The smartest property investments are often found in cities with strong economic fundamentals and a clear path for future growth. Leicester is one of those cities, consistently ranking as a top location for economic performance and experiencing a population boom that fuels high housing demand. This upward trend creates a secure environment for property investors. The development at 96 Jarrom Street, Leicester, is strategically placed to capitalize on this momentum. Situated near major employers like the NHS Leicester Royal Infirmary and De Montfort University, it offers a modern housing solution right where it’s needed most, ensuring your investment is built on a foundation of genuine local demand.
Key Takeaways
- Invest Where Demand is Guaranteed: The property’s prime location near the Leicester Royal Infirmary and major universities means you’re tapping into a reliable, built-in stream of professional and student tenants.
- Secure Impressive Returns and Future Growth: This development is structured for strong financial performance, with projected returns of 18% or more and significant potential for capital appreciation as Leicester continues to expand.
- Enjoy a Truly Passive Investment: Our turn-key management solution handles everything from finding tenants to managing maintenance, allowing you to benefit from property ownership without the day-to-day landlord responsibilities.
Why Invest in 96 Jarrom Street, Leicester?
When you’re looking for a property investment, you want something that ticks all the right boxes: a great location, high tenant demand, and modern features. 96 Jarrom Street is one of those rare opportunities. This residential development is perfectly positioned to meet the needs of a growing city, making it a standout choice for investors. Let’s walk through exactly what makes this property a smart addition to your portfolio.
A Prime Location in a Thriving City
Location is everything in property investment, and 96 Jarrom Street is in a strategic sweet spot. It’s right near the NHS Leicester Royal Infirmary and close to major universities, including the University of Leicester. This prime positioning creates consistent tenant demand from medical professionals, hospital staff, and students. You have a built-in pool of potential renters. This isn’t just a convenient address; it’s a location at the heart of Leicester’s economic activity, ensuring your property remains a desirable rental.
What Makes This Development Stand Out?
This development was purpose-built to address a specific gap in the local rental market. The project features 122 private homes, mostly one-bedroom flats (116), plus a few studios and a two-bedroom apartment. This mix is intentionally tailored to serve the hospital workers, young professionals, and students actively searching for quality rentals in the area. By investing here, you’re providing a direct solution to a known housing need, which is one of the smartest ways to secure a reliable rental income.
A Quick Look at the Building’s Specs
Beyond its location, 96 Jarrom Street offers the modern amenities that attract quality tenants. The building is designed for a comfortable lifestyle. Select apartments have private balconies, and all residents can use a shared roof terrace. Inside, you’ll find common lounges and laundry rooms that foster community. Practical needs are also covered, with secure storage for 100 bikes and accessible parking spots. These thoughtful features make the building more than just a place to live—they create a complete living experience that tenants truly value.
What is the Investment Opportunity?
Let’s talk numbers. Understanding the financial side of a property investment is key to making a confident decision. This development isn’t just about beautiful apartments; it’s a carefully structured opportunity designed for strong returns. From the accessible starting price to the impressive projected yields, every detail has been considered to create a compelling case for investors. Below, we’ll break down exactly what you can expect in terms of costs, returns, and long-term growth potential at 96 Jarrom Street.
Starting Prices and Available Discounts
Getting into the Leicester property market is more accessible than you might think. Homes in The Vera Mitchell Building start from just £170,250, offering a competitive entry point for such a prime, new-build development. This pricing makes it an attractive option whether you’re a first-time investor or looking to diversify your existing portfolio. By securing a property at this early stage, you position yourself to benefit from future capital appreciation as the area continues to develop. Our team can also walk you through any available early-bird discounts or offers that can further improve your initial investment, ensuring you get the best possible value from day one.
Projected Returns and Rental Yields
This is where the opportunity truly shines. Investors in 96 Jarrom Street can anticipate impressive returns of 18% or more. This figure isn’t just a number; it’s a reflection of Leicester’s strong rental demand and the high-quality finish of the apartments, which will attract reliable, long-term tenants. High rental yields are the cornerstone of a successful buy-to-let strategy, providing you with a consistent monthly income stream. In a market where tenants are actively seeking modern, well-located homes, this development is perfectly positioned to deliver the kind of performance that builds lasting wealth and provides a steady cash flow for years to come.
