1-bedroom flat · LE2 6EY
Listing removedReduced £5k (−3.8%) on 21 JunListed 258 days
Opportunity summary
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About
Call to arrange A viewing This comfortable, modern one bedroom apartment is located within the prominent Grade II Listed Wheatsheaf Works Building in Leicester which dates back to 1891.
This Iconic Red Brick Industrial Building was pivotal to the British Empire's shoe manufacturing industry in the early 20th Century and was sympathetically converted into a number of smart modern homes in 2015 whilst maintaining the building’s character and charm.
With No Upward Chain, this modern apartment has an open plan living/kitchen/dining area that creates an inviting and comfortable living space.
The stylish interior is ready to move into and the distinctive exposed red brick walls add character and warmth.
Very tall windows provide an abundance of natural light that fills the apartment, while high ceilings enhance the overall sense of space.
Secure building-entry systems add to the comfortable and safe environment at The Wheatsheaf Works and the apartment also benefits from access to a unique communal courtyard with well-maintained planters, decked flooring and plenty of seating options; providing an attractive, comfortable retreat from busy city life and a pleasant area to relax outdoors.
The Wheatsheaf Works development is ideally situated for easy access to local amenities, transport links, and the vibrant city centre, making it perfect for those seeking a dynamic urban lifestyle with the added bonus of a comfortable safe communal space.
Whether you are looking for a stylish, safe and comfortable First Time Home or a Smart Buy-to-Let opportunity (with a potential gross yield of 8%), this property combines the best of contemporary living within the character and charm of a unique historic building in Leicester.
The Lease details are as follows: 114 years remaining on the lease Service Charge - £210 per month approximately Ground Rent - £230 per annum EPC Rating: C Location Located in the vibrant area of Clarendon Park which is close by to an excellent array of local amenities including shops, cafes, bars, restaurants, schools, and supermarkets.
As well as convenient transport links to Leicester city centre, Leicester Royal Infirmary, Leicester Train Station, Leicester and De Montfort University, there is also easy access to the ring road, Fosse Park and M69 / M1 motorways.
Hallway Generous carpeted hallway with an intercom (for the building-entry system) and access to the bathroom, bedroom, large boiler-cupboard and the open-plan Living/Kitchen/Dining Area.
A Central-Heating thermostat in the hallway controls radiators in the hallway and the connected bathroom and bedroom.
Boiler Cupboard The Boiler cupboard has space to accommodate a washing machine / dryer Bathroom With new comfortable flooring, the bathroom includes a bath with an overhead shower, a sink, a toilet, a heated towel rail, and an obscured double-glazed glass window (with a blind) Bedroom (2.92m x 3.17m) The Carpeted bedroom has two tall double glazed windows (with blinds), a fitted double wardrobe with sliding mirrored doors and a radiator Open Plan Living Area / Kitchen (4.45m x 3.96m) The carpeted Living Area has four very high double glazed windows (with blinds) that flood the room with natural light.
The Kitchen area has fitted cupboards, an integrated hob, oven and extractor fan, and a stainless steel sink, tiled flooring and the space for a fridge freezer.
There is a second Central-Heating thermostat in the Living Area controlling the two radiators in this Living Area.
Communal Garden There is Access to the communal courtyard area on the same level as the apartment which provides a unique well maintained large decking area with planters and plenty of seating for Wheatsheaf Works Residents.
Disclaimer Elliott’s Estate Agents makes every effort to ensure the accuracy of the property details provided in our marketing materials.
However, we advise all potential buyers that we do not guarantee the condition or suitability of any property, and buyers should conduct their own inspections and surveys.
All measurements are approximate and should be independently verified by the buyer.
Photographs and Floorplans are for illustrative purposes only and may not represent the current condition of the property.
Buyers are responsible for verifying the legal status and title of the property with their solicitor. Sales particulars are for general guidance only and do not form part of any offer or contract.
While we strive for accuracy, we accept no liability for any errors or omissions. Buyers should seek independent professional advice as necessary.
For further information, please contact Elliott’s Estate Agents directly.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About Apt 28, 21 Wheatsheaf Court, Leicester
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