Studio flat · LE2 7NS
Sold STCListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
65 PRIMUS PLACE, 56 GATEWAY STREET, LEICESTER, LE2 7NS Asking Price: £58,950 This well-positioned student unit offers immediate rental income with tenancy already secured, making it an ideal addition to any property investment portfolio.
PROPERTY HIGHLIGHTS • Leasehold - 239 years remaining • Ground rent: £390 per annum • Service charge: £2,474 per annum • Management fee: 10.25% + VAT INVESTMENT PERFORMANCE • Current rental income: £177 per week (51-week tenancy) • Annual gross rental income: £9,027 • Gross yield: approximately 15.3% at asking price • Annual net rental income: £5,052.68 • Net yield: approximately 8.6% at asking price • Tenancy secured at the same rate and term for the following academic year WHY INVEST IN LEICESTER STUDENT PROPERTY?
Leicester is home to two major universities - the University of Leicester and De Montfort University - with a combined student population exceeding 40,000.
Demand for well-located student accommodation consistently outstrips supply, underpinning strong occupancy rates and rental resilience.
With tenancy already in place and renewed for the forthcoming academic year, this unit provides immediate, hands-off income from day one.
At an asking price of £58,950 and a gross yield in excess of 15%, this represents a compelling opportunity for both first-time and seasoned investors seeking strong returns in a proven rental market.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 65, Primus Place, Gateway Street, Leicester
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