Often referred to as Darwin Crescent, the Peartree Farm development was built approximately 15 years ago, by Bryant Homes. A quiet and well-presented development comprising of 2 bedroom apartments and 2, 3 and 4 bedroom houses.
Situated on the outskirts of Loughborough it provides good access to road and public transport links to the Town, the M1 and East Midlands airport. Local amenities include Gorse Covert shopping centre which has a newly refurbished Morrison’s, a Community centre, a chip shop, and a post office. The area is covered by Dishley Grange medical centre in Hathern and is in the catchment area for Robert Bakewell Primary School. There is a golf driving range, restaurants, public houses and parkland nearby.
Typical tenants include young professionals and new families. These properties usually enjoy longer tenancies than comparable properties in the centre of Loughborough. They are also built to a good standard which should equate to less maintenance. Properties have sold recently between £113,000 to £340,000.
This area is predominately made up of, well proportioned, Victorian terraced properties. These are popular with renters due to their thick walls and small, easily maintained, gardens. There are also several gated apartment blocks, popular for their secure parking and presentation.
Both of the above will suit rail commuters and those who want access to the town centre on foot. The railway station links to Nottingham, Derby, Leicester and London’s St Pancreas. There is also a regular sprint bus to and from Loughborough University and an excellent bus services to Leicester and Nottingham. Primary schools include, Rendall Street and Cobden Street and Limehurst Academy for 11 years and over.
There is something for everyone in this popular area and the abundant terrace housing is easy to value due to the number of comparable rentals. Whilst the apartments are attractive to landlords looking to do less work, it is important to consider the impact of any service charges on your yield.
Built in the 1990’s Fairmeadows offers a variety of 2 to 5 bedroom houses which are popular with families and let quickly. It is situated south of Park Road, not too far from the university. Local amenities include a Tesco superstore and excellent public transport links as well as some lovely walks and cycle paths. The nearest schools are the highly regarded Outwoods Edge Primary and Woodbrook Vale Academy. The Loughborough Grammar and High schools are only a short distance away. This is an excellent area to consider purchasing a buy to let property with generally good rental yields, long term tenancies and few void periods.
Grange Park is a newer development built by William Davis with new phases still being released. A popular area with landlords from the outset. Being adjacent to the Fairmeadows development the same amenities apply.
These properties are popular with all types of professionals and consistently achieve above average rents for Loughborough.
Quorn is a highly desirable village, located to the south east of Loughborough, with good access to the A6, Loughborough and Leicester. It has an impressive range of bars, restaurants and boutique shops. As a result, there is a higher demand for rental properties here than anywhere else in Charnwood and Landlords can achieve higher rents and properties see shorter void periods.
Due to the variety of properties we recommend that you bring us the details of any you are considering purchasing and we will be happy to give you our thoughts. Three areas we believe are particularly attractive for buy to lets are the Farley way development, David Wilson’s development on the edge of the village, and the Victorian terraced properties.
Often overlooked, Sileby has one of the highest ratio of rented vs owner occupied property in Charnwood.
Barrow Road and Cossington Road offer a popular mix of traditional terraced and semi-detached properties. To the north east of the village, on the Banks and Highgate Road, there are more modern properties which are always in demand. In the centre of the village there are also several old factory buildings which have been converted into stylish apartments. These are popular for their contemporary living space and character.
On the more affordable end of the property ladder, Sileby should offer those with a smaller budget a wider range of property for their money.
Shepshed is a small town to the west of Loughborough with a population of around 14,000. It is adjacent to the M1 and a short distance from East Midlands airport. There is also a good bus service to Leicester, Loughborough and Coalville. It has 4 primary schools and a high school and community college. There is a choice of medical centres and numerous shops, traditional pubs and cafes including a post office and family butchers. There are also 3 supermarkets, Tesco, Asda and the Co-op.
We recommend keeping an eye on the following areas for opportunities:
Garendon Road, Oxford street, Cambridge street; traditional Victorian terraced and semi-detached properties in the central areas of Shepshed. Fairway Road, Cumbrian Way, Trueway Drive; modern houses and apartments circa 1980’s. Weavers Avenue, Graham Perks Close; built approx 8 years ago Apartments and houses off Charnwood Road. Brook Street, Countrymans Way and Watts Drive; recent apartment conversions. Forest Street, The Lant, Kirk Hill and Kidger Close; apartments for their central location.
Like Sileby, Shepshed is an ideal area for investors with smaller budgets as it’ll provide a wider range of property and tenants as a result. With rents increasing nationally affordable places like Shepshed should fare well.