Summary - DUKE STREET MANSIONS, 3 - 7 FLAT 25 DUKE STREET LEICESTER LE1 6WB
2 bed 1 bath Apartment
Compact, centrally located investment with parking and auction sale.
Third-floor apartment with communal lift and stairs
A compact two-bedroom third-floor apartment within the landmark Time House on Duke Street, offered chain-free and being sold via online auction. The building has a communal entrance with lift and stairs; the flat includes a private hall, lounge, fitted dining kitchen, bedroom, bathroom and an allocated off-street parking space. Its city-centre location is a strong draw — close to the New Walk Cultural Quarter, university, hospitals and transport links.
The apartment is small (approximately 506 sq ft) and currently heated by electric room heaters; the building is solid-brick with no confirmed wall insulation. Annual service charge and ground rent are notable running costs — currently around £2,148 and £150 per year respectively — and the property sits in a very high crime area, which may affect rental demand and insurance costs. The remaining lease is about 107 years.
This lot will suit cash buyers or investors comfortable with the auction process and with budget for immediate or short-term works. The price point and central location create potential for rental or city-base occupation, but buyers should allow for possible heating upgrades, fabric insulation and security-related measures. Legal pack and auction buyer costs apply; bidders should read the documentation and seek legal advice before placing bids.
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