Leicester, a vibrant city with a rich history, is on a path of growth and transformation. Currently home to a population of more than 566,000, the UN predicts that this thriving metro area is set to expand to over 600,000 residents by 2035. This projected growth speaks to Leicester’s enduring appeal.
In terms of education, Leicester shines as a prominent student city, ranked among the UK’s top three. The city’s attraction to students ensures a robust student accommodation market. With approximately 17,000 students, the University of Leicester, along with De Montfort University, boasting around 22,000 students, offers a bustling academic scene.
Both universities have strategically positioned campuses near the city centre, surrounded by numerous student accommodation options. Noteworthy areas for privately rented student housing include Clarendon Park, Stoneygate, North Evington, Highfields, Aylestone Park, Oadby, West End, and Leicester city centre itself.
Leicester’s Industrial Heritage
In the 19th century, the extensive rail and canal network transformed Leicester into a manufacturing hub, particularly in engineering, shoemaking, and hosiery. This expansion spread into urban and rural areas through factories and workshops, earning Leicester the nickname “The City that Clothes the World.”
Today, engineering remains vital to the city’s economy, spanning machine tools, control systems, foundry equipment, rail components, and clocks. Local businesses offer apprenticeships that link industry with academia, strengthening ties with university engineering departments for practical and theoretical growth.
Nowadays, this legacy has evolved into a dynamic, modern economy centred around light manufacturing, services, and distribution. This shift has contributed to a positive impact on both employment numbers and the buoyant property market.
The city proudly houses some of the UK’s major employers, including household names like Next, Sytner Group, Dunelm, and Walkers.
Leicester Is Good for Growth
Notably, Leicester garners further recognition in the 2023 Good Growth for Cities Index, claiming the top spot in the East Midlands for its exceptional quality of work and life. The index, evaluating income distribution, safety, work-life balance, and job opportunities, underscores Leicester’s thriving atmosphere and potential as a lucrative property investment area.
A Leicestershire City Steeped in History and Culture
When you think of a bustling city with vibrant shops, restaurants, and captivating cultural landmarks, Leicester undoubtedly fits the bill. But guess what? There’s more to this city than meets the eye – an enchanting visitor economy intertwined with rich history and contemporary wonders.
Unveiling the lesser-known chapters of Leicester’s story, beneath the area’s modern façade lies a historic Roman city dating back to AD47. And that’s not all – the city proudly cradles the resting place of none other than Richard III, adding a touch of regal intrigue to its narrative.
Retail and Leisure in Leicester
Ranked 13th in the UK’s retail shopping league, Leicester City boasts two large shopping centres, The Haymarket Centre and The High Cross Centre, featuring high street stores, designer outlets and local independent establishments. The city offers theatres, cinemas, art galleries, historical monuments, and museums.
In addition, Leicester is home to a thriving grassroots music scene, with bars like The Musician Pub, The Soundhouse and The Donkey attracting local and touring bands. Meanwhile, De Montfort Hall and the O2 Academy regularly draw more popular acts.
Its culinary scene is diverse and multicultural, serving various tastes. Additionally, Leicester offers a variety of outdoor experiences with its botanic gardens, a city farm, a canal and river, and a country park.
Leicester City – A Sports and Science Hub
While Leicester City FC might command the spotlight thanks to their 2016 Premier League heroics, there’s another team that’s equally revered – the legendary Leicester Tigers rugby club. It’s not just about sports, though. In addition, the National Space Centre sits right in the heart of Leicester.
The renowned Golden Mile is a true jewel in Leicester’s crown. This stretch of Belgrave Road is adorned with an array of Asian restaurants, boutiques, and jewellers. The Diwali celebrations held here are rumoured to rival those in India itself, painting the Leicester city centre with a mesmerising symphony of colours.
Buy-to-Let Properties With Excellent Transport Links
Situated at the heart of England, Leicester boasts fantastic transport links. With the M1, M69, and A46 right at its doorstep, you’re seamlessly connected. Fancy a quick jaunt to Birmingham? Hop on a train and arrive in just 47 minutes. London is also within easy reach, approximately an hour away. Why not view some of the latest buy-to-let properties that are available to buy in the UK?
