Compact two-bed with rental potential near Leicester city links.
2 bedrooms, compact 431 sq ft ground-floor flat
Off-street parking; communal entrance
110 years remaining on the lease (approximate)
Service charge approx. £1,620 per year; ground rent £125 pa
Electric storage heating; EPC rating E
Solid brick walls with likely no cavity insulation
Medium flood risk; area records above-average crime
Sold at auction; completion fee £950 + VAT payable on completion
Ground-floor two-bedroom flat in a Victorian terrace, suited to a first-time buyer or buy-to-let investor. The layout includes lounge, kitchen, two bedrooms and a bathroom within a compact 431 sq ft footprint. Off-street parking and double glazing are practical benefits; ceiling heights and period bay windows give character despite modest room sizes.
The property is offered at auction with vacant possession and an advertised achievable rent of £850 pcm, making it a straightforward rental play. Service charge and ground rent apply (approx. £1,620pa service charge and £125pa ground rent) and there is a completion administration fee payable to the seller (£950 + VAT). Lease length is long (around 110 years remaining as stated).
Buyers should note material maintenance and running-cost considerations: electric storage heating, an EPC rating of E, solid brick walls likely without insulation, and double glazing of unknown age. The area records above-average crime and very high local deprivation; there is a medium flood risk. These factors can affect insurance, tenant demand and resale value.
Overall this is a small, characterful Victorian flat with clear rental potential and scope for economical refurbishment. It will suit someone comfortable with auction purchase conditions and likely light-to-medium updating rather than someone seeking a turnkey home.
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