Summary - UNIT 1, CHANCERY PLACE, MILLSTONE LANE LE1 5JN
1 bed 1 bath Flat
Compact starter flat near DMU and main station, ideal for an affordable first buy.
Chain-free ground-floor one-bedroom apartment in city centre
A compact, ground-floor one-bedroom apartment in the heart of Leicester city centre, offered chain-free and priced for an accessible first purchase. The open-plan living and kitchen area makes efficient use of space, and the property sits within easy walking distance of De Montfort University, shops, cafes and the main railway station — useful for commuters or a buy-to-let tenant pool.
The flat is leasehold, in a mixed-use building on a prominent corner plot, and benefits from modern double glazing. Heating is by electric room heaters and the main fuel is electricity, so running costs can be higher than gas-heated homes. There is no private garden and the accommodation is on the ground floor, which should be considered for privacy and security.
This location is a multicultural, student-focused neighbourhood with very high local crime statistics; that affects both living comfort and lettability considerations. The apartment’s size and layout suit a first-time buyer wanting city-centre convenience or an investor targeting student or young-professional rentals, but buyers should factor in the leasehold status, potential management/ground rent costs, and the apartment’s simple electric heating when calculating affordability.
An early internal viewing is recommended for those seeking an inexpensive city-centre foothold — straightforward renovation or cosmetic upgrades could improve appeal and rental income, but buyers must assess security measures and budget for possible higher energy bills.
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