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2-bedroom flat · LE3 0GR
For saleListed 342 days
Opportunity summary
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About
A modern and well-presented lower floor apartment of approximately 818 sqft (76 sqm) within a gated development, near to the Grand Union CanalRiver Soar.
The property briefly comprises; hallway with an intercom entry system, open plan living kitchen, master bedroom with built in wardrobes, a further bedroom and bathroom.
Externally, allocated parking for one vehicle. The estimated rental value for the flat is £12,000 pax (£1,000 pcm) which equates to a 9.6% yield.
Location The River Buildings is located on Western Road, which is situated off Narborough Road.
The property benefits from being located within close proximity to an array of amenities including convenience stores, restaurants, Leicester Royal Infirmary, De Montfort University and is within walking distance to Leicester City Centre.
The area benefits from transport links to and from areas of Leicester and is near to the M1/M69.
Description A modern and well-presented lower floor apartment of approximately 818 sqft (76 sqm) within a gated development, near to the Grand Union CanalRiver Soar.
The property briefly comprises; hallway with an intercom entry system, open plan living kitchen, master bedroom with built in wardrobes, a further bedroom and bathroom.
Externally, allocated parking for one vehicle. The estimated rental value for the flat is £12,000 pax (£1,000 pcm) which equates to a 9.6% yield.
Accommodation All measurements are approximate: Entrance Hallway Radiator, power points, pendant light fitting, intercom entry system.
Living Kitchen 22' 2'' x 15' 10'' (6.75m x 4.82m) Open plan living kitchen comprising: Lounge: Double-glazed full-length window, radiator, power points, pendant light fittings.
Kitchen: Wall mounted units, base units and drawers, stainless steel sink with hot and cold mixer tap, four burner induction hob with stainless steel splashback and extractor fan over, electric oven, dishwasher, fridge/freezer point, boiler, radiator, power points, spotlights.
Master Bedroom 15' 8'' x 11' 6'' (4.77m x 3.50m) Double glazed window, built in wardrobes, radiator, power points, pendant light fitting.
Bedroom Two 11' 8'' x 10' 8'' (3.55m x 3.25m) Double glazed window, radiator, power points, pendant light fitting.
Bathroom 7' 8'' x 6' 10'' (2.34m x 2.08m) Double glazed window, panelled bath with mixer tap, shower cubicle, pedestal wash hand basin with mixer tap, wall mounted mirror unit, tile splashback surrounds, pendant light fitting.
Outside Allocated parking for 1 vehicle. Tenure Leasehold.
We have been advised that there is a 125-year lease with 103 years remaining, and a combined service charge and ground rent of £2,253.48 per annum. Council Tax The property falls within Band C.
Services The services, fittings and appliances (if any) have not been tested by the agents. Local Authority Leicester City Council.
Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester LE1 6FB Tel: Email:
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About Western Road, Off Narborough Road
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