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See how verdicts work2-bedroom flat · LE1 1LB
For saleReduced £30k (−13%) on 20 MayListed 316 days
Opportunity summary
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About
An attractive two bedroom, two bathroom apartment on the first floor of this historic building with direct passage through to a Japanese style Atrium and entry to a versatile, open-plan living space with three large windows and high ceilings flooding the space with natural light along with allocated parking.
Location - The Foister building is located in the heart of the city, with excellent access to the professional quarters and mainline railway station along with the Cultural Quarter which includes Curve Theatre and Phoenix Square Cinema, along with restaurants and shopping facilities.
The Foister building has been a city landmark for the last century, the Foister family operated the building from the 1930's into the millennium manufacturing children's clothes..
Accommodation - The property is entered via the original communal entrance hall, with an industrial yet contemporary feel, housing the intercom system, stairs and lift to all floors along with access to a magnificent Atrium with Zen Garden and water feature.
A solid wood front door leads into the apartment via a large private entrance hall with a cast iron radiator.
Living/dining/kitchen: The superb, spacious open plan kitchen area comprises an integrated SMEG stainless steel oven, four-ring gas hob and stainless chimney extractor unit above, a built-in corner storage cupboard, inset ceiling spotlights and non-slip flooring.
The area also provides a good range of wooden base level units with black preparation surfaces above, a stainless-steel sink and drainer unit with mixer tap, tiled splashbacks and eye level display cabinets, space for a fridge and dishwasher.
A Dining and living area with wood effect laminate flooring throughout has two large metal windows to the front and two feature cast iron “school style” radiators.
Such a spacious area even allows an addition of a compact study set up if desired.
Bedrooms: The spacious master bedroom has a metal window to the front, triple built-in wardrobes and an en-suite with white three-piece suite comprising a panelled bath, enclosed WC and pedestal wash hand basin with mirror and light above, a wall mounted storage cupboard, inset spotlights, part tiled walls and a cast iron radiator.
Bedroom two has a window, built-in triple wardrobes and separate boiler cupboard.
The bathroom has a white three piece suite comprising a corner shower cubicle, enclosed WC and pedestal wash hand basin with mirror and light above, a wall mounted storage cupboard, inset spotlights, part tiled walls and a towel rail.
Parking - The apartment benefits from one allocated parking space.
Lease Information - Whilst we make every effort to ensure these details are correct, they are subject to change, are not to be relied upon & MUST be verified by your Solicitor.
Tenure: Leasehold with a share in the Freehold Company. Lease Term: 999 years from 2001. Ground Rent: £125 per annum (paid to Freehold Managers Ltd).
Service charge: £2,000 per annum (including buildings insurance). Service charge review period & review increase: Annually.
Management: Butlins Plc Other Information - Local Authority: Leicester City Council Tax Band: D Conservation Area: St. George’s.
Services: All mains services, gas-fired central heating, automatic heating system. Broadband delivered to the property: Unknown.
Wayleaves, Rights of Way & Covenants: None out of the ordinary for an apartment block. Accessibility issues: This is a mid-floor apartment, there is lift access.
Planning issues: None our Clients are aware of.
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
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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
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FAQ
About The Foister Building, Charles Street, Leicester
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