2-bedroom flat · LE2 1RR
Sold STCListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Believed to have been built in 1859 as the original Stoneygate School, this striking Grade II Listed Victorian schoolhouse was sensitively converted by William Davis Homes in the mid-2000s, creating a small, exclusive collection of homes set within well-maintained communal grounds and accessed via a private road.
Within this development sits a beautifully presented and spacious two bedroom ground floor apartment, offering exceptional character throughout, including high ceilings and generous period proportions.
Unlike many of the apartments within the building, this home is entered via its own private front door, positioned to the rear of the property away from passing traffic, offering residents a genuine sense of privacy and independence rather than a shared communal entrance.
A private driveway leads directly to the property's own garage, providing secure off-road parking rarely found so close to the city centre.
Inside, the living room forms the heart of the home, with generous double doors opening through to the dining room beyond, ideal for entertaining when thrown open as one sociable space, or closed off to create a more formal, separate dining room when required.
The kitchen sits conveniently to hand, well-equipped with ample cabinetry and worktop space for everyday cooking and storage.
Beyond this, a conservatory extends the living accommodation further still, a genuine sun trap that floods the rear of the home with natural light throughout the day and provides a lovely spot to sit and look out over the grounds, effectively giving the apartment a third reception room.
Two well-proportioned double bedrooms complete the home.
The principal bedroom benefits from its own private en-suite, while the second bedroom is served by a separate shower room, accessed independently off the main hallway.
A newly installed hot water cylinder and a dedicated comms cupboard add further practicality, keeping essential services neatly out of sight.
Outside, a private garden completes the picture, a rare find for an apartment of this kind and one that instantly sets this home apart.
Enclosed by wrought iron railings and a gate, the garden is laid mainly to lawn and bordered by well-established planting, including mature shrubs, climbing roses and specimen trees, offering both colour and privacy throughout the seasons.
Beyond the railings, residents enjoy views out over the development's beautifully maintained communal grounds, framed by mature trees and traditional lamp posts, reflecting the luxury and quality of this converted schoolhouse setting.
It's a genuinely peaceful outdoor space, perfect for relaxing or entertaining, in this quiet, leafy corner of Stoneygate.
Scholars Walk is located in the heart of Stoneygate, popular for its ease of access to the city centre, professional quarters and mainline railway station, along with local day-to-day shopping found along the trendy Allandale Road, Francis Street and Queens Road parades.
Lease Term: 999 years from 2004 Ground Rent: £0 Service Charge: Approx.
£3,700 pa (including buildings insurance, gardening and cleaning of communal areas) Management Company: Encore Estates Management Pets: Not allowed EPC Rating: C Disclaimer Anti-Money Laundering (aml) Requirements In accordance with current Anti-Money Laundering and Proceeds of Crime legislation, all buyers are required to complete identity and verification checks.
These checks are carried out on our behalf by Hipla, our approved aml provider. Once an offer is accepted, Hipla will contact you directly to complete the required verification.
A fee of £60 inclusive of VAT per person applies to cover the cost of these checks. This fee is payable directly to Hipla and must be completed before a Memorandum of Sale can be issued.
The fee is non-refundable and applies even if the transaction does not proceed. General Information These particulars are intended as a guide only and do not form part of any offer or contract.
While we endeavour to ensure the accuracy of the information provided, we have not tested any services, appliances, or equipment, and no warranty is given as to their condition or functionality.
Prospective purchasers are advised to inspect the property thoroughly and to commission appropriate surveys and professional reports before exchange of contracts.
Photographs, floor plans, and measurements are provided for guidance only and should not be relied upon as exact.
Referrals and Introductions Oliver Rayns Estate Agents may receive a referral fee or other benefit for introducing clients/customers to third-party service providers, including mortgage advisers, conveyancers, and surveyors.
You are under no obligation to use any recommended provider, and any referral does not affect the price you pay for those services.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 3, Scholars Walk, Leicester
Explore nearby