Summary - Morledge Street, Leicester LE1 1TH
3 bed 2 bath Apartment
Three-bed duplex with parking and balcony — long lease, strong rental potential..
Long lease (134 years) provides ownership security
Allocated off-street parking — rare for city centre flats
Balcony and open-plan lounge/kitchen for city living appeal
En-suite to master bedroom adds tenant desirability
Modern build (2007–2011) with double glazing throughout
Service charge £1,578pa and ground rent £150pa to budget for
Located in a deprived, high-crime, student-dominated neighbourhood
Heating/community service arrangements need verification before purchase
This modern 3-bedroom duplex in Leicester city centre offers straightforward rental appeal and low-maintenance living. The apartment has a large open-plan lounge/kitchen with balcony, integrated appliances, an en-suite to the master and an allocated off-street parking space — features that attract professionals and students seeking convenience and city access.
The property sits in a multicultural, student-heavy neighbourhood, which supports steady tenant demand but also contributes to higher local crime and area deprivation. The long lease (134 years) and recent build (2007–2011) reduce medium-term ownership risk, while double glazing and contemporary finishes keep immediate refurbishment costs low.
Running costs should be factored into offers: an average annual service charge of £1,578 and a ground rent of £150 apply. The block uses a community heating/fuel arrangement and the listing references electric central heating; buyers should verify heating type and communal service responsibilities during pre-purchase checks.
This apartment suits investors or buyers seeking a central, low-upkeep home with good transport links and parking. It’s practical and rentable as-is, but prospective purchasers should commission surveys, confirm service arrangements, and factor the neighbourhood’s higher crime statistics into rental pricing or personal occupancy decisions.
2 bedroom flat for sale in Rutland St, City Centre, Leicester, LE1 — £118,000 • 2 bed • 2 bath • 776 ft²
2 bedroom flat for sale in Rutland Street, City Centre, Leicester, LE1 — £122,000 • 2 bed • 1 bath
2 bedroom flat for sale in Charles Street, Leicester, Leicestershire, LE1 — £125,000 • 2 bed • 1 bath
2 bedroom apartment for sale in Navigation Street, LEICESTER, LE1 — £120,000 • 2 bed • 1 bath • 485 ft²
2 bedroom flat for sale in Rutland House, 33 Rutland Street, LE1 — £130,000 • 2 bed • 2 bath
3 bedroom apartment for sale in Zenith Building, Colton Street, Leicester, LE1 — £250,000 • 3 bed • 1 bath • 1292 ft²
