1-bedroom flat · LE3 2XQ
To rentListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available to let off Narborough Road South, within walking distance of Fosse Park, is this newly refurbished one bed, first floor flat.
Having been completely refurbished throughout, with new kitchen, bathroom, décor flooring and heating system, the property comprises of inner hallway with storage, fitted kitchen with oven, washing machine and fridge freezer.
Lounge with dining table and chairs & sofa. Bedroom with double bed and wardrobes. Lovely brand new bathroom with suite and electric shower.
(seating in lounge may be different to that shown in photo) The property is available now and is let furnished and is well positioned for access to Leicester City, M1 & M69.
Rent £850.00 PCM exclusive of all outgoings Deposit £980.00 Holding Deposit £196.00 Council Tax Band A EPC Rating C Broadband/mobile coverage can be checked by visiting :
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 Watergate Lane, Leicester
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