2-bedroom flat · LE1 3AJ
To rentListed 7 days
Opportunity summary
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About
A well-presented two-bedroom apartment, all on one level, in a highly sought-after city centre location, The Exchange, Lee Street.
•Two bedrooms •One bathroom •Open-plan kitchen and living area •Access to on-site gym facilities included within the rent •Unfurnished •Available 20th November 2026 ________________________________________ Location Nestled in the heart of Leicester city centre, The Exchange sits moments away from the Highcross Shopping Centre, a wealth of restaurants and bars, and the vibrant Cultural Quarter.
Leicester Railway Station is also just a short stroll away, providing superb transport connections to London and beyond.
One of Leicester’s most iconic city landmarks has been transformed through a multi-million-pound refurbishment, converted from a former telephone exchange into a collection of stylish city centre apartments.
The Exchange now comprises 108 studios, along with one, two, and three-bedroom apartments and duplexes, all ideally placed within easy walking distance of Leicester’s thriving shops, restaurants, and bars.
Leicester itself is superbly well connected: Just 70 minutes from London by rail, with swift access to the M1 motorway, and within easy reach of both East Midlands and Birmingham International Airports.
________________________________________ Full Description Ideal for sharers or professional couples, this unfurnished two-bedroom apartment is set on a single level within the highly regarded Exchange building.
You enter through a welcoming hallway, which gives access to both bedrooms and the bathroom. The bright open-plan kitchen and living area is the heart of the home.
The kitchen is fitted with white gloss units, a built-in oven, hob and extractor fan, and there is plenty of room for a dining table and seating.
Large windows with roller blinds let in plenty of natural light. Both bedrooms are well-proportioned doubles. The bathroom has a white suite with a shower over the bath and a heated towel rail.
Engineered oak-style flooring runs through the hallway and living space, with carpet in the bedrooms.
Residents also have access to the communal gym on the ground floor, included within the monthly rent.
Should your application be successful, parking spaces are available at an additional cost of £50 per month.
To request a space, please speak directly with the management company via the building’s concierge.
Rental Details Rent - £895 per month Full Deposit - £895 Available 20th November 2026 Council Tax Band – C More images to follow Please note: All images are for guidance purposes only and are intended to convey the general concept and vision of the property.
Sizes, layouts and specifications may vary, and the description and imagery may not fully reflect the property's current condition or configuration.
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
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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.
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FAQ
About Flat 407, The Exchange, 5, Lee Street, Leicester
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