Potential for Capital Growth
A great investment delivers more than just monthly rent; it grows in value over time. With its prime location and high-end features, 96 Jarrom Street is poised for significant capital appreciation. The combination of Leicester’s economic growth and the ongoing demand for quality housing creates the perfect environment for property values to increase. This means that in addition to your rental income, the actual asset you own is likely to become more valuable. For long-term investors, this potential for capital growth is a crucial part of the overall financial picture, helping you build substantial equity over the life of your investment.
What is the Initial Deposit?
To secure your apartment at 96 Jarrom Street, the initial deposit required is £51,075. This payment is your first step toward ownership and locks in your chosen unit at the current price. Think of it as your commitment to the property, which allows the development to move forward. Breaking down the investment into manageable stages like this is standard for off-plan purchases and makes the process feel much more straightforward. Our team is here to guide you through the payment structure, ensuring you have a clear understanding of the financial milestones from your initial deposit all the way to completion.
A Guide to Your Financing Options
Arranging the financing for an off-plan property can feel complex, but you’re not alone in this. The project is backed by reputable lenders, which adds a significant layer of security for buyers. For instance, the respected consultancy Stace is monitoring the development on behalf of the main lender, Hilltop Credit Partners. This kind of professional oversight demonstrates the project’s viability and financial stability. At Portico Invest, we help our clients understand their financing options and connect them with trusted mortgage advisors who specialize in buy-to-let and off-plan properties. We’re here to make sure you feel supported and informed as you arrange the funding for your investment.
Live in Style: Premium Features and Amenities
A property’s appeal goes far beyond its location. The features and amenities on offer are what turn a simple flat into a desirable home, attracting high-quality tenants who are happy to stay for the long term. For you as an investor, this means a property that’s easier to let and manage, leading to lower void periods and a more stable return. At 96 Jarrom Street, every detail has been considered to create a living experience that stands out from the competition.
The development thoughtfully combines private comfort with community-focused spaces, giving residents the best of both worlds. From private balconies where they can enjoy a quiet moment to shared lounges designed for connection, the building is built to support a modern, convenient lifestyle. These thoughtful additions are exactly what today’s renters are looking for, making 96 Jarrom Street a smart choice for your property portfolio. It’s not just about providing a roof over someone’s head; it’s about offering a place they are proud to call home. This focus on quality of life is what secures reliable tenants and protects the long-term value of your investment. Let’s walk through what makes this development so special.
A Look Inside the Apartments
Step inside any of the 122 private residential units and you’ll find a space designed for modern living. The development primarily consists of 116 stylish one-bedroom flats, perfectly suited for the city’s growing population of young professionals, hospital workers, and students. Each apartment is a blank canvas, offering a bright, contemporary environment where tenants can feel right at home. The focus on practical, well-designed layouts ensures that every square foot is put to good use. This creates a comfortable and functional living space that not only looks great but is also easy to maintain—a key consideration for both tenants and landlords.
Private Balconies and Outdoor Spaces
In a busy city, a little private outdoor space is a huge asset. Select apartments at 96 Jarrom Street feature their own private balconies, offering a personal spot to enjoy a morning coffee or unwind after a long day. This feature alone can make a property stand out in rental listings. Beyond the individual flats, all residents have access to a shared roof terrace. This communal area provides a fantastic social space to connect with neighbours and enjoy wider views of the city. It adds a significant lifestyle benefit that makes the entire building more attractive to prospective tenants, helping your property get snapped up quickly.
Shared Spaces for Community and Convenience
96 Jarrom Street is designed to foster a sense of community and make daily life easier. The building includes welcoming common areas and lounges where residents can relax and socialize. Practical needs are also covered with on-site laundry rooms, taking the hassle out of errands. For those who cycle to work or university, the secure storage for 100 bikes is a major plus. These shared amenities create a more connected living environment and provide the kind of convenience that modern renters value highly.
Smart, Sustainable Design
The design of 96 Jarrom Street is both smart and strategic. By focusing on one-bedroom flats, the development directly meets the demands of Leicester’s key demographics. This targeted approach means your investment is perfectly aligned with the local rental market, ensuring strong and consistent tenant interest. As a new build, the property also benefits from modern construction standards, which typically means better energy efficiency. For tenants, this translates to lower utility bills—a compelling reason to choose this building over older, less efficient properties. For you, it means a more sustainable and future-proofed asset.
