Summary - 11 Phoenix Square, 11 Morledge Street, LEICESTER LE1 1TH
1 bed 1 bath Flat
Perfect starter home near arts and transport hubs.
One-bedroom apartment, approximately 409 sq ft (small)
This compact one-bedroom apartment in Phoenix Square puts you in Leicester’s St George’s Cultural Quarter, steps from independent cinemas, cafés and transport. The building was completed in the early 2000s and benefits from double glazing, lift access and a balcony off the open-plan living/kitchen. The property is leasehold with 134 years remaining, a modest ground rent (£150 p.a.) and a current service charge of approximately £1,499.44 per year (paid quarterly).
Practical considerations are clear and important. External cladding replacement is being managed through the local authority with works due to complete August 2025. Heating runs on a community mains-gas scheme and broadband speeds are average; mobile signal is excellent. The apartment is small (around 409 sq ft) and suits a single occupant or couple seeking a city-base or rental income rather than a family home.
The location and building amenities give genuine upside: cultural uses, studios and on-site facilities appeal to students, creatives and investors seeking central lets. However, the immediate area records higher crime levels and ranks as deprived, which may affect long-term resale or letting yields and should be weighed alongside affordable price and strong local rental demand.
Overall this flat offers straightforward, low-maintenance city living with transparent costs and a long lease. It is best suited to first-time buyers seeking a compact starter flat or investors targeting the student/young professional rental market who accept the building works and local area profile.
1 bedroom flat for sale in Morledge Street, LEICESTER, LE1 — £72,000 • 1 bed • 1 bath • 367 ft²
1 bedroom apartment for sale in Phoenix Square, Burton Street, Leicester, LE1 — £100,000 • 1 bed • 1 bath • 487 ft²
3 bedroom apartment for sale in Morledge Street, Leicester, LE1 — £250,000 • 3 bed • 2 bath • 1002 ft²
1 bedroom flat for sale in Bradgate Street, LEICESTER, Leicestershire, LE4 — £135,000 • 1 bed • 1 bath • 551 ft²
3 bedroom flat for sale in Phoenix Square, Burton Street, City Centre, Leicester, LE1 — £260,000 • 3 bed • 2 bath • 1119 ft²
1 bedroom flat for sale in Rutland Street, City Centre, Leicester, LE1 — £82,000 • 1 bed • 1 bath • 948 ft²
