Summary - FLAT 3, SOVEREIGN COURT, VICTORIA STREET LE11 2TL
2 bed 1 bath Apartment
Compact modern two-bedroom flat with long lease and parking — ideal first-time buy or investor..
- Prime town-centre location, shops and transport on the doorstep
- Allocated off-street parking space
- Very long lease: 975 years remaining
- Open-plan living area with modern kitchen and granite-effect surfaces
- Previously achieved circa 7% rental yield (strong tenant demand)
- Compact size: 586 sq ft, best for couples or single professionals
- Electric storage heating and electric-only main fuel (running costs may be higher)
- Service charge ~£1,168pa; area flagged with higher local crime rates
Located in the heart of Loughborough, this two-bedroom apartment offers immediate town-centre living with an allocated parking space. The open-plan living room and modern kitchen bring light and convenience to a compact 586 sq ft layout, while UPVC double glazing and contemporary finishes reduce short-term maintenance.
A very long lease of 975 years and no upward chain make this a straightforward purchase for first-time buyers or investors. The property has previously returned around a 7% rental yield and sits in a neighbourhood with strong tenant demand, offering clear investment potential.
Be clear about the trade-offs: the flat is relatively small, heated by electric storage heaters, and sits within a multicultural student neighbourhood in an area flagged as deprived with higher local crime levels. Annual costs include a service charge of about £1,168 and ground rent of £50. These points matter for owner-occupiers and landlords assessing running costs and tenant mix.
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