1-bedroom flat · LE3 2DZ
Listing removedListed 223 daysAuction 15 Apr · ended
Opportunity summary
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About
*For Sale by Auction on 15th April 2026 commencing at 05:00 pm* Leasehold Investment. One bedroom first floor flat having electric heating & double glazing with garage in block.
The flat is currently Let on an Assured Shorthold Tenancy. Ideal Investment opportunity.
Location The property is located off the main A5460 Narborough Road, providing easy access to the main M69 & M1 Motorway Networks along with Fosse Shopping Park.
Accommodation Communal entrance area with stairs leading to flat: First Floor Flat: Entrance door, entrance hall, spacious lounge, kitchen, bedroom, bathroom.
Outside: Communal gardens, garage in block. Tenure Leasehold subject to existing tenancy.
The property has been Let on an Assured Shorthold Tenancy from the 8th December 2023 for a term of 12 months at a rent of £500.00 per calendar month exclusive (£6,000.00 per annum) (Tenant currently holding over).
The flat is held on a lease for a term of 999 years from 1974.
We have been informed there is ground rent payable of £10.00 per annum, service charge of £35.00 per calendar month, please refer to legal documentation.
Note Purchasers are to be made aware that an additional charge of £950.00 + VAT will be collected on completion by the seller to cover costs incurred in selling the property.
The completion date will be on or before eight weeks following exchange of contracts. Energy Performance Certificate EPC Rating E.
Solicitors T.B.C *Please do not hesitate to contact our office on should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions* note: Properties can be purchased prior to Auction
Value & comps
No previous sales on record.
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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 starting price
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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
FAQ
About 39, Foxcroft Close, Leicester
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