Summary - ALEXANDRA HOUSE, 47 APARTMENT 131 RUTLAND STREET LEICESTER LE1 1SS
2 bed 1 bath Apartment
Grade II listed two-bed apartment in Leicester’s cultural quarter — strong rental potential with refurbishment needed..
Two bedrooms on the 8th floor with period features and high ceilings
Set within the Grade II listed Alexandra House (1897), this two-bedroom eighth-floor apartment sits in Leicester’s city-centre cultural quarter, a short walk from the station, shops and theatres. Its period features and large windows give character and rental appeal to students or professionals seeking central city living. A single valet parking space is available — rare for city-centre flats.
The building and apartment show strong location-driven value for investors targeting the nearby student and professional market. Practical positives include a 103-year lease remaining and double glazing; broadband and mobile signal are excellent for modern tenants. Proximity to amenities and transport supports steady demand for lettings.
Buyers should note material issues: the apartment has reported water damage and damp in parts, and heating is by electric storage heaters — a likely candidate for heating and insulation upgrades. As a Grade II listed building, any structural or external works will require listed-building consents, which can increase cost and timescales. The property sits in a high-crime, deprived district, which affects some buyer groups and may influence tenant mix and insurance costs.
Overall, this apartment offers clear rental potential and characterful accommodation for an investor or a buyer prepared to carry out targeted repairs and improve energy performance. The combination of central location, period appeal and a manageable lease length makes it a practical purchase for those who factor in refurbishment costs and listed-building constraints.
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