1-bedroom flat · LE4 7SA
Sold STCListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one-bedroom ground-floor maisonette, available with no upward chain and well suited to first-time buyers, investors or those looking to downsize.
Set on the ground floor, the accommodation offers a living room, kitchen, bedroom and bathroom.
Double glazing and electric heating feature throughout, keeping the property comfortable and economical to run, while communal parking adds day-to-day convenience.
There's plenty to appeal on the practical side too.
The property sits in Council Tax Band A and is held on an exceptionally long lease with no ground rent or service charge payable, all of which helps keep running costs low.
Combined with the no-chain sale, it makes for an affordable and easily managed home or investment.
Lyle Close sits in the established residential area of Rushey Mead, to the north of Leicester and within easy reach of the city centre.
It's a practical spot for everyday life, with local shops, supermarkets and takeaways close by, and the well-known Belgrave Road "Golden Mile" — a stretch of restaurants, jewellers and independent stores — just a short drive away.
Getting around is straightforward: the outer ring road and the A6 connect the area to the rest of the city and onward to the A46 and M1, and there are regular bus services into the centre and to Leicester's mainline railway station.
There's a choice of primary and secondary schools nearby, while green space is close at hand, including Rushey Mead Recreation Ground and, a little further north, the lakes and walking trails of Watermead Country Park.
EPC Rating: D Disclaimer In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check.
An administration fee of £40 per property will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.
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 Lyle Close, Leicester, LE4
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