Top 10 buy to let areas in Leicester
Posted on 6th July 2022
10 - Kirby Frith:
Kirby Frith properties are a great option for those looking for low-maintenance rental homes.
The Kirby Frith area offers a variety of amenities, including a park, football court, basketball nets, and more.
Additionally, Kirby Frith is conveniently located near Scudamore road, which provides numerous employment opportunities, and Meridian and Fosse park are only a short distance away.
The homes themselves are modern and well-kept, and rent is very reasonable - starting at £695 per month for a two-bedroom home and £850 per month for a three-bedroom home.
If you're looking for a comfortable place to call home, Kirby Frith should definitely be at the top of your list!
9 - The City Centre:
Renting in Leicester city centre has many benefits - there are good transport links, plenty of employment opportunities, and several universities.
The city centre is also a cosmopolitan area, which attracts people from all walks of life. Renting here can be very rewarding, with rental incomes starting at £450 per month.
However, there are a few things to be aware of before you commit to renting in Leicester city centre. Firstly, many properties here are leasehold, which can put some buyers off.
Secondly, service charges and ground rent can sometimes be out of your control.
Despite these potential pitfalls, we recommend renting in Leicester city centre - it's a great place to live!
8 - Heathley Park & Bradgate Heights:
Renting a property can be a great way to earn extra income, and if you choose the right property, you can minimize your maintenance costs while still earning a healthy return on your investment.
Heathley Park and Bradgate Heights are two great options for those looking to invest in rental properties.
Both areas are relatively new developments, which means that the homes will require less maintenance than older properties. In addition, both areas are located near Groby Road, which makes it easy to get into the city centre.
And, with Glenfield Hospital nearby, you can be sure that there will be a constant demand for rental properties in these areas.
With a minimum rental income of £700 per month for a two-bedroom property, you can easily cover your costs and earn a healthy profit. So, if you're looking for a great investment opportunity, be sure to check out Heathley Park and Bradgate Heights.
7 - Narborough Road:
Renting in Narborough Road is a great option for those looking for an affordable place to live in the city.
There are plenty of restaurants and job opportunities in the area, and it is only a short walk from the city centre. The area is cosmopolitan and mixed, so it is comfortable for a lot of people to live here.
Most of the properties in the area are old, terraced houses that are two or three bedrooms. The income from these properties is slightly higher, but you should double-check the amount of work that needs to be done before renting them out.
This includes checking for new roofs, damp areas, and electric and gas problems. Many people split these properties into flats.
Renting a property is a great way to get started in the Narborough Road area.
There are lots of restaurants around, plenty of job vacancies and its only round the corner from the city centre! This is a cosmopolitan location, and a mixed demographic area so a lot of people feel comfortable living here.
Most properties round here are 120-year-old terraced houses which are 2 or 3 beds. Slightly higher income but double check the amount of work needed to be done like new roofs, damp areas, electric and gas need checking too before renting out.
A lot of people split the properties and turn into flats. Renting gives you the opportunity to try out an area before you commit to buying and frees up your cash for other investments.
So, if you're looking for a great place to live or rent, Narborough Road should be on your list!
6 - Fosse Road:
Newfound pool, Woodgate and Tudor Road are all great areas to rent 2-3 bedroomed terraced houses.
You can get more rental income with these properties but there may be a few issues with them in terms of the windows, roof and they can get damp.
However, the amenities are great! There is a primary school close by and a secondary school too. You also have great access to the city centre, with it only being a 15–20-minute walk away.
If you need to go to the hospital or do some shopping, Meridian, Beaumont Leys, and Fosse Park are all nearby.
Rental for a 2 bed in good condition will be around £700 per calendar month and £800 upwards if it's a 3 bed. So why not look at these areas today!
5 - Clarendon Park:
Renting a property in Clarendon Park is the easiest place to rent in Leicester due to the diverse range of people that live in the area.
