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See how verdicts workStudio flat · LE2 7QY
For saleListed 419 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A contemporary studio flat situated on the first floor of Banks Block within The Old Ground development on Lineker Road, Leicester.
This newly built apartment offers modern living with high-quality finishes throughout.
The kitchen features contemporary handleless cabinets, high-quality worktops, matching upstands & splashbacks, a stainless steel integral sink, induction hob, and LED strip lighting under the wall units, creating a sleek and functional cooking space.
The apartment boasts engineered oak flooring in the living areas, ceramic tiled bathrooms, and soft carpeting in the bedroom zone.
Other premium finishes include brushed block stainless steel sockets & switches, varnished wooden doors, and high-quality matching curtains that complement the interior design.
Security and convenience are paramount, with secured gates at section entrances, digital access to main entry doors and gates, colour video access screens in apartment hallways, compliant smoke alarms, lockable letterboxes, and secure bike storage available for residents.
A £5,000 reservation fee is required to secure the property, and a limited number of parking spaces are available on a first-come, first-served basis with a reservation fee of £5,000.
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) - Mortgage Guarantee Scheme (95% Mortgages) - Existing Help to Buy ISAs (for buyers who already have them).
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 £961.00 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 advisers 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 12/Banks Block, 7 Lineker Road, Leicester
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