Summary - Apartment 8 Albion House, 23, Albion Street LE1 6AN
1 bed 1 bath Apartment
Prime central pad ideal for buy-to-let or a ready-made first home.
- Newly renovated one-bedroom flat, 474 sq ft
- No onward chain; can be sold with tenant in situ
- Long lease: 113 years remaining
- Ground rent £100 per year
- Electric room heaters; potential for higher energy bills
- Located in a busy student neighbourhood; very high crime rate
- Modern kitchen and bathroom; move-in or let-ready condition
- Building circa 1976–82; partial cavity wall insulation assumed
Set in the heart of Leicester’s LE1 district, this newly renovated one-bedroom apartment occupies a practical 474 sq ft footprint and offers immediate move-in or let-ready condition. The open lounge and large double-glazed windows deliver good natural light for a city-centre home, while the modern kitchen and contemporary bathroom provide a turnkey finish for either an investor or first-time buyer.
This property is attractive to buy-to-let purchasers: there is no onward chain, the flat can be sold with a tenant in situ, and the secure entry plus average broadband and excellent mobile signal support city living. A long lease (113 years remaining) and a modest ground rent of £100 are positives compared with many inner-city leaseholds.
Buyers should note material practicalities: the apartment uses electric room heaters rather than a communal gas system, which can mean higher running costs. The building sits in a busy, multicultural student neighbourhood with very high local crime statistics — factors that influence suitability depending on lifestyle or tenant profile. Also, while recently refurbished throughout, the building dates from the late 1970s/early 1980s and has cavity walls with only partial insulation assumed.
Overall, this is a compact, well-presented city-centre flat offering straightforward ownership or rental potential. It will suit investors seeking a low-management, central-let opportunity or a first-time buyer wanting a ready-made urban home — provided they accept the electric heating and the area's higher crime level.
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