Summary - 16 MANTLE ROAD LEICESTER LE3 5HG
3 bed 1 bath Terraced
Long-term tenancy producing reliable income in central Leicester.
Gross annual income £12,000; current rent-producing asset
A straightforward buy-to-let opportunity in central Leicester, offered with a long-term tenant in situ. The property currently produces a gross annual income of £12,000, giving a market gross yield of about 7.1% at the asking price of £170,000 — attractive for yield-focused buyers.
This mid-terraced Victorian house has three bedrooms, one bathroom, lounge, dining room, kitchen and a small rear garden. The plot and room sizes are modest (total c. 818 sq ft); frontage is directly onto the pavement with on-street parking only. The property is freehold and presented as an investment sale with a Let Property Pack available.
Buyers should note material considerations: the area records very high crime and is relatively deprived, and the purchaser will inherit the existing tenancy (tenant intends to remain). A buyer’s premium applies to secure the sale. Internal condition has not been independently verified; a full inspection is recommended to confirm repair, safety compliance and any modernisation needs.
For investors this is a low-management, income-producing asset in an urban rental market, with potential for rent growth or refurbishment-driven capital gain. For developers or portfolio buyers it may also suit consolidation or strategic repositioning, subject to survey and tenancy review.
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