Summary - Phoenix Square Phoenix Square, Burton Street, Leicester, LE1 LE1 1TL
1 bed 1 bath Apartment
Ready-made rental with strong yield and long lease.
11% current rental yield with tenant in situ
Long lease: 134 years remaining
Central Cultural Quarter location, close to amenities
Service charge approx £2,534 per year
Ground rent £150 per year
Compact 487 sq ft one-bedroom apartment, no garden
High local crime and area deprivation flagged
Community heating; double glazing; modern build (2012+)
This fourth-floor one-bedroom apartment in Phoenix Square is offered as a ready-made investment with a tenant in situ and a current yield of 11%. The property sits in Leicester’s Cultural Quarter, close to cinemas, cafés and public transport, and benefits from secure video entry, a Juliet balcony and an integrated modern kitchen with appliances.
The flat sits on a long lease (134 years remaining) and forms part of a contemporary mixed-use development built after 2012. The layout is efficient for its 487 sq ft footprint: entrance hall with utility cupboard, open-plan living/kitchen, double bedroom and bathroom with shower over bath. Communal heating is provided via a community scheme and glazing is modern double glazing.
Notable running costs and local context should be considered: an annual service charge of around £2,534 and a £150 ground rent apply. The immediate area is a busy, student-oriented city-centre neighbourhood with high recorded crime and local deprivation indicators — factors that can affect lettings, insurance and personal security perceptions.
For investors this property offers strong rental return potential and low management input while occupied. Owner-occupiers should note there is no private garden, the apartment is compact, and the tenant-in-situ sale limits immediate vacant possession or full internal viewing prior to completion.
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