1 bedroom flat for sale

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1 bedroom flat for sale

Morledge Street, Leicester, LE1
£89,000

Price History

Initial price £125,000
01/02/25 £115,000
15/02/25 £107,000
04/03/25 £105,000
14/03/25 £103,000
21/03/25 £101,000
27/03/25 £99,000
05/04/25 £97,000
10/04/25 £95,000
17/04/25 £93,000
23/04/25 £91,000
29/04/25 £89,000
Price Change -28.80%

Description

This 1-bedroom flat in Leicester is a fantastic investment opportunity for those looking to expand their portfolio. The property is close to amenities, has a tenant currently in situ, and generates a rewarding annual gross income of £9,600. The current rent is below market rate, providing scope for the new owner to increase the income to £9,636. The property itself is well-kept and features one bedroom, a lounge, a kitchen, a bathroom, and a parking space for added convenience. With a long-term tenant already in place, there is minimal risk of vacancy, making this a worthwhile addition to any investor's portfolio.