Your Safety and Security
Feeling safe and secure is fundamental to enjoying your home. This modern development is built with resident safety in mind, featuring secure entry systems and well-maintained common areas to ensure peace of mind. As a key part of Leicester City Council’s plan to deliver high-quality new homes, 96 Jarrom Street is built to a high standard. This commitment to quality not only provides a safe environment for residents but also gives you confidence in the long-term value and integrity of your investment.
Top Reasons to Invest in 96 Jarrom Street
When you’re looking for a property investment, you want more than just bricks and mortar; you want a solid case for why it’s the right choice for your portfolio. 96 Jarrom Street presents a compelling opportunity backed by strong market fundamentals, a strategic location, and the kind of features that attract quality tenants. Let’s walk through the key reasons this development stands out as a smart investment in Leicester.
Meet Leicester’s High Housing Demand
One of the surest signs of a sound property investment is strong, sustained demand. Leicester is a city that needs more homes, plain and simple. This development directly addresses that shortage, aligning with Leicester City Council’s goal to build nearly 40,000 new homes by 2036. For you as an investor, this high demand translates into a larger pool of potential tenants, reduced void periods, and greater security for your rental income. You’re not just buying a property; you’re providing a much-needed solution in a growing city.
Secure a High-Yield Investment
At the end of the day, the numbers need to make sense. This development is designed to deliver impressive financial results. With a high-yield investment structure, investors can anticipate returns of 18% or more. This level of return is a powerful indicator of the project’s financial viability and its potential to perform as a strong, income-generating asset. It’s an opportunity to put your capital to work in a development that is structured for significant financial growth from the outset.
Capitalize on a Prime Location
Location is everything in property, and 96 Jarrom Street is situated in a prime spot to attract a diverse and stable tenant base. Its close proximity to both De Montfort University and the Leicester Royal Infirmary makes it an obvious choice for students, university faculty, and healthcare professionals. This built-in demand from large, local institutions provides a consistent stream of potential tenants who need quality housing close to where they work and study, making it a strategic choice for any landlord.
Attract Tenants with Modern Amenities
Today’s renters expect more than just a place to live; they want a lifestyle. This development is equipped with the modern amenities that make a property truly stand out. With features like private balconies, a communal roof terrace, resident lounges, and secure storage for 100 bikes, it offers a complete living experience. These thoughtful additions make the apartments highly attractive to discerning tenants, allowing you to command competitive rent and secure occupants who will appreciate and care for their home.
Invest with Confidence
Your peace of mind is paramount. It’s important to know that this development is a well-managed and professionally vetted project. The construction process is being overseen by the respected consultancy firm Stace, who are monitoring the project on behalf of the lender. This additional layer of professional oversight ensures that the development adheres to high standards from start to finish. It’s a mark of quality and diligence that allows you to invest with the confidence that your asset is in capable hands.
How Does the Purchase Process Work?
Investing in an off-plan property might seem complex, but we’ve streamlined the entire experience to be as clear and simple as possible. Our team is here to guide you through every stage, from your initial reservation to the day you get the keys. We handle the details so you can focus on the excitement of your new investment. Below is a straightforward look at what you can expect when you decide to purchase a property at 96 Jarrom Street. We believe in complete transparency and are always available to answer any questions you have along the way.
Your Step-by-Step Buying Guide
Once you’ve chosen your ideal apartment at 96 Jarrom Street, the first step is to reserve it with a small reservation fee. This takes the property off the market. From there, we’ll guide you through instructing a solicitor to handle the legal work. The next key milestone is the exchange of contracts, which is the point where the purchase becomes official and legally binds you to the transaction. At this stage, you’ll pay the initial deposit. Our team will coordinate with your solicitor to ensure all paperwork is handled efficiently, keeping you informed at every step so you always know what’s happening and what’s next.
A Clear Breakdown of the Payment Structure
We believe in a transparent payment process with no surprises. After you reserve your unit, the main financial step is paying the initial deposit when you exchange contracts. Your solicitor will transfer this deposit to the developer’s solicitor, securing your purchase. The remaining balance of the property price isn’t due until the project is complete and ready for handover. On the completion date, your solicitor will handle the transfer of the final funds, and you will officially take ownership of the property. We’ll provide you with a clear payment schedule from the start, so you can plan your finances with confidence and clarity.
