Summary - Flat 3, Parish Mews, Sparrow Hill LE11 1DA
2 bed 1 bath Apartment
Secure gated parking with attractive rental income potential in central Loughborough.
- Dual-aspect open-plan living with integrated NEFF appliances
- Two double bedrooms; versatile layout for tenants or home office
- Allocated gated parking for one vehicle
- Long 990-year lease; low £50 pcm service charge
- Currently let at £1,000 pcm (approx. 6.5% gross yield)
- Chain-free sale or available with vacant possession
- Average size (646 sq ft); mid-terrace Victorian mews setting
- Local crime rates very high; area shows higher deprivation
A first-floor mews apartment in the heart of Loughborough, offering secure gated parking and proven rental income. The dual-aspect open-plan living room and integrated kitchen (NEFF oven, five-ring hob, integrated appliances) make for low-maintenance, modern living. Two double bedrooms and a stylish bathroom with a roll-top bath provide flexible accommodation for tenants or owners.
The 990-year lease and a low service charge of £50 pcm are clear long-term positives. Currently let at £1,000 pcm (around a 6.5% gross yield at the asking price), the flat suits buy-to-let portfolios or a purchaser wanting vacant possession. Allocated parking behind electric gates adds convenience and security in a town-centre location.
Be realistic about location drawbacks: local crime indicators are very high and the wider area shows higher deprivation than average, which can affect tenant profiles and resale values. The property is chain-free and structurally appears sound, but exact maintenance needs should be confirmed in a survey. Overall, this is a practical, low-upkeep apartment with stable rental appeal and long lease security.
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