Summary - ALEXANDRA HOUSE, 47 APARTMENT 34 RUTLAND STREET LEICESTER LE1 1SE
2 bed 2 bath Flat
Spacious two-bed top-floor apartment with parking — auction sale, long lease.
Top-floor two-bedroom apartment, approx. 1,124 sq ft open-plan layout
Balcony with city views and an allocated underground parking space
Long lease remaining (approx. 110 years) — secure leasehold term
Sold at auction — buyer must review legal pack and meet auction timelines
Service charge high at approx. £5,810 pa; factor into running costs
Ground rent approx. £312.50 pa; leasehold buyer obligations apply
Located in a multicultural student neighbourhood; high local crime level
Fast broadband and excellent mobile signal — attractive to renters
This two-bedroom, two-bathroom apartment on Rutland Street occupies the entire fourth (top) floor of a striking Victorian building, offering generous living space (approx. 1,124 sq ft) and a large open-plan kitchen/lounge that opens onto a balcony with city views. The apartment includes an allocated underground parking space — a valuable asset in central Leicester — and benefits from fast broadband and excellent mobile signal, appealing to renters and professionals.
The property will be sold at auction, so it suits a buyer prepared to move quickly and to review the legal pack in full. The lease has around 110 years remaining, providing long-term security for owners and investors. Service charges are high at approximately £5,810 per year, with ground rent of about £312.50 per year; factor these running costs into any rental yield or purchase-budget calculations.
Location strengths include immediate access to city amenities, public transport and nearby schools; however this part of Leicester is classified as a multicultural student neighbourhood with higher crime levels and local deprivation. The setting makes the flat particularly suited to investors targeting the student or city-renter market, or buyers seeking a central pied-à-terre who accept the area profile.
The building has attractive Victorian character externally and high internal ceilings, while the apartment’s open-plan layout and balcony offer modern city living. Buyers should check the legal pack for full details, note the auction timetable, and allow for the possibility of some refurbishment to maximise rental income or resale value.
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