Freehold mid-terrace split into two self-contained flats
A rare freehold opportunity close to Leicester University: a Victorian mid-terrace split into two self-contained flats, currently let under licence. Both apartments have gas central heating, UPVC double glazing and practical layouts (lounge, double bedroom, kitchen and bathroom), making them straightforward to manage for buy-to-let or portfolio growth.
The property sits in a popular student and private-renting neighbourhood, offering immediate rental income with low council tax Band A for both flats. The ground-floor flat benefits from an enclosed walled yard; the first-floor flat has access to a large loft, offering potential for storage or conversion subject to consents.
Important considerations: the flats are occupied under licence rather than assured shorthold tenancies, so buyers should review licence terms and compliance. The building is solid brick Victorian stock with no known wall insulation, so external/internal upgrading may be needed to improve energy performance. As with period properties, expect ongoing maintenance and potential refurbishment to maximise rental value.
This is best suited to investors seeking an income-producing freehold in a student-oriented area, or a landlord willing to invest in energy and decorative improvements to increase long-term returns.
