3-bedroom flat · LE2 2AJ
Listing removedReduced £15k (−6%) on 21 JunListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase this spacious three double bedroom apartment in Stoneygate.
The flat is located in the sought after stoneygate court development which boasts a porter and delightful well established communal gardens not to mention own garage and lift.
Situated on the third floor and with double aspect views the property comprises an open plan lounge diner, kitchen, three bedrooms, a shower room and guest W/C.
Set back off the London Road close to Leicester City Centre and University, Leicester Royal and Train Station.
Communal Entrance Secure entry system, stairs or lift to third floor: Lounge Diner (6.17 max x 5.53 max (20'2" max x 18'1" max)) Front door, entry phone, two recessed storage cupboards one housing fuse box and meter, two cast iron radiators, and two double glazed windows to side aspect.
Living Area Dining Area Fitted Kitchen (4.01 x 2.21 (13'1" x 7'3")) Fitted units with worktops and tiled splashbacks, sink with drainer, electric induction hob, oven and extractor, plumbing for washing machine, space for fridge freezer.
Bedroom One (4.60 x 3.68 (15'1" x 12'0")) Built in wardrobes and dressing table, cast iron radiator, double glazed windows to side and rear aspects.
Bedroom Two (3.55 x 3.51 (11'7" x 11'6")) Two built in wardrobes, cast iron radiator, double glazed window to side and rear aspects.
Bedroom Three (3.52 x 2.74 (11'6" x 8'11")) Fitted cupboard, cast iron radiator, double glazed window to side aspect.
Shower Room (2.19 x 1.68 (7'2" x 5'6")) Walk in double shower cubicle with mains shower, low level W/C, vanity unit, heated towel rail, tiled floor and walls, extractor, louvre window to side aspect.
Guest W/C (2.22 x 0.75 (7'3" x 2'5")) Low level w/c and wash hand basin, tiled floor, louvre window to side aspect. Garage Located in garage block, with up and over door and parking available.
Outside The property is set in delightful well kept landscaped communal gardens with residential parking provided and Porter.
Lease Details Freeholders: Stoneygate Court Ltd Lease Term: 999 Years form 1/1/2007 Remaining: 980 Years Management Company: Butlins Service Charge £2.229.43 paid half yearly.
Ground Rent £25 Per Year. Free Valuation Thinking of selling? We would be delighted to provide you with a free market appraisal/valuation of your own property.
Please contact Barkers to arrange a mutually convenient appointment on Tel: General Remarks We are unable to confirm whether certain items in the property are in fully working order (i.e.
Gas, electric, plumbing etc.) The property is offered for sale on this basis. Prospective purchasers are advised to inspect the property and commission expert reports where appropriate.
Barkers Estate Agents have a policy of seeking to obtain any copy guarantees / invoices relating to works that may have been carried out by a previous or existing owner.
Please ask one of our staff members to check files for any relevant documentation that have come to our attention.
Photographs are reproduced for general information and it must not be inferred that any items shown are included in the sale with the property.
Mortgages Barkers Estate Agents offer the services of an independent mortgage and financial adviser. Please ask an advisor for further information.
Viewing times Viewing strictly by appointment through Barkers Estate Agents.
Hours of Business: Monday to Friday 9am -5.30pm Saturday 9am - 4pm Aml Disclaimer In accordance with current Anti-Money Laundering and Proceeds of Crime Legislation, all buyers are required to complete identity and verification checks.
These checks are carried out on our behalf of Moverly, our approved aml provider. A £50 fee (incl. Vat) covers required data and any manual checks.
This must be paid before we can issue a memorandum of sale. The fee is non-refundable and paid directly to Moverly. We receive a portion of this fee for facilitating the checks
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.
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FAQ
About 41, Stoneygate Court, Leicester
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