Our Hands-Off Property Management Solution
Your journey with us doesn’t end once the purchase is complete. As part of our turn-key service, we offer a comprehensive property management solution designed for a stress-free investment experience. This means you don’t have to worry about the day-to-day tasks of being a landlord. Our dedicated team will find and vet high-quality tenants, handle all maintenance and repairs, and manage rent collection on your behalf. This service allows you to manage your investment from anywhere in the world, giving you peace of mind while you enjoy the returns from your property. It’s the ideal solution for both overseas and local investors seeking a passive income stream.
What is the Project Completion Timeline?
For an off-plan development like 96 Jarrom Street, the timeline from exchanging contracts to completion is tied to the construction schedule. We provide all investors with a clear estimated completion date from the outset. While the construction progresses, we’ll keep you updated with regular progress reports. Once the building work is finished, the final legal steps of the conveyancing process will take place. Factors like the speed of mortgage approvals and legal checks can influence the final handover date, but our team works proactively with all parties to ensure a smooth and timely completion, getting your property ready for tenants as quickly as possible.
A Snapshot of the Leicester Property Market
Leicester is more than just a historic city; it’s a forward-moving hub of opportunity for property investors. The city’s strong economic performance, growing population, and strategic development plans create a compelling case for investment. Understanding the local market dynamics is the first step toward making a smart decision, and the numbers for Leicester speak for themselves. This isn’t just about buying a property; it’s about investing in a city with a clear vision for growth and a proven track record of success. Let’s look at the key factors that make Leicester, and specifically 96 Jarrom Street, such an attractive prospect.
Key Indicators of Economic Growth
When you’re looking for a place to invest, you want a city that’s on the rise. Leicester consistently ranks in the top 20 UK cities for “Good Growth,” even outperforming major players like Manchester and Birmingham in certain areas. This isn’t just a fluke; it’s a sign of a robust and resilient local economy. For an investor, this economic stability translates into a reliable rental market and a greater potential for your property’s value to increase over time. You’re placing your investment in a city that has demonstrated its ability to thrive, making it a solid foundation for your portfolio.
The Numbers Behind Local Housing Demand
A strong economy attracts people, and those people need places to live. Leicester is experiencing significant population growth, creating a high demand for quality housing that currently outpaces supply. To address this, Leicester City Council has set an ambitious goal to facilitate the construction of 39,400 new homes between 2020 and 2036. Developments like 96 Jarrom Street are essential to meeting this target. For you as an investor, this housing shortage means your property will be in high demand, leading to fewer void periods and a steady rental income.
What’s Next for the Area?
Investing in 96 Jarrom Street means you’re part of a bigger picture. The development directly supports Leicester City Council’s strategic housing plan, which aims to thoughtfully expand the city’s residential offerings. This isn’t just random construction; it’s a coordinated effort to enhance the city and accommodate its growth. Being aligned with the council’s long-term vision adds a layer of security to your investment. It shows that the area is primed for continued development and public investment, which can only have a positive impact on your property’s future value and appeal.
An Analysis of the Local Rental Market
Today’s tenants expect more than just four walls and a roof. They’re looking for a lifestyle, and 96 Jarrom Street delivers. The building offers modern amenities that are highly sought after in the rental market, including private balconies in select units, a communal roof terrace, and resident lounges. Practical features like secure bike storage and laundry rooms add another layer of convenience. These premium touches make the apartments more attractive to high-quality tenants, allowing you to command a competitive rental price and secure a better return on your investment.
Future Growth Prospects for Investors
Ultimately, property investment is about the numbers. Leicester presents a powerful financial case, with some investment opportunities projecting returns of 18% or more. This figure reflects the combination of strong rental yields driven by high demand and the potential for significant capital growth as the city continues to develop. By investing in a prime location like 96 Jarrom Street, you position yourself to benefit from Leicester’s upward trajectory. It’s an opportunity to secure a high-performing asset in a market that shows every sign of continued strength.
How We Support You Every Step of the Way
Investing in property should be an exciting venture, not a stressful one. That’s why our full turn-key management solution is designed to handle every detail for you, from the moment you decide to invest until long after your tenants have moved in. We believe in building strong, lasting relationships with our investors, which means being your proactive partner every step of the way. Our goal is to make your investment experience completely hands-off, so you can enjoy the returns without the day-to-day responsibilities of being a landlord. We take care of finding tenants, maintaining the property, and managing the financials, ensuring your asset is always performing at its best. This comprehensive support is what allows our clients, whether they’re in the UK or overseas, to invest with total confidence and peace of mind.
