Prices: £136,950
Yield: 6.2%
Completion Date: Q2 2025
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A Prime Investment Opportunity
We’re thrilled to announce our new development The Old Ground – a highly anticipated buy-to-let opportunity located on the historic grounds of Leicester City Football Club. With apartments starting from as low as £136,950 and projected yields of up to 6.2%, this is a golden chance to expand your portfolio.
Rooted in rich Victorian heritage and designed for modern, sustainable living, The Old Ground offers an incredible chance to invest in one of the UK’s fastest-growing investment hotspots. The development is just minutes from Leicester's thriving city centre.
Important Details:
- Central Location
- Studio, 1&2 Bed Apartments
- From £136,950
- Yields of up to 6.2%
- Limited Apartments with Terraces
- Up to £1,370 PCM
- 2 minute drive to Leicester City Football Club
Incredible Capital Growth Potential
Over the past year, property prices have increased by 3.6%, with projections indicating that house prices are expected to rise by 13–15% by mid-2028. This points to a strong upward trend in the market, paving the way for significant capital growth.
As of September 2024, the average private rent in Leicester stood at £938, reflecting a 12% increase from the previous year and an annual rental growth rate of 3.02%. These trends create attractive investment opportunities, with rental yields and property values expected to rise as the city continues to grow and attract new residents.
Leicester, as the largest economy in the East Midlands, boasts a robust economy valued at £23 billion, with ambitious plans to expand this to £30 billion by 2030. This economic strength, combined with its reputation as one of the top destinations for education, further enhances the city’s appeal to investors.
Striving to a Sustainable Future
According to a recent survey conducted by property expert Handelsbanken, 92% of property investors in the UK have reported receiving requests from tenants for sustainable features within the past year. This growing demand for sustainability presents a significant opportunity for investors to align their portfolios with tenant expectations and market trends.
The Old Ground has recognised this shift and prioritised sustainability from the initial planning stages, ensuring it remains a key focus throughout the development of these apartments. Each apartment is equipped with a photovoltaic panel on the roof, which contributes to reducing overall electricity consumption and enhances the building’s energy efficiency. Additionally, the exterior walls are constructed to the highest standards, significantly minimising heat loss and promoting a comfortable living environment.
This commitment to sustainability not only benefits the environment but also positions these apartments as attractive investment opportunities. By incorporating these eco-friendly features, the apartments achieve an impressive 18% reduction in CO2 emissions, appealing to environmentally conscious tenants and investors alike.
A Prime Central UK Location
Leicester is centrally located in England, providing easy access to all parts of the country by road and rail. The Leicester train station is just a 10-minute walk from the development, offering direct connections to London St Pancras in only one hour. It takes 48 minutes to reach Birmingham, 52 minutes to Sheffield, and 1 hour and 55 minutes to Manchester.
The region is well-served by four major motorways, M1, M6, M42, and M69, ensuring that 90% of the UK population is within a four-hour drive.
Leicester also has its own international airport, East Midlands Airport, which offers a variety of national and international flights to destinations worldwide. Additionally, Birmingham International Airport and Robin Hood Airport are both within an hour’s drive, providing even more options for international travel.
Calculate Mortgage Repayments
Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Calculate Stamp Duty
Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Rental Yield Calculator
Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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