Summary - Flat 16, 55, Watkin Road, LEICESTER LE2 7AZ
2 bed 1 bath Flat
Vacant, modern flat ideal for investors seeking immediate rental income.
- Large lounge/diner with private balcony and abundant natural light
- Two bedrooms, master with ensuite shower room
- EPC rating B — energy efficient for an apartment
- Allocated off-street parking space included
- Estimated rental £1,250 pcm / £15,000 pa potential
- Lease approx. 133 years remaining (long leasehold)
- Service charge c. £2,580 pa and ground rent £140 pa
- Sold at auction; 5% deposit and 4.8% buyer’s fee apply
A bright two-bedroom first-floor apartment in a modern riverside development, offered with vacant possession and allocated parking. The 901 sq ft layout includes a large lounge/diner with balcony, master bedroom with ensuite, a second double bedroom and contemporary family bathroom. Communal lift access and secure entry suit tenants seeking convenience and easy access to the city centre, DeMontfort University and local hospitals.
The property already achieves a strong EPC B and has an estimated rental value of £1,250 pcm, making it attractive to buy-to-let investors. The 133-year lease remaining provides long-term security. The apartment is in generally good order and ready for immediate letting or occupation.
Buyers should note this sale will be conducted at auction on 27 November 2025. Bidders must allow for a non-refundable buyer’s fee (4.8% of purchase price, minimum £6,000) and a 5% deposit (minimum £5,000). The property runs on electric heating (room heaters) and carries an average annual service charge of £2,580 plus a ground rent of £140.
This is a practical, low-management rental opportunity in a well-connected urban location. It suits investors seeking steady rental income and buyers comfortable with purchasing via auction and managing the known service and heating costs.
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