Summary - 102 LORNE ROAD LEICESTER LE2 1YG
5 bed 6 bath House of Multiple Occupation
Long-term tenancies near university, transport and local amenities.
Freehold five-bedroom HMO with established long-term tenants
A freehold, five-bedroom house in Leicester’s LE2 postcode, offered as a purpose-used HMO with long-term tenants in place. The property is a Victorian red-brick mid/end-terrace style with a modern kitchen, six bathrooms recorded, and a small rear garden — configuration and bedroom count should be verified against full tenancy and floorplan documents.
The current gross annual rental income is £35,820, which equates to an approximate gross yield of c. 9.6% at the guide price of £375,000. Situated in a cosmopolitan student and professional neighbourhood with fast broadband and excellent mobile signal, the building is well placed for continued lettings and portfolio income growth.
Buyers should note the building sits on a small plot with limited external amenity space and relies on on-street parking. Marketing material references six bedrooms in places; formal verification of bedroom count, tenancy agreements, and any HMO licensing/consent is recommended. A Buyer’s Premium applies to the sale and will be payable on completion.
This is a clear buy-to-let proposition for investors seeking immediate cashflow. The property’s strengths are its location, established tenancy, and rental return; its constraints are modest internal and external space and the need to confirm legal/licensing and room-count details before purchase.
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