2-bedroom flat · LE1 1LB
For saleReduced £20k (−10%) on 24 MarListed 541 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Available with no upward chain, this stunning third floor apartment resides within the Foister building, a 1930s building which was converted from a former hosiery factory in the early 2000s.
Having being recently refurbished, this apartment offer versatile open-plan living set within a unique mix of contemporary fittings and industrial setting.
Currently tenanted this property is also a great investment for any landlord's portfolio offering a current yield of approximately 7.67%. This 1,150 sq.
Ft apartment is entered via the communal entrance hall housing the intercom system, stairs and lift to all floors along with access to a magnificent Atrium which runs through the centre of the building.
A large private entrance hall with laminate wood flooring leads up two steps into the spacious open plan living area which features exposed brickwork, large double glazed steel windows, several school style radiators and brand is open to the refitted kitchen area.
The master bedroom has a frosted window to the atrium, feature glass blocks, a dressing area with built-in wardrobes and an en-suite with a white three piece suite.
Bedroom two has a frosted window to the atrium, a school style radiator and feature exposed brick wall.
The bathroom has a large walk-in tiled shower enclosure, a low flush WC and pedestal wash hand basin. Viewing is highly recommended to appreciate the standard and size of accommodation on offer.
Lease Term: 125 years commencing from 2001 Service Charge: Approx.
£1400 pa Ground Rent: £125.00 pa Viewings and Directions: Strictly by appointment only through the sole agent Fraser Stretton Postcode for Sat Nav: LE1 1LB Council Tax Band: E Tenure: Leasehold (103 years) Ground Rent: £125 per year Service Charge: £1,140 per year
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 22, The Foister Building, Leicester
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