1-bedroom flat · LE9 7FS
Listing removedReduced £10.1k (−9.1%) on 21 JunListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well appointed, first floor apartment with first and second floor accomodation.
The property has the benefit of electric panel heating, sealed double glazing, modern fitted kitchen, bathroom with shower, spacious lounge/dining room and a first floor double bedroom.
Outside communal parking with an allocated car parking space. The property is ideally located close to all local amenities including local shops, schools and regular transport services.
All major road links such as the A5, M69, M6 and M1 are within commuting distance. Must be viewed. No chain. Ground Floor Communal Entrance.
Staircase leading to first floor apartment with upper floor. First Floor - Hall. (1.75 x 1.17.
(5'8" x 3'10".)) Staircase with dual hand rails leading to the second floor, smoke alarm and carbon monoxide alarm. Modern Kitchen (Rear). (3.18 (max) x 2.30 (max).
(10'5" (max) x 7'6" (max)) Stainless steel sink, range of attractive base and wall units (4 base, 4 wall and tall cupboard), associated work surfaces, split level ceramic hob, electric(fan assisted) oven, extractor hood, fitted washing machine, fitted fridge, ceramic wall tiling, double glazed window, laminate floor and further extractor fan.
Spacious Lounge /Dining Room (Front). (3.49 x 3.56. (11'5" x 11'8".)) Polished wooden floor, electric panel heater, twin double glazed windows and airing cupboard. Bathroom (Rear). (2.25 x 1.69.
(7'4" x 5'6".)) Full suite in white, panel bath with an electric shower and side screen, wash hand basin, low flush wc, ceramic wall tiling, ceramic tiled floor, obscure double glazed window and dimplex wall heater.
Second Floor Double Bedroom (Rear). (5.17 x 3.46. (16'11" x 11'4".)) Twin double glazed velux roof lights, electric panel heater, wrought iron spindled balustrade and laminate floor. Outside.
Communal parking with an allocated parking space. No 5.
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
Agent & docs
FAQ
About Flat 5, 1-5, New Street, Leicester
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