Block of flats for sale

Westleigh Road, Leicester LE3

An outstanding opportunity to acquire a freehold multi-unit building offering immediate rental income and future growth potential, located in a popular and well-connected area. This spacious three storey property has been recently refurbished throughout, giving you a modern, low maintenance investment from day one.

The layout comprises:

- Ground Floor – Two self-contained studio apartments, both currently let out to reliable tenants.
- First Floor – A well proportioned two bedroom flat with separate lounge, fully fitted kitchen, family bathroom, and additional W/C. Currently on the market for rent and expected to be let shortly.

- Second Floor – A bright and stylish one bedroom flat with open-plan lounge/kitchen and modern bathroom. Also currently advertised for rent.

Tenants also enjoy access to a communal garden, offering a pleasant outdoor space – a real plus in today’s rental market.

Property Features:

- Freehold
- Recently refurbished interiors throughout
- Three-storey building with multiple self-contained units
- Ground floor: 2 studio flats (both currently let) with kitchens & bathrooms
- First floor: 2 bedroom flat – currently advertised for rent
- Second floor: 1 bedroom flat – currently advertised for rent
- Communal garden for tenants
- Strong likelihood of full occupancy shortly after purchase
- Close to shops, transport links, and local amenities
- Great rental yields and strong tenant demand
- Ideal turnkey buy-to-let investment

Location & Amenities:

- Local Shops & Supermarkets – 0.2 miles (4 mins walk) to Tesco Express, 0.5 miles to Aldi
- Public Transport – 0.3 miles to local bus stops with frequent routes to the city centre, 0.6 miles to the nearest train station
- Schools – 0.4 miles to St. Mary’s Primary School, 1.1 miles to Greenfield Secondary School
- Leisure & Parks – 0.7 miles to Riverside Park, 1.5 miles to local leisure centre and swimming pool
- Dining & Entertainment – 0.4 miles to a variety of cafés, restaurants, and takeaways
- City Centre Access – Just 2.8 miles to the city centre with major shopping, business, and cultural amenities

Investment Potential

Opportunities like this don’t come up every day. With two units already producing income, the other two actively marketed and likely to be let very soon, you could be stepping into a property that’s generating full rental income almost immediately after completion.

This property offers:
- Annual rental income: £37,200
- Rental Yield: 7.44%
- Multiple income streams from four self-contained units
- Minimal void risk thanks to strong demand for rental accommodation in the area
- Ready-to-let condition following recent refurbishments – no need for costly upgrades
- Appeal to a broad tenant base including professionals, small families, and students
- Capital growth potential due to freehold status and desirable location

For a landlord, this means less time chasing tenants and contractors, and more time watching your investment grow. It’s rare to find a freehold with this level of flexibility, condition, and yield potential all in one package.

Don’t miss this unique freehold opportunity. Contact Raichand Properties to arrange a viewing and discuss potential rental returns in more detail.