Summary - Flat 3, Brook House 36, Biggin Street LE11 1UA
2 bed 1 bath Apartment
Let until June 2026 delivering strong yield with a parking space and EPC B efficiency.
- Let until 30 June 2026 with £10,740pa income
- Impressive circa 8.2% gross yield advertised
- One secure off-street parking space included
- EPC Grade B and double glazing fitted
- Leasehold with 103 years remaining
- Service charge ~£1,205.16 annually; ground rent £50
- High local flood risk; consider insurance costs
- Very high local crime rate; area classified as deprived
A ready-made, town-centre investment offered with an existing AST in place until 30 June 2026 and a current rent of £10,740 per year (ex. bills). The compact two-bedroom layout and open-plan living/kitchen make the 571 sq ft apartment straightforward to let to students or young professionals seeking central, low-maintenance accommodation.
Practical running costs include an EPC B rating, double glazing, and electric storage heating; the property also includes one secure off-street parking space via the adjoining NCP. The lease has 103 years remaining, service charge averages £1,205.16 per year and ground rent is low (£50 p.a.). These predictable charges help when modelling rental returns.
Important negatives are factual and material: the site is recorded as having a high flood risk, the local area records very high crime levels and is classified as deprived, and the overall internal size is small. Heating is electric storage, which can be expensive for tenants compared with mains gas. Prospective buyers should factor these issues into maintenance, insurance and letting strategies.
This property suits an investor seeking an immediate income stream and above-average gross yield from a central Loughborough location. It is not aimed at purchasers requiring private outdoor space, large living rooms or gas-heated accommodation. Viewings and technical checks (flood resilience, electrical and heating condition) are recommended before purchase.
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