1-bedroom flat · LE4 0RA
Sold STCReduced £5k (−4.3%) on 17 SepListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Offered to the market with no upward chain, this beautifully presented top floor apartment represents an excellent opportunity for both first-time buyers and investors alike.
With a potential rental income of approximately £850 per calendar month, the property offers an attractive gross yield of around 8.5%.
The accommodation is generously proportioned throughout and briefly comprises an inviting entrance hall with access to a boarded loft via a drop-down ladder, providing excellent additional storage space.
The impressive living room is flooded with natural light thanks to a large window, creating a bright and welcoming space ideal for relaxing or entertaining.
Situated at the end of the hallway, the modern fitted kitchen features a comprehensive range of wall and base units, a breakfast bar, integrated microwave, freestanding fridge/freezer, five-ring gas hob with extractor hood over, electric oven, and sink with drainer.
The kitchen is further complemented by a well-appointed utility room offering additional storage, plumbing for a washing machine and dryer, and housing the wall-mounted boiler.
The property also benefits from a spacious double bedroom, finished to a high standard and providing ample space for bedroom furnishings.
Externally, the apartment occupies a pleasant position at the end of a quiet cul-de-sac, conveniently located within easy reach of local schools, amenities, and Leicester City Centre.
Further benefits include off-road parking. Early viewing is highly recommended to fully appreciate the space, condition, and investment potential on offer.
Council Tax Band: A Tenure: Leasehold (115 years) Ground Rent: £10 per year Service Charge: £948 per year
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
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FAQ
About 26 Portmore Close, Leicester
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