Chain-free two-bedroom flat, 857 sq ft, converted Victorian warehouse
Set within a converted Victorian warehouse on Wimbledon Street, this two-bedroom, 857 sq ft flat offers city-centre living moments from Leicester’s cultural quarter. Large arched windows and high ceilings create bright, characterful rooms while the apartment’s layout suits sharers or a rental let. Offered chain-free with 115 years remaining on the lease, it presents straightforward buy-to-let or refurbishment potential.
Practical running costs include an annual service charge of £1,942 and ground rent of £210. Heating is by electric room heaters and the building has double glazing installed before 2002; walls are solid brick (likely uninsulated), so further energy improvements would reduce bills and improve comfort. Broadband speeds are average and mobile signal is excellent.
Location strengths are immediate: theatres, bars, shops, eateries, public transport and student amenities are all within walking distance, supporting strong tenant demand. Crime rates in the wider area are high and the neighbourhood is classified as deprived, so buyers should weigh local safety and management arrangements when considering long-term letting or owner-occupation.
This property will suit investors seeking a central student or city-let with character bones, or buyers wanting a low-entry, chain-free city flat to refurbish. Major benefits are the size, central location and lease length; material considerations are energy inefficiency, electric heating and higher service charges relative to price that will affect net yields and living costs.