Summary - Flat 6, Primus Place, 56 Gateway Street LE2 7NT
1 bed 1 bath Apartment
Long-lease, tenanted one-bed near university — immediate rental income for investors..
- Turnkey one-bedroom apartment, currently tenanted and receiving rent
- Long lease remaining: 234 years
- Service charge £283 (below average) and ground rent £192 (small)
- Located in cosmopolitan student neighbourhood — near university and hospital
- Community heating scheme; limited tenant control over heating costs
- Compact, studio-style layout — best for single occupier or student tenants
- Average local crime levels and busy city-centre environment
- No flood risk; high rental demand but potential for higher tenant turnover
This compact one-bedroom apartment at Primus Place offers a turnkey buy-to-let with immediate rental income — ideal for investors seeking low-effort returns. The property sits in a busy, cosmopolitan student neighbourhood close to the university, hospital and city-centre amenities, supporting steady tenant demand year-round.
The flat benefits from a long lease (234 years remaining), a below-average service charge (£283), and a small ground rent (£192), which together help keep ongoing ownership costs predictable. Heating is via a community scheme, which can simplify maintenance but may limit direct control over bills.
Buyers should note the apartment’s urban studio-style layout and compact room sizes: it suits single tenants or students rather than families. The building and neighbourhood are modern and well-positioned for rental demand, but the local area is described as a multicultural student zone with average crime levels — good for lettings but potentially noisy at times.
Overall, this is a straightforward investment purchase: long lease, immediate income, low to moderate running costs, and strong rental catchment. Consider on-site management or a specialist student landlord service to maximise returns and manage tenant turnover efficiently.
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Studio flat for sale in Atkins Street, Leicester, Leicestershire, LE2 — £80,000 • 1 bed • 1 bath
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