2-bedroom flat · LE1 3AH
For saleReduced £8k (−8.9%) on 5 JulListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** the uk's biggest open house event ** 24th, 25th & 26th April call spencers leicester today to secure your viewing ***offered for sale with no upward chain*** Spencers are pleased to present this two bedroom apartment to the market.
Located in the city centre of Leicester providing easy access to an array of local amenities, the Curve Theatre, various bars, restaurants and cafes.
The property is an excellent investment opportunity which is available for a fresh tenancy agreement and enjoying immediate income circa 9.73% gross yield with a secure assured short hold tenancy agreement with a tenant who would like to renew, subject to contract.
Entrance Hall Open Plan Living Room Bedroom One Bedroom Two Bathroom Off Road Parking is available for £50pcm Lease Information: Over 100 Years Remaining Service Charge: £2,800 per annum Ground Rent: £200 per annum
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Flat 216, The Exchange, 5, Lee Street, Leicestershire
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