Summary - Apartment 22, 3 Colton Square LE1 1QH
1 bed 1 bath Apartment
Compact, ready-let one-bed close to station and city amenities.
Currently let producing £8,100 per annum
A compact, newly renovated one-bedroom apartment in Leicester city centre, offered chain free and currently let for £8,100 per year. The property sits within easy walking distance of the railway station and a wide range of local amenities, making it straightforward to re-let or keep tenanted.
For an investor the numbers are clear: at the asking price of £107,500 the current rent produces an approximate gross yield of about 7.5% — a strong headline return for a city-centre studio/one-bed. Practical benefits include a secure communal entrance with lift, integrated kitchen appliances, allocated off-street parking and double glazing.
Buyers should note material negatives plainly: the apartment is small (431 sq ft) and located in a very deprived neighbourhood with very high local crime rates, which may affect tenant profiles and management needs. Heating is by electric room heaters (no gas central heating), so running costs can be higher than gas-heated properties and should be factored into net returns.
This is a straightforward, low-maintenance investment let on an urban, student-oriented patch of the city. It will suit investors seeking immediate rental income and a compact, low-upkeep asset, but those requiring long-term capital appreciation in lower-risk neighbourhoods should weigh the area’s deprivation and crime statistics carefully.
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