1 bed flat for sale

Winifred Street, Leicester LE2

A Proven Income-Producing Investment
This modern one-bedroom apartment at The Vera Mitchell Building, Leicester, LE2 7QW, presents an attractive opportunity for investors looking for a property with an established income history and strong occupancy performance.

Unlike a standard residential investment where projected rental figures may be based purely on estimates, this apartment comes with actual historical booking and income data demonstrating its ability to generate revenue.

The property has achieved strong occupancy levels of over 95% and generated approximately £15,600+ in gross income, with an average nightly rate of around £61, clearly demonstrating consistent demand and reliable short-term letting performance.

This level of performance highlights the property’s suitability for a range of high-demand tenant types, particularly those linked to the surrounding employment and education hubs.

Strong Location Driving Consistent Demand
One of the key strengths of this property is its exceptional location within Leicester’s most in-demand rental corridor.

The apartment is ideally positioned for:

Leicester Royal Infirmary & nearby hospitals – a major driver of short-term and mid-term lets, particularly for doctors, nurses, consultants, and medical professionals on 3–6 month placements or rotations
De Montfort University (dmu) – creating strong demand from students, visiting lecturers, and academic staff
Leicester city centre (approx. 700 metres away) – offering immediate access to retail, leisure, business, and transport links
This combination makes the property particularly attractive for corporate lets, nhs placements, and student-related accommodation demand, all of which support high occupancy and repeat bookings.

Current Booking Already Secured
The property is currently benefiting from a substantial forward booking, providing immediate income visibility and reinforcing ongoing demand.

The booking represents:

Over 150 nights secured
100% occupancy for the period
£9,600+ in gross booking value
Strong average nightly rate in excess of £60
This demonstrates continued confidence in the property from the short-term rental market and reduces initial void risk for an incoming investor.

Investment Return at £180,000
At a purchase price of £180,000, the property's historical gross income of approximately £15,600+ equates to an indicative gross income yield of:

8.69% gross yield

This is based on actual performance data and not projected figures.

On average, this equates to approximately:

£1,300 per month in gross income

This is before allowing for operating expenses, management costs, utilities, cleaning, maintenance, insurance, platform fees, service charges, financing costs and taxation.

Strong Occupancy Performance
The property’s performance is underpinned by consistently high demand, with occupancy levels averaging above 95% overall.

This level of occupancy is particularly strong for a short-term let and reflects the property’s appeal to:

Nhs and medical professionals on temporary placements
dmu students and visiting academics
City centre professionals and contractors
Short-stay corporate and relocation tenants
Modern One-Bedroom Accommodation
The apartment itself provides approximately 495 sq ft of well-designed living space.

It features a bright open-plan reception area, a modern fitted kitchen, a separate bedroom, and a contemporary bathroom.

A further benefit is air conditioning throughout, enhancing comfort for both short and extended stays.

The property benefits from mains electricity and water and is located within a modern, well-maintained development.

Location
Situated within LE2 7QW, the apartment benefits from one of Leicester’s most strategically positioned residential areas.

Its proximity to:

Leicester Royal Infirmary
De Montfort University
Leicester city centre (approx. 700m)
makes it exceptionally well-placed for consistent year-round rental demand, particularly from professional and student markets.

Why This Could Appeal to Investors
The key attraction is the combination of strong real-world income performance and a highly strategic location.

At £180,000, the property demonstrates an indicative 8.69% gross yield based on actual income history.

More importantly, the demand drivers are structural rather than seasonal, supported by:

Ongoing nhs placement cycles
Continuous student intake from dmu
Strong city centre employment base
High demand for short-term furnished accommodation within walking distance of key institutions
This creates a diversified and resilient tenant pool, reducing reliance on any single market segment.

Investment Opportunity
The property therefore offers an opportunity to acquire a modern apartment with an established income track record, strong occupancy performance, and a location that naturally supports high short-term rental demand.

At the £180,000 purchase price, the historic income performance indicates an 8.69% gross income yield, subject to ongoing market conditions and before all associated property and operating costs.

Investors should independently verify all income figures, booking arrangements, operating expenses, service charges, management arrangements, planning requirements, lease restrictions and any applicable short-term letting regulations before proceeding.

This is an income-focused investment opportunity where location-driven demand and proven occupancy performance combine to support strong ongoing rental potential.