Summary - METROPOLITAN APARTMENTS, 20 APARTMENT 412 LEE CIRCLE LEICESTER LE1 3RF
1 bed 1 bath Apartment
Affordable one-bed with parking and concierge — great rental potential, needs energy upgrades..
- Large open-plan living room with city views
- Allocated private off-street parking space included
- Concierge reception and well-maintained communal areas
- One double bedroom with built-in wardrobes
- Leasehold: 99 years remaining; council tax band low
- Service charge approx £3,200 per year; ground rent £125
- Electric storage heating; no assumed wall insulation
- Local area: very high crime rate; deprived neighbourhood
This one-bedroom apartment in Metropolitan Apartments puts city-centre living within reach. The unusually large open-plan living room and allocated private parking are rare finds for this price band, while a concierge reception adds everyday convenience and security. The accommodation includes a generous double bedroom with built-in wardrobes, a modern bathroom and a fitted kitchen with integrated appliances.
Practical running costs and condition are important here: the property is leasehold with 99 years remaining, an average service charge of £3,200 pa and a ground rent of £125 pa. Heating is by electric storage heaters and the block was constructed 1950–1966 with assumed uninsulated system-built walls; secondary upgrades such as improved insulation or heating replacement will be sensible longer-term investments.
The location suits first-time buyers and buy-to-let investors targeting students or young professionals — excellent broadband and mobile signal, city-centre amenities and close public transport. Be aware the immediate area records very high crime levels and sits within a more deprived ward, factors that may affect insurance, rental demand and resale perceptions.
For buyers seeking an affordable city-base with strong rental potential, this apartment offers immediate usability and scope to add value through energy upgrades and cosmetic refreshes. For those prioritising low ongoing fees or a low-crime neighbourhood, the service charge level and local crime data are material negatives to weigh before viewing.
1 bedroom apartment for sale in Lee Circle, LEICESTER, LE1 — £110,000 • 1 bed • 1 bath • 625 ft²
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