The good quality tenants will make sure that properties are well-kept and will Rent quickly. The only issue is that the area can be quite expensive to buy compared to other areas in Leicester.
Local amenities, shops, schools, hospitals, and train station are all within proximity, making it an ideal area to live for people of all ages and backgrounds.
Whether you are a young professional, a family or a student, Clarendon Park is sure to have something to offer everyone.
Renting in Clarendon Park is the easiest place to rent in Leicester.
Mainly because you have got a multitude of different people round here such as young professionals, families, students, lectures, nurses and so on. Good quality tenants will rent in this area.
The only issue will be that this area is expensive to buy to all other areas in Leicester. Local amenities, shops, schools, hospitals, train station not too far away.
Properties in this area are older so some maintenance may need doing such as damp, potential roof issues, windows that are sometimes dated. Everything will rent quickly.
The ideal place for rental property investors. Yields are high and there is always a demand for rental properties in Clarendon park.
4 - Thorpe Astley:
Renting a property in Thorpe Astley is a great option for families or professionals looking for a comfortable and affordable place to live.
The area has a wide range of housing options to choose from, including semi-detached homes, flats and apartments, maisonettes, and even some larger houses with four or five bedrooms.
There is also a good selection of schools in the area, as well as a community centre, chemist, play areas and it’s just off the motorway.
And with Fosse Park and Meridian just around the corner.
Thorpe Astley is the perfect location for those who want to be close to all the shopping and entertainment options that the city has to offer.
Prices for renting a property in Thorpe Astley start at around £800 per calendar month for a two-bedroom home, and increase depending on the size and location of the property.
A few things you may need to consider looking at is replacing the boiler, fixing any garden fences or the window but apart from that, properties in this area are normally well-maintained and in good condition, making Thorpe Astley an ideal place to call home.
3 - South Wigston
South Wigston is a great place to invest in rental properties.
There is a good mix of houses, including new builds and terraces.
The small centre has shops, a college, and a large Tesco supermarket.
The train station is not too far from the city centre, making it an attractive area for tenants.
Rentals in South Wigston are very stable, and you can expect to see 2-5 years of steady rents. The rent for a 2-bedroom property is around £700 per month, and a 3-bedroom property is £800-850 per month.
Newer builds are easy to maintain, which makes them more attractive to tenants.
If you're looking for an area with great potential for rental income, South Wigston is a great option.
2 - Aylestone
Aylestone is a great place to rent a property.
The type of properties in the area are terraced houses and semi-detached houses.
Properties rent for around £700 per month for a 2 bed and £825 for a 3 bed.
You have easy access to the city centre. There are plenty of schools and businesses in the area. Freeman's Common is only a short distance away, and there is also a local football team.
This makes Aylestone a great place to live and work. Renting a property in Aylestone is a great way to be close to all the action while still having the peace of mind that comes with living in a quiet, family-friendly neighbourhood.
Whether you're looking for a place to call home or a place to rent while you're attending school or working in the city, Aylestone has exactly what you're looking for.
Contact us today to learn more about renting a property in Aylestone.
1 - Anstey Heights!
Anstey Heights is a great place to rent for many reasons.
Firstly, its location is perfect for those who need to commute as it's minutes away from the A46 and M1.
Secondly, employment is strong in the area as it's close to an industrial park. Finally, Beaumont Leys centre is close by, and there are plenty of bus routes to the town centre, parks, and woodland areas.
The properties in Anstey Heights are also low maintenance as they are not old properties - they are around 35 years old.
Furthermore, the gardens are a good size and easy to maintain. Lastly, the prices are cheaper to buy here - 3 bed properties are £200,000 and 2 bed properties start at £700 per calendar month.
1 bed properties start at £500 per calendar month.
Consequently, Anstey Heights is the number 1 area to rent in Leicester.
Renting in Anstey Heights is a great option for those who want to be close to key amenities.
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