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See how verdicts work2-bedroom flat · LE1 1SQ
For saleReduced £10k (−14.3%) on 21 OctListed 438 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Property Description: Perfect for investors with a potential yield of 8.57%, this spacious apartment sits on the sixth floor, accessed via multiple lifts and stairs.
Recently refurbished the property is ready to go, making it an ideal purchase for a first-time buyer or investment property to any landlord portfolio.
In brief, the property comprises two double bedrooms, with built-in wardrobes to the master, three-piece bathroom suite, spacious lounge kitchen diner and balcony, accessed from both lounge and bedroom.
With the kitchen being fitted with integrated fridge/freezer, washing machine and dishwasher.
Sitting within the heart of Leicester's Cultural quarter stands Alexandra House, originally constructed to store bootlaces in 1897 and described by Architectural historian Nikolaus Pevsner as "the finest warehouse in Leicester and one of the finest in the country" was designed by Leicester architect Edward Burgess for Faire Bros.
Ltd. Now used as residential premises, Alexandra House is complete with its own underground secure parking space and valet service accessed through an external communal square.
Rooms & Dimensions: (Max) Kitchen Lounge Diner: 4.79m x 5.02m Bedroom One: 4.75m x 2.68m Bedroom Two: 2.32m x 2.97m Bathroom: 2.32m x 2.74m Viewings and Directions: Strictly by appointment only through the sole agent Fraser Stretton Postcode for Sat Nav: LE1 1SQ Council Tax Band: B Tenure: Leasehold (103 years) Ground Rent: £312.5 per year Service Charge: £3,780 per year
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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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.
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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 Apartment 118, Alexandra House, Leicester
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