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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.
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Leicester City Council has prepared the final version of its Local Plan for consultation in the New Year.
A Local Plan sets out how local authorities propose to organise and allow development through the planning process for the next 15 years. It is a legal requirement that all authorities draw up and adopt a Local Plan.
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The Leicester Orbital - a new electric bus service taking passengers on an orbital route connecting key sites around Leicester has launched, and it's hoped it will help pull the city together making all corners easily accessible to everyone.
The Orbital service, which is the UK’s longest electric circular bus route, will connect estates and suburbs on the city’s outer ring road and beyond (that were traditionally seen as a little more isolated) with locations such as shopping centres, hospitals, employment areas and other key transport infrastructure.
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As the country becomes gripped in an energy cost crisis, Leicester homes are set to benefit from a range of cost-cutting energy efficiency improvements, as part of a multi-million scheme delivered by the city council, and landlords are urged to get involved.
