2-bedroom flat · LE2 7JF
For saleListed 436 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in The Old Ground Development, within the Banks Block, the apartment offers premium contemporary living in one of Leicester’s most desirable new build schemes.
This stylish two-bedroom apartment features en-suite bathrooms for both bedrooms, a spacious living area, and a modern, fully equipped kitchen.
The kitchen showcases contemporary handleless cabinets, high-quality worktops, matching upstands and splashbacks, a stainless steel bowl sink, and integrated Bosch appliances (or similar).
An induction hob and LED strip lighting under the wall units add to the sleek, high-spec finish.
Throughout the apartment, high-end touches such as brushed block stainless steel sockets and switches, varnished wooden doors, engineered oak flooring in living areas, ceramic tiled bathrooms, and soft carpeted bedrooms combine comfort with design.
Tastefully matched curtains complement the overall decor, creating a refined and welcoming home environment.
Residents benefit from excellent security features including secured gates at section entrances, digital access to main doors and gates, colour video access screens in each apartment hallway, lockable letterboxes, and secure bike storage.
A dedicated car parking space is also included with the apartment for added convenience.
Situated just a short walk from both De Montfort University and the University of Leicester, Leicester Royal Infirmary, and major employment hubs, The Old Ground offers excellent access to education, healthcare, and work opportunities.
Apartment 2 in the Banks Block is ideal for professionals, students, and city dwellers seeking quality, comfort, and connectivity in a vibrant urban location There is a £5,000 reservation fee to secure the property.
Government-backed schemes that support first-time buyers - Buyers pay no Stamp Duty Land Tax (sdlt) up to £300,000 - Lifetime isa (lisa), Buyers can save up to £4,000/year with a 25% government bonus (up to £1,000 per year) Property Ownership Information Tenure Leasehold Council Tax Band Ask agent Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £1,940.60 Service Charge Review Period No review period Lease End Date 01/01/3024 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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 advisors 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
Agent & docs
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FAQ
About Apartment 2/Banks Block, 7 Lineker Road, Leicester
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