#47 – Luxury Student Apartments
Spread over a brand new seven-storey building, each studio and apartment in #47 will be completely self-contained. With private kitchens, bathrooms, the development will be fully furnished and finished to an extremely high standard. Each luxury apartment also comes with its own balcony.
- Prices from £59,900
- 7% Net Rental Return
- Located in Leicester City Centre
- Roof Gardens and City Views
- Wealth of Communal Facilities
The city of Leicester has a rich heritage of industry, sport and culture with events and attractions to suit all lifestyles. With a population that is both young and diverse, Leicester is vibrant and has been named among the hottest retail destinations in the UK according to Property Week 2015.
The East Midlands city has become a buy to let hotspot as the area grows in standing and reputation across the UK. Leicester is all about growth and the rise in average rent value is currently at 4.35%, while transaction value growth has been recorded at 2.63%.
Leicester’s rental prices have risen by 9% in the last five years. As of 2018, the city is second in the UK for rental price growth. Currently, the average rent per calendar month is £647. The average weekly rent is £149.
The demand for buy to let property from potential tenants only looks set to increase, as the number of people looking for privately rented accommodation surged by 8% in March 2018 alone.
Leicester is benefiting hugely from regeneration projects and its dedication to the fostering and maintenance of innovative industries and technologies.
Leicester Waterside is the city’s main regeneration scheme. At a cost of upward of £200 million, the venture will bring an estimated 3,575 apartments, 500 student homes, Grade A office space and a business hub to the heart of Leicester.
Leicester’s Enterprise Zones offer 100% business rate relief and house some of the world leaders in automotive research, biotech, pharmaceuticals, bioscience, renewable energies and low carbon tech.