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See how verdicts work2-bedroom flat · LE1 3UJ
For saleReduced £10k (−10.8%) on 25 OctListed 346 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generously proportioned two bedroom apartment with impressive panoramic city views from the balcony and being centrally positioned for easy access to local amenities, shopping and travel routes by road and rail.
The property is currently let and would be an ideal buy to let investment or affordable first home.
The accommodation is served from a welcoming ground floor reception area with two lifts and dedicated storage for each flat.
The open plan living/dining kitchen area is spacious with plenty of room for both dining and relaxing and the entrance hall also leads to the bathroom with three piece suite.
EPC Rating: C The Horizon Building The building is a notable Leicester city landmark built, we believe, in the 1980's and converted to its current use as apartments around 2006.
The location is fantastic, allowing easy walking distance access to the city centre, shopping and amenities Abbey Park, university campuses and Leicester royal hospital, The King Power Stadium and Welford Road Ground for Football and Rugby fans respectively are also within walking distance as is the Leicester Riders home arena which is within a stones throw of the building.
Entrance Lobby Access via two sets of double doors from the outer lobby and with intercom system, post boxes for each apartment and to the rear access to the stairwell and two lifts.
Communal Hall & Stairwell The property is set over a number of levels which each floor having communal hallways and storage rooms for each apartment as well as access to the lift hallway, stairwell and of course the properties themselves.
Hall 2.11m x 4.04m (13' 3" x 6' 11" max) With doors to both bedrooms, lighting, electric wall heater and access to the bathroom and open plan living/dining/kitchen space.
Living/Dining/Kitchen 5.51m x 3.76m (23' 4" x 18' 1" max) A very spacious room with ample area to provide comfortable seating and dining room.
The kitchen has units for storage, worktop and space for appliances and an additional built in cupboard houses the hot water system. There are multiple ceiling lights and two electric wall heaters.
The balcony is accessed via a double glazed picture window with sliding door and provides a fantastic aspect of the city and beyond.
Master Bedroom 3.0m x 4.9m (16' 1" x 9' 10" max) A good sized double with double glazed window, ceiling light point and wall mounted electric heater.
Bedroom 2 2.74m x 4.9m (16' 1" x 9' 0" max) Also able to accommodate a double bed with relative ease and with light point, electric wall heater and double glazed window.
Bathroom 1.93m x 2.34m With white three piece suite comprising a bath with shower and screen, wash basin and WC plus vanity top, ceiling lighting and electric towel rail.
Leasehold Information The seller informs us that the property is held LEASEHOLD and the lease commenced 24th June 2006 running for 150 years.
The ground rent is payable half-yearly (in two tranches) is £150.00 per annum.
The service charge is payable quarterly at £895.95 (total per annum £3583.80) Tenancy Information The property is currently let under an assured shorthand tenancy which is due to expire on the 06/12/2026.
The tenants and the owner have agreed that if earlier possession is required that reasonable notice can be given prior to the expiry date to allow the tenants reasonable and sufficient time to find alternative accommodation.
Making An Offer As part of our service to our Vendors, we have a responsibility to ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase.
Additionally, we can offer Independent Financial Advice and are able to source mortgages from the whole of the market, helping you secure the best possible deal, potentially saving you money.
If you are making a cash offer, we will ask you to confirm the source and availability of your funds in order to present your offer in the best possible light to our Vendor.
Plot / Floor Plans Purchasers should note that the floor/plot plan(s) included within the property particulars is/are intended to show the relationship between rooms/boundaries and do not necessarily reflect exact dimensions.
Plans are produced for guidance only and are not necessarily to scale.
Purchasers must satisfy themselves of matters of importance regarding dimensions, boundary ownership or other details by inspection or advice from their Surveyor or Solicitor.
Money Laundering Checks If you have an offer agreed we are legally bound to carry out ID and Anti-Money Laundering checks and on acceptance of offer one of our onboarding team will contact you to guide you through this secure process.
There will be a charge of £79.99 plus VAT for these checks.
Important Information Although we endeavor to ensure the accuracy of property details we have not tested any services, heating, plumbing, equipment or apparatus, fixtures or fittings and no guarantee can be given or implied that they are connected, in working order or fit for purpose.
We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor.
Balcony The balcony is accessed via a double glazed picture window with sliding door and provides a fantastic aspect of the city and beyond.
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 Navigation Street, The Horizon, LE1
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