1-bedroom flat · LE1 1RB
To rentReduced £25 (−3.3%) on 23 OctListed 22 days
Opportunity summary
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About
PRICES FROM £750 pcm to £1050 pcm PHOTOGRAPHS ARE A MIXTURE OF FLATS AVAILABLE Description Flat 1 - First Floor RENT: £875 PCM Shared communal entrance and staircase leading to Entrance lobby Kitchen/Dining/Living: 3.07 m x 4.27 m with a range of base and wall units.
Integrated fridge and freezer plus electric oven and hob. Bathroom: 1.83 m x 2.15 m white suite with electric shower.
Bedroom: 3.97 m x 3.07 m carpeted Flat 2 - First Floor and Flat 5 - Second Floor (similar measurements) RENT: 1050 PCM Shared communal entrance and staircase leading to Entrance hallway Kitchen/Dining/Living: 4.28 m x 6.40 m with a range of base and wall units.
Integrated fridge and freezer plus electric oven and hob plus washing machine.
Bathroom: 2.1 m x 2.45 m white suite with electric shower Bedroom: 4.98 m x 4.27 m - dual aspect Store Cupboard: 0.94 m x 0.93 m Flat 4 - Second Floor RENT: £750 PCM Shared communal entrance and staircase leading to Kitchen/Dining/Living: 3.96 m x 3.65 m with a range of base and wall units.
Integrated fridge and freezer plus electric oven and hob. Bathroom: 1.2 m x 2.74 m white suite with electric shower. Bedroom: 2.46 m x 3.35 m DEPOSITS ARE CALCULATED AT 5 WEEKS OF THE PCM RENT.
PLEASE NOTE: NO PARKING OR LIFTS AVAILABLE AT THE PROPERTY
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.
Area
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FAQ
About Gmr House, Rutland Street, Leicester, Leicester City
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