Morledge Street, Leicester LE1 2 bed flat for sale

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Morledge Street, Leicester LE1 2 bed flat for sale

Morledge Street, Leicester LE1
£113,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 2-bedroom flat in Leicester offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features two bedrooms, two ensuite bathrooms, a spacious lounge, kitchen, and allocated parking. Currently, it produces an annual gross income of £9,900, which could be increased to a market rate of £12,000 with tenants already in situ. The property has a valuable tenant who has consistently paid rent and has no intention of moving out, making it a low-risk investment. With a purchase price that offers a worthwhile return, this property is an attractive addition to any portfolio.