1-bedroom flat · LE1 6GF
Sold STCReduced £15k (−12%) on 20 MayListed 363 days
Opportunity summary
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About
A stylish and well-presented second floor apartment of approximately 700 sqft (65 sqm) situated in a modern, purpose-built development in Leicester City Centre.
The apartment briefly comprises; communal entrance hall with a secure entry system, lift and staircase, private entrance hall to the apartment with intercom entry system and storage cupboard, open plan lounge which boasts ample natural light, kitchen with integrated appliances, bedroom, bathroom and balcony.
The apartment comes complete with one secure basement car parking space.
Location This property is located on Albion Street, which is conveniently situated within Leicester City Centre, just off Belvoir Street and near to Granby Street.
Nearby amenities include Highcross Shopping Centre, Leicester Railway Station, St Margaret's Bus Station, and Haymarket Bus Station, Tesco Express, restaurants, and convenience stores are all within easy walking distance of Albion Street.
The city centre is serviced by bus links to and from all areas of Leicester.
Description A stylish and well-presented second floor apartment of approximately 700 sqft (65 sqm) situated in a modern, purpose-built development in Leicester City Centre.
The apartment briefly comprises; communal entrance hall with a secure entry system, lift and staircase, private entrance hall to the apartment with intercom entry system and storage cupboard, open plan lounge which boasts ample natural light, kitchen with integrated appliances, bedroom, bathroom and balcony.
The apartment comes complete with one secure basement car parking space.
Accommodation All measurements are approximate: Entrance Hall 14' 8'' x 6' 1'' (4.47m x 1.85m) Intercom entry system, storage cupboard, spotlights.
Living Kitchen 16' 2'' x 21' 0'' (4.92m x 6.40m) Double glazed window to side, open plan lounge with laminate flooring, bespoke vertical radiator, tv point, power points, spotlights.
Kitchen with wall mounted units, base units and drawers, stainless steel sink with hot and cold mixer tap, electric oven, four burner gas hob with extractor fan over, tile splashback surrounds, dishwasher, washing machine, fridge/freezer, power points, spotlights.
Bedroom 12' 2'' x 11' 3'' (3.71m x 3.43m) Double glazed window to side, fitted wardrobes, radiator, power points, pendant light fitting.
Bathroom 7' 1'' x 6' 8'' (2.16m x 2.03m) Panelled bath with shower over, wash hand basin with mixer tap, low level WC, wall mounted mirror unit, tile splashback surrounds, pendant light fitting.
Outside Secure basement car parking. Tenure Leasehold. We have been advised that there is a 125-year lease from 01.01.1999 with 99 years remaining.
Service charge: £970.00 per annum Ground rent: £300.00 per annum Building insurance: £430.00 per annum Council Tax The property falls within Band C.
Services The services, fittings and appliances (if any) have not been tested by the agents. Local Authority Leicester City Council.
Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester LE1 6FB Tel: Email:
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Albion Street, Leicester City Centre
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