Summary - THE COTTON MILL, 35 FLAT 5 KING STREET LEICESTER LE1 6RN
2 bed 2 bath Flat
High ceilings, allocated parking and strong rental potential in a student neighbourhood.
Large 2-bedroom ground-floor apartment, approx 1,185 sq ft
A large two-bedroom ground-floor apartment set within a converted Victorian commercial building in the city centre. The open-plan living/kitchen benefits from high ceilings and large windows, creating a bright, airy interior and strong appeal for renters or professionals. An allocated secure parking space is a rare city-centre advantage that adds clear practical value.
This property will be sold at auction by the Modern Method of Auction. Bidders should note the non-refundable reservation fee (4.5% of the purchase price, minimum £6,600 inc. VAT), the Buyer Information Pack cost, and the 56-day reservation/completion window. The flat is leasehold — check the lease length, service charges and ground rent in the legal pack before bidding.
Practical considerations: heating is by electric room heaters (no central heating) and the building has solid brick walls with assumed no insulation, so running costs and retrofit work should be factored into budgets. The surrounding area is a cosmopolitan, student-heavy neighbourhood with excellent broadband and transport links, which supports strong rental demand but also records very high local crime levels; buyers should consider security and insurance implications.
Overall this is a characterful, large city-centre apartment with clear rental and parking strengths, sold via auction with associated fees and leasehold constraints. It suits investors or buyers seeking a central, high-ceiling apartment who are prepared to review the legal pack and budget for energy and potential insulation or heating upgrades.
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