The Best Investment Properties in Leicester

When considering property investments in the UK, Leicester stands out as a city with significant potential. Known for its rich history, diverse culture, and growing economy, Leicester offers various investment opportunities for both seasoned investors and those new to the market. Here, we explore some of the best investment properties in Leicester and the factors that make them attractive.

1. Student Accommodation

Leicester is home to several higher education institutions, including the University of Leicester and De Montfort University. This influx of students creates a strong demand for rental properties, particularly in areas close to these universities. Investing in purpose-built student accommodation or shared houses can yield high rental returns. Popular neighborhoods for student housing include:

• Clarendon Park: Known for its vibrant community and proximity to the university.
• Goldsmith Street: A favored area due to its affordable rental prices and easy access to campus facilities.

2. Buy-to-Let Properties

Leicester’s growing population and improving employment rates make the buy-to-let market highly appealing. Properties in central or suburban areas can attract long-term tenants due to proximity to amenities and transport links. Some top locations for buy-to-let investments include:

• City Centre: A bustling area with a mix of residential and commercial properties, ideal for young professionals and families.
• Fosse Park: A shopping and leisure destination, providing a vibrant living environment with good transport accessibility.

3. Renovation Projects

Investing in properties that require refurbishment is another profitable strategy. Leicester has a range of older homes that can be purchased at lower prices and renovated for a significant profit. Key areas to consider for renovation projects include:

• North Evington: Features traditional Victorian and Edwardian homes, many of which can be modernized to meet current market demands.
• Stoneygate: Known for its large family homes, which often require updates but have high potential resale values.

4. New Build Developments

New build properties are increasingly popular among investors. With Leicester's economy steadily growing, there are several developments that offer modern living spaces and attract families and professionals. Areas with promising new build projects include:

• Highcross: Offers luxury apartments with excellent shopping and dining options nearby.
• Wigston: A suburb benefiting from new housing developments that combine modern design with community spirit.

5. Commercial Properties

With a thriving business environment, investing in commercial properties in Leicester can also be profitable. Retail shops, office spaces, and mixed-use properties are in demand, particularly in growing areas. Notable neighborhoods for commercial investments include:

• Leicester Market: One of the largest outdoor markets in Europe, presenting opportunities for retail investments.
• Granby Street: Characterized by a mix of retail and dining, catering to both locals and visitors.

Conclusion

Leicester offers a diverse range of investment properties, from student accommodation to commercial spaces. With its supportive rental market and a growing economy, investing in Leicester real estate can yield attractive returns. By researching the best neighborhoods and focusing on properties with potential, investors can capitalize on this dynamic city.