Summary - Penthouse 6 Metropolitan Apartments, 20, Lee Circle LE1 3RF
2 bed 1 bath Flat
Long lease, parking and immediate rental income in central Leicester.
- Currently tenanted achieving £995 PCM
- Long lease: 106 years remaining
- Allocated secure off-street parking space
- Top-floor balcony and open-plan living kitchen
- Electric storage heating; running costs may be higher
- Service charge circa £1,635–£2,000 per year
- Ground rent £250 per year
- Local area: very high crime and higher deprivation
A two-bedroom penthouse in the heart of Leicester city centre, this Metropolitan Apartments flat offers straightforward investment appeal. The apartment is currently let at £995 pcm, with a long lease of 106 years, allocated secure parking and a private top-floor balcony — features that support rental demand in a central location.
Accommodation is open-plan and well-presented with wooden floors, fitted kitchen and two double bedrooms with built-in wardrobes. Practicalities include double glazing, electric storage heating and an EPC rating of D. The property is sold leasehold and benefits from lift access and a secure entry system.
Important considerations for buyers: the area records very high crime and higher deprivation indicators, which can affect tenant profile and rental growth. Service charges and ground rent are ongoing costs (service charge noted around £1,635 p.a. to £2,000 p.a.; ground rent £250 p.a.). Heating is electric storage, which may mean higher running costs compared with gas.
For an investor seeking a city-centre let with immediate income and long lease security, this penthouse is a pragmatic purchase. For owner-occupiers, the location and apartment amenities work well but weigh the local area statistics and service costs against lifestyle priorities.
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