Summary - FLAT 302, THE EXCHANGE, 5 LEE STREET LE1 3AJ
2 bed 1 bath Apartment
High-yield, newly renovated home moments from shops and transport.
- Potential gross rental yield around 12%
- Newly redecorated to a high specification
- Third-floor duplex with lift and picture windows
- Internal gym and concierge-managed parking options
- Compact size c. 501 sq ft, no private outdoor space
- Leasehold: 106 years left; ground rent £200/yr
- Service charge approximately £2,309.55/yr
- Local area: high crime rates and higher deprivation
Set within The Exchange on Lee Street, this newly renovated two‑bedroom duplex offers low‑maintenance, city‑centre living with clear buy-to-let appeal. Recent redecoration and integrated kitchen appliances mean the flat is ready to rent immediately, and on-paper rental yields are strong at around 12%. Internal leisure facilities, lift access and concierge‑managed parking options add practical convenience for tenants or owner-occupiers.
The apartment occupies the third level with bright picture windows and elevated city views. Accommodation includes an open-plan living/dining area, a contemporary fitted kitchen with integrated appliances, two double bedrooms with fitted wardrobes and a modern three-piece bathroom. Practical features include secure video entry, wood‑effect flooring, fast broadband and excellent mobile signal, useful for professionals or students.
Buyers should note this is a leasehold property with 106 years remaining, an annual ground rent of £200 and an average service charge of £2,309.55. The flat is compact (c. 501 sq ft), has no private outdoor space, secondary glazing and is on a community electric heating scheme — all factors that influence ongoing running costs and comfort.
The wider neighbourhood is a busy, cosmopolitan city‑centre location with strong tenant demand but higher recorded crime levels and overall local deprivation indicators. That trade‑off is common in central rental markets: excellent transport, amenities and tenant pools versus elevated management and security considerations. This apartment suits investors seeking immediate rental income or first‑time buyers wanting a low‑maintenance urban home, provided they accept the service charges, compact footprint and leasehold obligations.
2 bedroom apartment for sale in Lee Street, Leicester, LE1 — £80,000 • 2 bed • 1 bath • 646 ft²
1 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £65,000 • 1 bed • 1 bath • 440 ft²
2 bedroom flat for sale in Flat 301, The Exchange, 5 Lee Street, Leicester, Leicestershire, LE1 — £115,000 • 2 bed • 1 bath • 635 ft²
1 bedroom apartment for sale in The Exchange, Leicester, Leicester, LE1 — £70,000 • 1 bed • 1 bath • 518 ft²
1 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £75,000 • 1 bed • 1 bath • 408 ft²
2 bedroom apartment for sale in East Street, Leicester, LE1 — £159,995 • 2 bed • 2 bath • 872 ft²
