East Park Road

AT A GLANCE

• Three self-contained apartments under one freehold title
• Fully let – income from day one
• £25,264 gross annual income (approx. £2,105 pcm)
• 7.9% gross yield at asking price
• Tenants pay all bills – no landlord running costs while occupied
• Council Tax Band A for each apartment
• Self-managed – no agency fees currently payable
• On-street parking

THE ACCOMMODATION

GROUND FLOOR – 440 East Park Road

2 Bedrooms | 2 Bathrooms

FIRST FLOOR – Flat 1, 440a East Park Road

2 Bedrooms | 1 Bathroom

TOP FLOOR – Flat 2, 440a East Park Road

1 Bedroom | 1 Bathroom

(4 bathrooms in total across the building)

RENTAL INCOME – FULLY LET

Ground Floor (440)

Income: £8,154 per annum

Tenancy: Option Agreement with Student Union Lettings Ltd (‘Sulets’), signed 12/11/25

Flat 1 (440a)

Income: £780 pcm – £9,360 per annum

Tenancy: Assured Shorthold Tenancy, signed 02/01/26

Flat 2 (440a)

Income: £7,750 per annum

Tenancy: Assured Shorthold Tenancy, signed 12/12/24

TOTAL GROSS INCOME: £25,264 PER ANNUM

GROSS YIELD AT ASKING PRICE: 7.9%

Three separate income streams significantly reduce void risk, even with one apartment vacant, the property continues to produce income.

THE INVESTMENT CASE

IMMEDIATE INCOME – all three apartments are individually let, so returns begin on completion.

LOW OVERHEADS – every tenant pays their own bills directly. No costs fall to the landlord unless an apartment is vacant, meaning gross and net returns are unusually close.

CLEAN, SIMPLE PURCHASE – sold as a single freehold title with no leasehold complications, ground rents or service charges.

FLEXIBILITY – currently self-managed, giving a new owner full control, with the option to appoint a managing agent for a hands-off investment.

AFFORDABLE FOR TENANTS – Council Tax Band A across all three apartments keeps living costs low and demand consistently strong.

THE LOCATION

East Park Road sits in one of Leicester’s most dependable rental districts, just a short distance from the city centre and within easy reach of Leicester General Hospital, the University of Leicester and De Montfort University.

This catchment drives year-round demand from students, hospital staff and working professionals alike – underlined by the existing agreement with Student Union Lettings (‘Sulets’).

Leicester continues to offer some of the strongest rental yields in the Midlands, with property prices that remain highly competitive against comparable cities. Transport links are excellent, with direct trains from Leicester station to London St Pancras in around an hour and quick access to the M1 and M69.