2 bed terraced house for sale

Norman Street, Leicester LE3

JG0769 -

investors only – tenanted until 2026 – £10,725 annual income – 5.8% gross yield

This charming two-bedroom terraced home presents a ready-made investment opportunity in a popular and convenient residential location. Currently let to students until 2026, the property generates an annual rental income of £10,725, equating to approximately £893.75 per month. With an asking price of £185,000, this delivers a gross rental yield of approximately 5.8%, making it an attractive option for buy-to-let investors seeking a well-positioned, income-producing asset.

The ground floor features two versatile reception rooms, the front of which is enhanced by a bay window that floods the space with natural light and adds character. The rear reception room leads into a fitted galley-style kitchen, creating a practical layout ideal for day-to-day living. Period features such as high ceilings and a decorative fireplace remain intact, adding warmth and charm.

Upstairs, the property offers two generously sized double bedrooms and a spacious family bathroom, all accessible from a central landing with built-in storage. The layout provides comfortable accommodation with potential for future upgrades or reconfiguration.

Externally, the low-maintenance rear yard includes private storage and gated access, offering practical outdoor space for tenants.

Situated in a well-established neighbourhood, the property is within walking distance of Narborough Road’s vibrant mix of shops, cafes, and amenities. Nearby schools include Shaftesbury Junior School and Fullhurst Community College, while excellent transport links connect the area to Leicester city centre, the A50, and the wider ring road network.

This is a hassle-free investment with a tenant already in place, long-term rental agreement secured, and immediate income from day one.