Summary - Sanvey Gate, Leicester, LE1 LE1 4BR
2 bed 1 bath Flat
Secure parking, modern kitchen and low deposit for eligible buyers.
25% shared ownership available for £32,500 based on £130,000 value
5% minimum deposit for eligible buyers
Allocated off-street parking and Juliette balcony
Open-plan modern kitchen and living area, EPC B
Air-source heat pump with underfloor heating
Service charge c. £2,234.84 per year; monthly total c. £1,040.19
High local crime rate; consider security and insurance costs
Lease length 972 years — long and mortgage-friendly
Bright, modern two-bedroom apartment in the heart of Leicester offered via Shared Ownership. The open-plan living area and fitted kitchen include contemporary finishes, a Juliette balcony and allocated off-street parking. Energy rating B and an air-source heat pump with underfloor heating help keep running costs lower than typical electric-only homes.
This property is available as a 25% share for £32,500 (based on a £130,000 value). Monthly outgoings: rent £853.37, service charge approx. £186.82, total monthly charge around £1,040.19 plus mortgage on the share. A 5% minimum deposit is required and rent is subject to an annual April increase.
Practical points for buyers: the lease is very long (972 years) which supports mortgageability and future saleability. Service charges average £2,234.84 yearly and the location records higher-than-average crime — both important factors when budgeting and assessing suitability. Broadband is average but mobile signal is excellent.
Well suited to first-time buyers who qualify for Shared Ownership and want city-centre living with nearby green space, canals and good road links (M1/M69). Prospective purchasers should check eligibility criteria, confirm monthly costs with their adviser, and view in person to assess the neighbourhood and security considerations.
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