Summary - Apartment 22 The Quad, 55, Highcross Street LE1 4PG
1 bed 1 bath Flat
Smart buy-to-let with tenant and strong central location appeal.
- City-centre one-bedroom apartment, 423 sq ft
- Let at £895pcm, approximately 7% yield
- Long lease: 118 years remaining
- Concierge, CCTV, lift, bike storage, communal garden
- Service charge ~£2,818.68pa; ground rent £200pa
- Electric storage heating (no gas) — potential higher bills
- Located in high-crime, deprived area — affects demand
- Full-fibre broadband; council tax band B
A compact, modern one-bedroom apartment in the heart of Leicester city centre, offered with no onward chain and a long-term tenant in situ delivering approximately 7% yield. The flat sits in a mixed-use, early-2000s block with concierge, secure CCTV, lift access, allocated bike storage and a communal garden — practical features for city-centre renters.
The apartment is small (423 sq ft) with an open-plan living/kitchen, balcony frontage and useful built-in storage. It benefits from a 118-year lease remaining and double glazing. Service charge and ground rent are material running costs: roughly £2,818.68pa and £200pa respectively; purchasers should check these figures with their solicitor.
Workable positives for investors: the unit is let at £895pcm to a responsible long-term tenant, has council tax band B and full-fibre broadband availability, and sits close to Highcross shopping, transport links and city amenities. Practical considerations: the development is in a very high-crime, deprived neighbourhood which can influence tenant demand, rental levels and insurance premiums.
Heating is electric storage heaters rather than gas, which may affect utility costs and appeal for some renters. The property is suitable for buy-to-let investors or first-time buyers seeking a central pied-à-terre, provided they factor service charges, electric heating and local area challenges into affordability and management plans.
1 bedroom apartment for sale in The Bar, Shires Lane, Leicester, LE1 — £110,000 • 1 bed • 1 bath • 476 ft²
1 bedroom apartment for sale in The Cherub Building, Colton Street, Leicester, Leicestershire, LE1 — £119,995 • 1 bed • 1 bath • 756 ft²
1 bedroom apartment for sale in The Circus, Highcross Lane, Leicester, LE1 — £115,000 • 1 bed • 1 bath • 496 ft²
2 bedroom flat for sale in Charles Street, Leicester, Leicestershire, LE1 — £150,000 • 2 bed • 1 bath • 966 ft²
1 bedroom apartment for sale in Shires Lane, Leicester, LE1 — £120,000 • 1 bed • 1 bath • 474 ft²
2 bedroom apartment for sale in Shires Lane, Leicester, Leicestershire, LE1 — £170,000 • 2 bed • 2 bath
