Summary - FLAT 4, BROOK HOUSE, 36, BIGGIN STREET LE11 1UA
2 bed 1 bath Apartment
Ready-let two-bed producing strong gross yield in central Loughborough..
Let until 30 June 2026 with annual income £10,740
A ready-made buy-to-let in central Loughborough, this two-bedroom first-floor apartment is let until 30 June 2026, producing an annual rental income of £10,740 (approx. 7.9% gross yield). The apartment sits in a purpose-built block with communal entrance, lift access and secure off-street parking in the adjoining NCP — key conveniences for tenants and managers.
Internally the flat offers open-plan living with a modern kitchen, two double bedrooms and a compact three-piece bathroom. The finish is neutral and tenant-ready: double glazing (post-2002) and contemporary kitchen fittings reduce immediate refurbishment needs. Leasehold position is healthy with around 103 years remaining, ground rent is low and service charge is moderate (approx. £1,205.16 pa).
Important negatives for investors: the property is in a deprived area with very high recorded crime and a high local flood risk — both may affect tenant demand, insurance costs and long-term capital appreciation. Heating is by electric storage heaters which can be expensive for tenants and may limit appeal compared with gas-heated stock. The apartment is small and best suited to professionals, students or single/couple tenants rather than families.
Overall this is a practical, income-producing asset for a landlord seeking immediate cashflow and low initial work. Consider insurance and lettings strategy carefully given the high crime and flood-risk profile, and factor in running costs tied to electric heating when modelling net returns.
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