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See how verdicts work1-bedroom flat · LE1 6TS
For saleListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Fair-Way Properties are pleased to offer this well presented one bedroom ground floor apartment in the heart of Leicester city centre.
The apartment features an open-plan lounge / kitchen / diner, a generous double bedroom, a modern bathroom with an electric shower above the bath, and a large storage room.
The apartment is ideally located for city centre living and sits within walking distance of Leicester Railway Station, the University of Leicester, and the Leicester Royal Infirmary.
The property benefits from secondary glazing and electric heating throughout.
Hallway: The hallway is accessed from the communal hallway and provides direct access to the lounge / kitchen / diner, the bedroom, the bathroom, and a large storage cupboard.
The hallway also has an intercom system allowing communication with the main door and a remote access for visitors.
Lounge / Kitchen / Diner: 2.70m x 7.05m (8'10" x 23'2") , The lounge area benefits from a large window with secondary glazing, tall ceilings, and electric heating.
In the kitchen / dining area there is a kitchen with a range of modern white high gloss wall and base units, with built-in appliances such as an electric oven and a ceramic hob with a stainless steel cooker hood above.
There is also space for a freestanding fridge freezer. Bedroom: 2.70m x 4.45m (8'10" x 14'7") , The bedroom features a large window with secondary glazing, tall ceilings, and electric heating.
Bathroom: 1.70m x 1.95m (5'7" x 6'5") , The modern bathroom features a white suite including a push button toilet, a wash hand basin with a matching pedestal and a bath with a glass shower screen and an electric shower.
The room also benefits from an electric towel radiator and an extractor fan. Please Note: There are no taps on the bath so both the hot and the cold water is provided by the electric shower.
Lease Details:: Lease Term: 250 years from 1st January 2017 Service Charge: £1758.12 Per Annum Ground Rent: £300.00 Per Annum Council Tax: Band A Agents Notes:: 1: Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Fair-Way Properties has not tested any apparatus, equipment, fixtures, fittings or services and it is in the buyer's interest to check the working condition of any appliances.
6: Fair-Way Properties nor any person in their employment, has any authority to make any representation or warranty in relation to the property.
7: Fair-Way Properties has not sought to verify the legal title of the property, and the buyers must obtain verification from their solicitor.
8: Lease details, service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
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.
Area
Agent & docs
FAQ
About Flat 3 26-28, Princess Road West, Leicester
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