2-bedroom flat · LE1 6GF
For saleListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying the top two floors of this distinctive city centre development, a spacious and well-presented two bedroom duplex apartment offering impressive accommodation, a full-width balcony with city views and secure underground parking.
Location - The Needleworks is a purpose-built apartment complex offering contemporary and stylish living in a quiet position but conveniently close to the city amenities.
The location gives excellent access to Curve Theatre and The Phoenix Square Cinema, the professional quarters, universities and hospitals, plus the mainline railway station with links to London St Pancras in just over an hour.
Accommodation - The property is entered into via a generous entrance hall with engineered wood flooring and a striking metal spiral staircase to the upper floor.
A useful storage cupboard provides space for coats & shoes.
The principal bedroom is an excellent-sized double room with fitted wardrobes and an en-suite bathroom comprising a bath with shower over, wash hand basin and WC.
the second bedroom is another good-sized double, currently utilised as a home office, with a fitted double wardrobe and access onto a small balcony.
Completing this floor is the main shower room, fitted with a corner shower enclosure, wash hand basin and WC.
The spiral staircase rises to the real highlight of the apartment, a superb open-plan dining kitchen and living space, occupying much of the upper floor.
Semi-vaulted ceilings and generous proportions create a particularly light and airy space, with ample room for both sitting and dining areas.
The kitchen is fitted with a range of eye and base level units and drawers with preparation surfaces, incorporating a sink and drainer, integrated oven, gas hob with extractor over and dishwasher, together with space for a fridge freezer and further appliance provision.
Outside & Parking - Two sets of sliding doors open from the living accommodation onto an impressive full-width balcony, providing valuable outside space and views across the city skyline.
The apartment benefits from one allocated parking space within the secure underground car park, accessed via gated entry.
Lease Information: - Whilst we make every effort to ensure these details are correct, they are subject to change, are not to be relied upon & MUST be verified by your Solicitor. Tenure: Leasehold.
Lease Term: 125 years from 2001. Ground Rent: £300 per annum, payable to Leonard Trust Ltd. Service charge: Approximately £1,952 per annum. Management Company: Butlin Property Services.
Other Information - Listed Status: None. Conservation Area: None. Local Authority: Leicester City Council, Tax Band: E Services: Offered to the market with gas-fired central heating and a water meter.
Broadband delivered to the property: FTTP, 1000mbps. Construction: Believed to be cavity wall. Wayleaves, Rights of Way & Covenants: None out of the ordinary for an apartment block.
Flooding issues in the last 5 years: None our Clients are aware of. Planning issues: None our Clients are aware of. Accessibility: The building has a lift.
Cladding: The building has external cladding. An EWS1 Form is in place. The Vendor is not aware of any cladding remediation works having been undertaken or scheduled.
An external wall assessment was undertaken in May'24, which concluded that a full FRAEW was not required and assessed the risk of life as sufficiently low.
The Managing Agent / Freeholder should be contacted for the latest position. A virtual tour is available upon request.
Please Note: - AI-assisted image editing has been used on selected photographs to remove personal belongings for marketing purposes.
No fixtures, fittings, room dimensions or material features of the property have been altered or digitally staged.
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
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FAQ
About The Needleworks, Albion Street, Leicester
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