Summary - 32 32 Harrow Road, Leicester LE3 0JY
2 bed 2 bath Terraced
Ready-made buy-to-let with immediate rental income and character features.
Freehold terraced property split into two self-contained one-bed flats
A ready-made buy-to-let in Leicester’s Harrow Road, offered as a freehold period terraced property split into two self-contained one-bedroom flats. The building returns a combined rental income of £15,540 per year and will be sold subject to the existing assured shorthold tenancies, making it an immediate income stream for a landlord. At 1,293 sq ft overall the accommodation is unusually large for a two-storey city terrace, with bay windows, high ceilings and traditional Victorian character.
Practical strengths include gas central heating, uPVC double glazing, fast broadband and excellent mobile signal — all useful for tenant retention. The property has a small front garden, a shared entrance hall and a rear garden with three storage outbuildings, providing useful tenant storage and outdoor space. Council tax is very cheap and flood risk is negligible.
Important considerations: the sale is subject to existing tenancies so it will not be offered with vacant possession. The area scores as deprived with above-average local crime rates; these factors influence tenant profile and rental risk. The neighbourhood is classified as a cosmopolitan student and private-renting area, so lettings are likely to remain in the HM-let/student/private-rent market rather than family lets.
Investment-minded buyers should view this as a turn-key income asset with period character and scope for rental uplift through refurbishment. Confirm all service, heating and electrical condition and check tenancy details and deposits before purchase. The property is best suited to landlords seeking immediate yield in a busy city rental market rather than an owner-occupier seeking long-term residential privacy.
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