2. Property Prices: Leicester's property prices are generally more affordable compared to some other major cities in the UK. This affordability can be attractive to landlords looking to enter the market or expand their portfolio. However, it's crucial to evaluate the specific neighbourhoods and property types to ensure a good balance between affordability and rental demand.
3. Infrastructure and Amenities: Leicester offers a range of amenities, including shopping centres, cultural attractions, and leisure facilities, making it an appealing place for residents. Good transport links, such as the motorway network and rail connections, can further enhance the attractiveness of the area.
4. Development and Regeneration: Consider the local development plans and regeneration projects in Leicester. Areas undergoing regeneration can present opportunities for future capital growth and increased rental demand. Being aware of any planned infrastructure improvements or major investments in the area can be advantageous.
5. Local Regulations and Legislation: Familiarise yourself with the local landlord regulations, licensing requirements, and any recent changes in legislation that may impact your investment. Compliance with legal obligations is crucial for a successful landlord-tenant relationship.
As with any investment, it's recommended to consult with property professionals, such as local real estate agents and property management companies, who have in-depth knowledge of the Leicester market. They can provide valuable insights and guidance specific to your investment goals and circumstances.
Written by First 4 Lettings
