Summary - Shires Lane, Leicester, Leicestershire LE1 4AN
2 bed 2 bath Apartment
Double-balcony flat ideal for rental income in a busy student neighbourhood.
Top-floor two-bedroom layout with two bathrooms and open-plan living space
Two private balconies—rare for city-centre apartments
108 years remaining on the lease
Above-average service charge: £4,200 per year
Ground rent £326 annually
Located in a student-focused, highly deprived area with very high crime
Excellent mobile signal; average broadband speeds
Suitable for buy-to-let but factor tenant risk and management costs
A top-floor, modern two-bedroom property positioned in the heart of Leicester town provides a clear buy-to-let proposition. The apartment offers two double bedrooms, two bathrooms, an open-plan living/kitchen and two private balconies—unusual for city centre flats and helpful for tenant appeal. Built-in kitchen appliances include a dishwasher, fridge, oven and cooker, supporting immediate rental readiness.
This building sits in a cosmopolitan, student-focused neighbourhood with excellent mobile coverage and easy access to shops, restaurants and public transport—attributes that drive steady rental demand from students and young professionals. The 108-year lease gives long-term tenure security for leasehold ownership, and the open-plan layout simplifies furnishing and letting.
Buyers should factor in material running costs: an above-average service charge of £4,200 and a ground rent of £326 annually. The local area records very high crime levels and is classed as deprived, which may affect yield expectations and tenant selection. Broadband speeds are only average, which could be an issue for some renters.
Overall this apartment suits investors seeking central, let-ready accommodation with distinctive twin balconies and strong proximity to amenities. It offers immediate rental potential but requires careful budgeting for service charges and risk management due to local crime statistics.
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