1 bedroom flat for sale

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1 bedroom flat for sale

Morledge Street, Leicester, LE1
£89,000

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)
  • Investment potential detailed below (Let Property Pack)

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.