We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LE1 4QD
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prime new listing. We are excited to present this vacant two-bedroom flat, an excellent residential opportunity located within a prime location in Leicester.
Sales Evidence: **Flat 40,5 The Chimney, Junior Street, Leicester LE1 4QD sold for £145,000; Flat 70,42 Burgess House, Sanvey Gate, Leicester LE1 4BR sold for £135,000** For investors, this vacant property offers a potential rental income of £1,400 per month (£16,800 per annum) based on current market rates.
The property will be sold vacant and is presented in walk-in condition, making it ideal for first-time buyers, small families or investors seeking a readily lettable home.
The flat enjoys a convenient setting close to parks, restaurants, coffee shops, schools and easily accessible public transport links. Prime new listing.
We are excited to present this vacant two-bedroom flat, an excellent residential opportunity located within a prime location in Leicester.
The property comprises a bright and welcoming living room, a well-appointed kitchen, two spacious bedrooms, a practical toilet and ample storage throughout, offering comfortable accommodation with excellent day-to-day functionality.
For those seeking an investment purchase, this vacant property offers a potential rental income of £1,400 per month (£16,800 per annum) based on current market rates.
This presents a remarkable opportunity for buy-to-let investors looking to secure a readily lettable property in a sought-after location, while also appealing to owner-occupiers who want a home that is ready for immediate occupation.
The property will be sold vacant and is presented in walk-in condition, making it an excellent choice for first-time buyers, those looking for a conveniently located new home, or shrewd investors seeking an easily lettable property with strong appeal.
The property is located near a whole host of local amenities including parks, restaurants, coffee shops and schools, with public transport easily accessible nearby, adding to the overall convenience and desirability of the address.
The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The property benefits from no ground rent, an average monthly service charge of £250, and approximately 80 years remaining on the lease, providing useful clarity for prospective purchasers.
Excellent sales evidence in the area: **Flat 40,5 The Chimney, Junior Street, Leicester LE1 4QD sold for £145,000; Flat 70,42 Burgess House, Sanvey Gate, Leicester LE1 4BR sold for £135,000** This lot is open to immediate offers.
Should you wish to offer now, you can do so via our "Offer now" button on our website. This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team. The buyer will contribute £650 + VAT towards the seller's legal fees.
Location Leicester is a vibrant and well-connected city that continues to attract a broad range of buyers and tenants thanks to its strong mix of convenience, amenities and lifestyle appeal.
The area offers an excellent selection of shops, cafés, restaurants and everyday services, along with access to parks and green spaces for leisure and relaxation.
Families, professionals and students are all well catered for, with schooling options and reliable public transport links close at hand.
The city centre is easily accessible, making this a highly practical location for commuting, living and long-term rental demand.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 19, The Chimney, 5 Junior Street Leicester LE1 4QD
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