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Regent Park Mews, 1-9 Regent Road, Leicester, LE1 6YE

£1.5m

Fully Let Student Investment – Current Income £110,160 pa

  • 5 Student flats with 20 letting bedrooms
  • Very close to Leicester and De Montfort Universities
  • Easy access to Leicester City Centre
  • Current gross rental income £110,160 pa
  • ERV for 2020/2021 Academic Year – £125,000
  • Planning for an additional 12 bedrooms
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location

Leicester has a resident population of some 330,000 and, more importantly for student housing investors, it is a thriving university city with two renowned campuses close to the city centre.

The property is located some half a mile south of the city’s main retail and leisure areas at the junction of Regent Road and Welford Road, and is in an
ideal location for student use.

income

The 20 student rooms currently produce a gross income of £110,160 pa, based on a 48-week letting year.

This equates to £114.75 per room per week.

Our estimate of ERV is based on a weekly rate of £130 per room per week for the 2020/2021 academic year, and lettings are being completed at this level for the 2020/2021 academic year.

description

The property is a traditional two storey building with secure gated access to a
central courtyard which leading to all flats.

There are 20 beds over 5 flats.

covid-19

The University have announced that they will re-open as usual on Monday 5th October for the 2020/21 Academic Year. Read Update

proposal

£1.5m

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