Finding and Vetting Quality Tenants
One of the biggest concerns for any landlord is finding reliable tenants. Our team removes that worry entirely. We handle the entire process, from marketing your property to thoroughly vetting every applicant. The development at 96 Jarrom Street is designed to cater to hospital workers, students, and local professionals, giving us a clear picture of the ideal tenant. This focus allows us to target our marketing effectively and attract a high-quality pool of applicants. We conduct comprehensive background checks, including credit history, employment verification, and references, to ensure we place dependable individuals in your property. Our proactive approach helps secure consistent occupancy and protects your investment for the long term.
Keeping Your Property in Top Condition
A well-maintained property attracts better tenants and preserves its value over time. Our hands-off management service includes overseeing all maintenance and repairs, so you never have to deal with late-night calls or unexpected issues. The building itself is designed for modern living, with features that are both appealing and easy to maintain. With a roof terrace, communal areas such as lounges, and practical storage solutions, the property is built to stay in top condition. We conduct regular inspections and coordinate with trusted local contractors for any necessary work, ensuring everything is handled efficiently and cost-effectively. You simply get updates from us while we keep your investment pristine.
Managing Your Rental Income
Your investment is meant to generate income, and our job is to make that process seamless. We manage all financial aspects of your rental property with complete transparency. This includes collecting rent on time, handling any arrears, and providing you with clear, detailed financial statements each month. You’ll always know exactly how your investment is performing without having to chase payments or sort through paperwork. The project at 96 Jarrom Street has successfully created 122 new homes, strengthening the local rental market and creating a stable environment for rental income. Our streamlined process ensures your profits are deposited directly to you, making your buy-to-let investment a truly passive source of income.
Our Commitment to Your Long-Term Success
Our support extends far beyond the initial purchase and tenant placement. We view ourselves as your long-term partners, dedicated to the sustained growth and success of your property portfolio. Our strategy is aligned with the city’s own development goals. By contributing to Leicester City Council’s goal of building thousands of new homes, we are investing in a community with a bright future. This forward-thinking approach ensures that your property is not just a good investment now, but one that is positioned for capital appreciation for years to come. We are always available to offer guidance, market insights, and support to help you make the most of your investment.
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Frequently Asked Questions
What makes 96 Jarrom Street a particularly smart investment in Leicester? It’s the combination of factors that makes this opportunity so compelling. The development isn’t just a generic block of flats; it was specifically designed to solve a known housing shortage in a prime location. By being right next to the Leicester Royal Infirmary and major universities, it has a built-in, consistent demand from medical staff and students. This targeted approach means you’re investing in a direct solution for a clear market need, which is one of the most reliable ways to ensure steady rental income.
Who are the most likely tenants for these apartments? The location is the biggest clue here. Given its immediate proximity to the Leicester Royal Infirmary and De Montfort University, we anticipate the primary tenants will be healthcare professionals, hospital staff, and university students or faculty. The building’s focus on modern one-bedroom flats and convenient amenities like lounges and bike storage is perfectly suited to the lifestyle of busy professionals and academics who value a high-quality, low-maintenance home that’s close to where they work or study.
I’m interested in a hands-off investment. What does your property management service actually cover? Our turn-key management service means you can be completely hands-off after your purchase. We handle every single aspect of being a landlord for you. This starts with marketing your property and conducting thorough background checks to find excellent, reliable tenants. From there, we manage rent collection, handle all maintenance requests, and conduct inspections. You simply receive your rental income and clear financial reports from us, without ever needing to deal with the day-to-day operational tasks.
The blog mentions returns of 18% or more. What does this figure represent? That projected return is a comprehensive figure reflecting the investment’s overall financial potential. It’s a combination of the strong rental income you can expect to receive each month and the anticipated growth in the property’s actual value over time, which is known as capital appreciation. Leicester’s thriving economy and significant housing demand create an ideal environment for property values to increase, making this more than just a monthly income stream.
How can I be sure the final building will be high quality since I’m buying off-plan? This is a very important question for any off-plan purchase. To ensure your confidence, this project has an extra layer of professional oversight. A respected independent consultancy, Stace, is monitoring the entire construction process on behalf of the main lender. Their job is to make sure the build quality adheres to high standards and that the project progresses as planned. This provides valuable assurance that your investment is being constructed with diligence and care.