1-bedroom flat · LE2 0JA
Sold STCReduced £5k (−5.9%) on 20 MayListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer for sale this purpose built first floor one bedroom flat situated within walking distance of the Railway Station and the Leicester City Centre with its excellent range of shopping and leisure facilities.
The electrically heated accommodation briefly comprises secure entrance with stairs leading to flats, entrance hall, open plan living/kitchen with integrated appliances, double bedroom and shower room.
The flat is being sold with no upward chain and would ideally suit the investment and first time buyer alike.
EPC Rating: C Detailed Accomodation Secure door leading to: Communal Entrance Stairs leading to all flats Entrance Hall Built in cupboard and intercom phone.
Open Plan Living / Kitchen 5.69m x 6.17m Electric heater, UPVC sealed double glazed window, TV point, open plan aspect to kitchen area comprising sink unit with cupboards under, matching range of base units with work surfaces over, drawers and cupboards under, complimentary wall mounted eye level cupboards, built in oven and four piece ceramic hob with extractor fan over, integrated fridge/freezer and dishwasher, plumbing for washing machine.
Bedroom 2.74m x 3.43m UPVC sealed double glazed window, electric heater.
Shower Room 1.78m x 2.18m Three piece suite comprising tiled shower cubicle, pedestal wash hand basin and low level WC, heated towel rail, tiled floor.
Services All main services except gas are understood to be available.
Central heating is electric,, electric power points are fitted throughout the property, windows are double glazed Viewing Strictly through Moore & York Ltd., who will be pleased to supply any further information required and arrange appropriate appointments.
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 and 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.
Tenure Leasehold 999 yrs starting march 2006. Service charge is £919.00 and ground rent is £150 paid per annum.
Floor Plans Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property.
Floor plans are produced for guidance only and are not to scale. Purchasers must satisfy themselves of matters of importance by inspection or advice from their Surveyor or Solicitor.
Important Information Measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or other consents. We have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.
We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making his own enquiries in this regard.
For clarification we wish to inform any prospective purchasers that we have prepared these sales particulars as a general guide. They must not be relied upon as statements of fact.
We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings.
Yard Rear yard provides access to parts of the building.
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
Agent & docs

FAQ
About Andover Street, Leicester, LE2
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