Summary - STIBBE LOFTS, 11 FLAT 1 NEWARKE STREET LEICESTER LE1 5SN
2 bed 1 bath Apartment
Unique city-centre space ideal for buy-to-let or creative living.
Large 915 sq ft loft-style open-plan reception space
Set within a converted development on Newarke Street, this first-floor property offers a large 915 sq ft open-plan space with distinctive industrial character. Exposed brick, high ceilings and glass-block bedroom pods create strong visual appeal and generous natural light. The flat is chain-free, comes with a secure off-street parking space and lift access for convenience.
The long lease (975 years) and central city-centre location make this suitable for a buy-to-let or owner-occupier seeking a unique, low-maintenance pied-à-terre. Practical features include uPVC double glazing and modern kitchen fittings. Current communal charges are notable: Service Charge £1,923.12, Buildings Insurance £487.73 and Reserve Fund contribution £1,111.11.
Be clear about running costs: heating is by electric storage heaters and the building’s construction suggests limited insulation, so energy use may be higher than in modern builds. The property sits in a multicultural student neighbourhood with very high local crime statistics — factors important for rental strategy and insurance.
Overall, this is a characterful urban apartment with strong rental and lifestyle potential for buyers who value space and central location. It will particularly suit investors or design-minded occupants willing to accept higher energy costs and active neighbourhood dynamics.
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