2 bedroom flat for sale

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2 bedroom flat for sale

Lombardy Rise, Leicester LE5
£150,000

Price History

Initial price £160,000
26/11/24 £150,000
Price Change -6.25%

Description

This exceptional two-bedroom flat in Leicester offers a rare investment opportunity in a sought-after location. The property benefits from high rental demand, driven by a diverse population, and is situated in an area that is serviced by local bus routes and has good connectivity to major roads. The area is also undergoing regeneration and development, which is expected to enhance property values and rental income potential. The flat itself has been newly refurbished and features a lounge, three-piece bathroom, and kitchen. With a current rental income of £500 per month and the potential to generate an estimated £850 per month, this property offers a healthy gross rental yield. Additionally, the area's ongoing regeneration projects, including infrastructure upgrades and new facilities, are expected to positively impact property values and appeal, making this a solid investment choice for experienced investors or first-time buyers looking for long-term growth.