2-bedroom flat · LE1 1SQ
For saleListed 19 daysAuction 27 Oct · in 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Online auction 26th - 27th October 2026 Fifth Floor Apartment with Two Bedrooms and Parking A fifth-floor apartment with two-bedrooms.
The accommodation offers, an open plan living area and kitchen, two-bedrooms, a bathroom plus and ensuite shower room. The flat has a large balcony and lots of natural light.
Additionally, there is residents parking. The property is centrally located with access to all amenities and transport links. The total approximate floor area, taken from the EPC is 73m3.
All services/appliances have not and will not be tested.
Tenure: Leasehold Title number: LT391078 Length of Lease/Term: 125 years from 2003 Ground Rent : £313pa Service Charge: £4,926.06pa Council Tax Band : C Local Authority: Leicester Finance is available on this lot.
For a decision-in-principle visit togethermoney.com/amydip/ IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid.
If you are the successful bidder, you are required to pay the deposit and auction fees immediately.
As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract.
You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor.
Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Tenure: Leasehold EPC Rating: D Administration Fee: No fee applicable.
Buyer's Premium Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1.2 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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
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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 Apartment 74, Alexandra House, 47 Rutland Street, Leicester, Leicestershire LE1 1SQ
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