Summary - Gingcourt Charles Street, Leicester, Leicestershire, LE1 LE1 1LE
2 bed 1 bath Flat
Large 966 sq ft two-bedroom flat — unusually spacious for city centre
Tenant in situ — immediate rental income (sold as investment)
Long lease: 118 years remaining — secure tenure for investors
Electric room heaters — higher running costs; heating upgrade may be needed
Very high local crime rate — material factor for tenant profile and insurance
Situated in multicultural, cosmopolitan student neighbourhood — strong student demand
Excellent mobile signal and fast broadband — attractive to students/professionals
Council tax moderate; area classified as deprived — impacts resale profile
This substantial two-bedroom, one-bath flat in the heart of Leicester city centre offers clear rental appeal for investors. At approximately 966 sq ft the apartment feels larger than typical city flats, with a bright open-plan living area and floor-to-ceiling windows that maximise natural light.
The property is sold with a tenant in situ, providing immediate income. The long lease (118 years remaining) and fast broadband and excellent mobile signal make it suitable for student or professional lets close to local amenities, public transport and many shops and eateries.
Buyers should note material considerations honestly: the property is in a very-high-crime neighbourhood and the wider area is classified as deprived. Heating is by electric room heaters which can be costly and may deter some tenants or require future investment. The flat is leasehold and has only one bathroom.
Overall this is a practical, turn-key rental opportunity in a cosmopolitan student neighbourhood. Investors seeking immediate yield and long-term occupancy near universities and city services will find strong letting potential, while those prioritising low-crime, family-focused locations may prefer to look elsewhere.
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