Summary - 41 Melton Street LE1 3NB
2 bed 2 bath Apartment
Income-ready flat with parking and easy rail links for investors or commuters.
Two double bedrooms with en suite and separate family bathroom
Open-plan kitchen/lounge/diner with laminate flooring throughout
Gated development with one allocated parking space
Current rental income £11,100 p.a. (approx 6.9% gross yield)
Lease remaining 102 years; EPC rating C
Service charge approx £2,415 p.a., includes buildings insurance contribution
Located in very deprived area with higher local crime — buyer advisory
Older solid-brick construction; double glazing pre-2002, potential insulation work
This two-bedroom, two-bathroom city-centre apartment offers straightforward, income-ready accommodation in Leicester LE1. The property includes a gated allocated parking space and an open-plan kitchen/lounge/diner, presented in neutral condition and requiring only minor updating to maximise appeal.
For investors the numbers are clear: current rental income is £11,100 per year, representing an approximate gross yield of 6.9% on the asking price. The building has a 102-year lease remaining and an EPC rating of C; service charge is approximately £2,415 per year (including contribution to buildings insurance).
Drawbacks to note: the property sits in a very deprived area with higher local crime levels, and the building fabric is older (solid brick, likely without insulation). Double glazing appears to pre-date 2002 and some redecoration or upgrades would improve rents and long-term value. Prospective buyers should budget for service charges and confirm exact communal responsibilities before purchase.
Overall this is a practical, city-centre flat that suits buy-to-let investors seeking immediate rental income, or a first-time buyer wanting a manageable urban home with good transport links to Leicester train station. An internal inspection is recommended to assess condition and layout in person.
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