1-bedroom flat · LE5 0TL
For saleReduced £5k (−5.6%) on 16 SepListed 340 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom apartment offered to the market with no onward chain located on the ground floor of the sought after Grosvenor Gate development, a characterful period building located in Humberstone.
The property has undergone some improvements and modernisations including a stylish brand new kitchen complete with integral appliances, but is in need of further refurbishment, providing great opportunity for either first time buyers to put a stamp on a home or investors looking for a project to re-market or to expand their rental portfolio.
Internally the property comprises a welcoming L-shaped entrance hall with a cupboard housing the hot water tank, a bright and spacious lounge with three tall windows allowing ample natural light, a modern newly fitted kitchen with high gloss wall and base units and integral appliances including a fridge-freezer, dishwasher, electric oven, hob and extractor hood, a spacious double sized bedroom with ample space for furniture, and a three piece bathroom suite featuring modern fittings but is in need of cosmetic refurbishment.
Externally the property is set upon generous grounds boasting well-presented gardens, residents parking which is on a first-come-first-served basis, and easy access to local green spaces, shops, amenities, schools and transport links, with easy access into the City Centre.
Early viewing is highly recommended due to the property being realistically priced.
Additional information: Council Tax Band: B Local Authority: Leicester Lease Term: 125 years from and including 1 July 2005 - 105 years left Ground Rent: £100 per annum Service Charges: £1275 per annum Electric Heating & Mains Services *This information is based on information obtained via Land Registry and/or the vendor at the point of listing and will therefore need to be confirmed by a solicitor* Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract.
Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose.
Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations.
Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate.
Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves.
Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure To be confirmed by the Vendor’s Solicitors Possession Vacant possession upon completion Viewing Viewing strictly by appointment through The Express Estate Agency
Value & comps
No previous sales on record.
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 asking
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 Apartment G31, 49, Grosvenor Gate, Leicester
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