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See how verdicts work1-bedroom flat · LE3 5BZ
For saleReduced £15k (−10%) on 9 OctListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented one bedroom apartment is situated on the fourth floor of a well-maintained modern development a short walk from Leicester city centre.
The property comprises a spacious open plan living, dining, and kitchen area, modern shower room and spacious double bedroom and is finished to a high standard throughout.
The property also benefits from video intercom access, lift service and access to a superb rooftop communal garden.
Excellent transport links make commuting and exploring the wider area straightforward and convenient. The property would make an excellent residential purchase or investment alike.
The property has been rented consistently at £950pcm in the recent past, offering a genuine return on investment in excess of 7.5%. Please note there is no on-site parking available.
EPC Rating: B Entrance With entrance from corridor, video intercom system.
Lounge/Diner (5.28m x 4.97m) With living space offering seating and dining space together with double glazed doors overlooking the immediate area, TV and media points.
Kitchen The kitchen comprises wall and floor mounted units with worktop over, integrated electric oven with electric hob and extractor over, dishwasher, washer dryer and fridge freezer, sink with drainage unit, splash back.
Bedroom (3.70m x 3.28m) With floor to ceiling double glazed window offering local views, electric points.
Bathroom (5.28m x 4.97m) With enclosed shower cubicle and wall mounted electric shower, wall mounted wash basin, low flush WC, wall mounted towel rack recessed lighting, wall to ceiling splash backs.
Communal Garden There is a very attractive rooftop garden available to residents, offering space to unwind and socialise.
Disclaimer Phillips George Sales & Lettings give notice that any particulars are not to be relied upon as a statement or representation of fact and do not constitute any part of an offer or a contract.
Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each and any statements contained in these particulars.
Phillips George Sales & Lettings (nor any person in their employment) have authority to make any representation or warranty whatsoever in relation to any property.
None of the services, systems or appliances listed or shown in this specification have been tested by us and no guarantee as to their operating ability or efficiency is given.
All floorplans and dimensions have been provided as a guide for prospective buyers only, and should not be relied on as a true representation.
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
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FAQ
About Apt 61, Mitchian Grand Union Building, Leicester
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