Introduction
Tourism in Leicester plays a pivotal role in shaping the buy-to-let landscape, offering investors who partner with us at 365 Invest a compelling case for strategic advantage. Tourism in Leicester not only bolsters the local economy but also drives demand for both long-term and short-let rental stock, creating a vibrant market for property investors. In this article, we delve into how Tourism in Leicester intersects with our developments, rental demand, and investor returns, with a specific focus on our Leicester projects such as The Old Ground and Bosworth House.
Tourism in Leicester and Its Growing Economic Impact
Tourism in Leicester has experienced remarkable growth, with visitor numbers rising and the economic impact now standing at almost £2.4 billion for Leicester and Leicestershire in 2023. That figure represents a 15.5 percent increase over the prior year, with the city itself welcoming 10.24 million visitors and supporting over 8000 jobs in the visitor economy within the city alone. Robust growth in Tourism in Leicester strengthens the city’s hospitality, retail, travel, and cultural sectors, enhancing prospects for short-stay and serviced-accommodation markets, as well as raising rental demand more broadly.
Rental Demand
Investors exploring Tourism in Leicester should recognise how the city’s rich cultural and historical appeal supports consistent rental demand. Attractions like the King Richard III Visitor Centre, the National Space Centre, Leicester Cathedral, and Curve Theatre draw both domestic and international tourists. Additionally, the city’s large-scale festivals, such as Diwali on the Golden Mile and Caribbean Carnival, further enhance seasonal visitor flows, bolstering short-let opportunities.
Though our primary focus is on longer-term rentals, Tourism in Leicester supports a thriving ecosystem that enhances capital values and yields across all segments, from student lets to professional tenancies to holiday-style short lets, especially around cultural events.
Infrastructure Regeneration
Tourism in Leicester has benefited substantially from the city’s ongoing regeneration. The city’s infrastructure improvements, including a new destination management website to better promote Visit Leicester, and the accreditation of Leicester and Leicestershire as a Local Visitor Economy Partnership (LVEP), are set to strengthen the city’s national visibility. Additionally, regeneration projects like Leicester Waterside are revitalising urban space and supporting leisure appeal.
All this environment enhancement supports Tourism in Leicester and ensures that areas near our developments like The Old Ground and Bosworth House benefit from improved accessibility, amenity provision, and long-term desirability.
Our Developments in Leicester
At 365 Invest, we consider Tourism in Leicester when sourcing developments that combine strong fundamentals with visitor-powered locational appeal. The Old Ground, near the former Filbert Street stadium, is well placed for students, professionals, and NHS staff, thanks to proximity to De Montfort University, the University of Leicester, and Leicester Royal Infirmary, while also being centrally located for cultural attractions. Bosworth House, in the city centre, offers excellent connectivity, rental yield potential, and easy access to Leicester’s visitor hotspots.
Tourism in Leicester complements our investment case by underpinning demand fundamentals, creating tenant diversity across academic, professional, and tourist-related markets. Our developments deliver modern, energy-efficient apartments, with rental yields up to 6 percent gross for The Old Ground, and up to 10 percent net at Bosworth House.
Strategic Benefits for Buy-to-Let Investors
Tourism in Leicester adds several strategic layers to the investment proposition:
- Enhanced demand diversity, students, professionals, tourists, event-attendees.
- Infrastructure and place-marketing boost desirability and rental income potential.
- Regeneration enhances capital growth prospects across citywide developments.
Furthermore, our full-service approach, supporting investors from acquisition through financing, letting, and management, means we can help investors navigate both traditional lets and short-let opportunities arising from Tourism in Leicester.
Conclusion
Tourism in Leicester is not just about visitor numbers, it translates directly into stronger rental markets, higher yields, and improved capital prospects. For investors partnering with us at 365 Invest, Tourism in Leicester enhances the long-term value of our Leicester developments like The Old Ground and Bosworth House. With our in-house guidance and management, the combination of tourism-driven rental demand, ongoing regeneration, and student-plus-professional tenant bases makes buy-to-let with us in Leicester a compelling strategic choice.
If you’re considering buy-to-let investments in Leicester, especially within our city developments, we’re here to help you capitalise on the dynamic interplay between tourism, infrastructure, and rental performance.
