2-bedroom flat · LE1 4QL
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish city centre apartment within the Highcross development with 2 double bedrooms, a modern open plan kitchen/living area, family bathroom and large balcony.
We are advertising this property on behalf of Riverside Housing who are trying to help tenants to get on the property ladder therefore tenants of this development are required to be in full-time employment, do not already own a property in the UK and do not have savings of over £5,000.
If this is you and you are looking for a city centre flat to rent whilst you save, please enquire with us.
The apartment in brief comprises; Entrance hallway When you enter the apartment, you will find yourself in the well-presented hallway which provides access to the lounge, two bedrooms, bathroom and storage cupboard.
Living/kitchen area The modern kitchen comprises of shiny white units with a built-in oven, hob, extractor fan and integrated fridge/freezer.
The lounge has laminate flooring and patio doors leading to the balcony. The bedrooms There are 2 similar size double bedrooms that both have doors leading to the balcony.
Bathroom The fully tiled family bathroom has a w/c, wash basin and a shower over the bath.
Storage The storage cupboard is located in the hallway and is home to the water tank, this is also where the washing machine belongs although there is not one provided. EPC rating: D.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Elbow Lane, Leicester
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