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See how verdicts work2-bedroom flat · LE1 3RF
For saleReduced £10k (−6.7%) on 20 MayListed 1168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION We are pleased to present this excellent penthouse apartment at the popular Metropolitan Apartments in Leicester city centre.
The accommodation has electric heating and double glazing throughout.
Comprises entrance hall, open-plan livingdining area, fitted kitchen, two double bedrooms, bathroom and a balcony together with secure allocated off-street car parking.
The property is currently tenanted and achieving rental of £995 PCM. HALLWAY Wooden floor, storage cupboard, wall mounted electric heater and spot lights.
KITCHEN/DINER 20' 7" x 16' 7" (6.27m x 5.05m) Lounge - Wooden floor, telephone point, television point, spot lights and two wall mounted electric heaters.
Double glazed sliding doors lead out to the decked balcony.
Kitchen - Fitted with a range of wall and base units, stainless steel sink and drainer, work surfaces, built-in electric oven and hob, cooker hood, integrated fridge, spot lights and wooden flooring.
BEDROOM 11' 5" x 10' 6" (3.48m x 3.2m) Wooden floor, double glazed sliding doors leading out to the terrace, built-in double wardrobe and electric heater.
BEDROOM 11' 6" x 10' 9" (3.51m x 3.28m) Wooden floor, double glazed sliding doors leading out to the terrace, built-in double wardrobe and electric heater.
BATHROOM Tiled floor, bath, shower cubical, wash hand basin, w/c, extractor fan, shaver point and heated towel rail. OUTSIDE With secure entry system, communal reception area and lifts to all floors.
There is an allocated secure parking space to the rear of the building. LEASE INFORMATION Lease - 106 years remaining Ground rent - £250 PA Service charge - £2000 - PA
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
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FAQ
About Penthouse 6, Metropolitan Apartments
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