1-bedroom flat · LE1 5AW
To rentListed 34 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroomed third floor apartment conversion with gas central heating, carpets, wooden blinds and telephone entry overlooking Hotel Street.
The accommodation comprises of open plan lounge/dining area and kitchen with a range of white units and contrasting Oak block effect worktops, built in fridge freezer, stainless electric oven, gas hob, extractor fan, washing machine and storage cupboard.
There is a double bedroom with built in cupboard and bathroom having a bath with fully tiled surround and a mains shower over, fitted mirror and white sanitary ware.
The former Natwest Building in St Martins, Leicester has been redeveloped by Kaikoura Ltd after lying empty for many years. The building was designed by S Perkins and Pick and was built in 1900.
It is a spectacular building with giant coupled columns on the upper floor and two round domed angle towers.
This historic, landmark building is Grade II listed and sits between Hotel Street and Grey Friars within St Martins, close to Leicester Cathedral.
It is ideally situated for access to the City Centre and to Highcross Shopping Centre, the Cultural quarter and Curve theatre, Leicester and Demontfort Universities and to Leicester Royal Infirmary.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat#13, St Martins Court, 3 Hotel Street, Leicester
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