Albert Street, Loughborough

For Sale by Public Auction.

A two-bedroom freehold terraced property situated in a popular town centre location, offering an excellent opportunity for refurbishment and rental investment.

A well-positioned two-bedroom terraced property situated on the popular Albert Street, within easy walking distance of Loughborough town centre and its wide range of shops, restaurants, amenities and transport links. Offered with vacant possession, the property is considered well suited to both buy-to-let investors and those seeking a refurbishment project with the opportunity to add value.

The accommodation is arranged over two floors and currently comprises spacious lounge, kitchen/diner, breakfast room and downstairs bathroom. To the first floor are two generously proportioned bedrooms. Externally, the property benefits from a rear courtyard garden with an outside store, together with on-street parking. There is also a useful cellar providing additional storage.

The property is currently dated but habitable, providing scope for a purchaser to modernise and improve the accommodation to their own requirements. Following refurbishment, the property is anticipated to achieve a rental income of approximately £900 per calendar month, representing a potential gross rental yield of approximately 9.0% based on the guide price of £120,000, before allowing for refurbishment costs, management, maintenance and other associated expenses.

The property occupies an attractive position for rental purposes, being close to Loughborough town centre, Loughborough railway station and Loughborough University, making it particularly appealing to tenants seeking convenient access to local amenities, employment and transport links.