Summary - Flat 305 The Exchange, 5, Lee Street LE1 3AJ
2 bed 1 bath Apartment
Affordable two-bedroom duplex with concierge and gym — chain-free, central and compact..
Duplex layout: lounge/kitchen and bathroom downstairs, two bedrooms upstairs
Chain-free sale — straightforward purchase process
Communal concierge and residents' gym on site
646 sqft; modern fitted kitchen, compact efficient rooms
Leasehold: 106 years remaining (leasehold tenure)
High service charge £2,250 pa and ground rent £250 pa
1967–75 system-built block, likely minimal wall insulation
Very high local crime rate; area classified as deprived
This two-bedroom duplex in The Exchange places practical city-centre living within an affordable price bracket. The lower floor contains an open-plan lounge, modern fitted kitchen and bathroom, with two bedrooms upstairs — a compact, efficient layout suited to first-time buyers seeking a central base or buy-to-let investors after refurbishment.
Residents benefit from on-site concierge and a communal gym, plus lift access and large windows that bring natural light into the apartment. The property is offered chain-free and has 106 years remaining on the lease, making purchase straightforward for buyers who want a quick move-in or a rental-ready asset.
Buyers should note material running costs and fabric limitations: a high annual service charge (£2,250) and small ground rent (£250) apply. The block dates from the late 1960s/early 1970s and appears system-built with little or no wall insulation; windows are secondary glazed. Heating is provided by a community biomass scheme, which may affect costs and future servicing arrangements.
The location is very central with excellent mobile signal and fast broadband, close to shops, transport and amenities. However, the immediate area records very high crime and is relatively deprived, factors that may affect long-term resale values and rental demand. A pre-purchase survey is recommended to check services, insulation and communal arrangements.
2 bedroom flat for sale in Flat 301, The Exchange, 5 Lee Street, Leicester, Leicestershire, LE1 — £115,000 • 2 bed • 1 bath • 635 ft²
1 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £65,000 • 1 bed • 1 bath • 440 ft²
2 bedroom flat for sale in Lee Street, Leicester, LE1 — £90,000 • 2 bed • 1 bath • 643 ft²
1 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £75,000 • 1 bed • 1 bath • 408 ft²
2 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £100,000 • 2 bed • 1 bath • 662 ft²
2 bedroom flat for sale in Lee Street, Leicester, Leicestershire, LE1 — £100,000 • 2 bed • 1 bath • 655 ft²
