Summary - ALEXANDRA HOUSE, 47 APARTMENT 121 RUTLAND STREET LEICESTER LE1 1SQ
2 bed 1 bath Apartment
City-centre investment with rental uplift potential and private balcony views.
City-centre Victorian apartment with period character
Private balcony with city views
Two bedrooms, one bathroom; 775 sq ft open-plan layout
Tenants in situ; currently £748 pcm rental income
Estimated rental uplift to £975 pcm on renewal
Long lease: 103 years remaining; leasehold tenure
Valet parking included for one car
Located in a high-crime, deprived student neighbourhood (management considerations)
A handsome two-bedroom apartment set within a converted Victorian building in Leicester city centre, offered with tenants in place — a straightforward purchase for an investor targeting student or city-centre renters. The apartment’s open-plan living space, double-glazed windows and private balcony provide city views and everyday comfort, while the building’s period character adds rental appeal.
Currently achieving £748 pcm with scope to reach an estimated £975 pcm on renewal, the flat sits on a long lease (103 years) and includes secure valet parking — practical benefits that support rental demand. At about 775 sq ft with two bedrooms and one bathroom, it suits sharers or couples; the single bathroom and layout may limit higher rent for larger sharer groups.
The surrounding area is a cosmopolitan, multicultural student neighbourhood with strong amenity access and excellent transport and broadband, supporting year-round tenancy. Buyers should note the property will be sold at auction and is in a postcode with higher crime and local deprivation; these factors influence tenant profiles and may affect management and insurance costs.
Overall, this apartment offers predictable rental income, period character and city-centre convenience. It’s a pragmatic buy for an investor willing to manage tenant turnover and local-area considerations to realise income uplift.
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