Summary - Flat 3, Brook House 36, Biggin Street LE11 1UA
2 bed 1 bath Apartment
Ready-made rental with strong yield and town-centre convenience.
Two double bedrooms and open-plan living kitchen
A compact two-bedroom apartment in the heart of Loughborough town centre, presented as a ready-made investment with a sitting tenancy until 30 June 2026. The property offers open-plan living with a contemporary fitted kitchen and good natural light, alongside one allocated off-street parking space and an EPC B rating.
The flat is currently generating £10,740 per annum (excluding bills), equating to an approximate 8.2% gross yield at the current price. It occupies the first floor of a purpose-built block with communal entrance, lift access and a proven letting history — attractive to landlords seeking immediate income without refurbishment work.
Buyers should note material negatives: the area has a high flood risk and a very high local crime rate. The apartment is small (c.571 sq ft) and heated by electric storage heaters, which can increase running costs. It is leasehold with about 103 years remaining; service charge averages £1,205.16 annually and ground rent is small (£50). The surrounding area is relatively deprived, which influences long-term demand and tenant mix.
This is best suited to investors wanting an income-producing town-centre asset with minimal entry work. Prospective purchasers should satisfy themselves on insurance/ flood mitigation costs, running costs associated with electric heating, and local management arrangements before purchase.
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