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In a response to climate change and to help improve biodiversity, a new ten-year plan to manage Leicester’s vast urban grassland has been rolled out.
Around 14 per cent of Leicester’s total surface area is council-managed grassland. That includes parks, public squares, roadside verges, grassed areas on housing estates, meadows, and nature areas.
But rather than keeping every square metre of this valuable resource manicured and match-ready all year round, a new strategy sets out how managed areas of longer grass can benefit the environment and provide space for nature to thrive.
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Having been given the green light from Leicester City Council to demolish existing commercial units in the surrounding area for the planned Lee Circle 92-apartment complex, recent news has revealed the asking price has now dropped by £300,000.
Work is yet to begin on the site has since going on the market last October and the price has now dropped from £2.5 million to £2.2 million which has got potential interested parties talking.
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Plans to revamp Leicester’s railway station in a proposed multi-million-pound transformation is set to boost Leicester's ranking among workers across the UK, increasing it's viability as a commuter city. A likely increase to the city's population and invigorating the desire for property in and around that area of the city opens-up plenty of opportunities for new and portfolio landlords looking to expand with increased future ROI .
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A recent update from Leicester City Council announced major redevelopment of the A50/FiveWays junction, in northwest Leicester, to help make it safer for all road users, including cyclists and pedestrians, and improve the busy route for buses.
As part of the project, the council will completely redesign and overhaul the busy FiveWays junction which links Blackbird Road, Woodgate, Fosse Road North, Groby Road and Buckminster Road.
The project is expected to be complete by spring 2024 and is of particular interest to landlords who already have properties in this area and how the work will disrupt current residents, and also when completed, how the area will be more attractive to tenants - opening-up lots of potential for further or first-time investment in buy-to-lets.
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Narborough Road and Braunstone Gate will be the main focus of the next phase of improvements in the West End area of Leicester, with plans sure to increase the areas attractiveness to tenants and in turn buy-to-let landlords.
Covering a large area, and benefiting from a thriving Narborough Rd that boasts dozens of local businesses, the planned revamps of this and Braunstone Gate means it could well be worth landlords keeping a close eye on opportunities to snap-up cheaper property in the area and taking advantage of higher rent with the potential higher demand for lettings.
