,950 and a gross yield in excess of 15%, this represents a compelling opportunity for both first-time and seasoned investors seeking strong returns in a proven rental market.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Primus Place, Gateway Street, Leicester
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