Summary - Apartment 219 St. Georges Mill, 9, Wimbledon Street LE1 1SZ
2 bed 2 bath Apartment
Large two-bed with parking and strong rental yield near theatres and transport.
- Large 1,002 sq ft two-bedroom apartment in Cultural Quarter
- Two double bedrooms, two bathrooms (one en-suite)
- Let at £1,100pcm on a rolling (periodic) tenancy
- Approximate 9% gross yield at asking price
- Allocated secure off-street parking included
- Leasehold tenure; buyer to check remaining term and charges
- Electric room heaters only — no central gas heating
- Area shows higher crime rates and local deprivation
A large two-bedroom apartment in Leicester’s Cultural Quarter, set within a converted Victorian mill just minutes from Curve Theatre and the city centre. The 1,002 sq ft open-plan living space, two double bedrooms and two bathrooms (one en-suite) suit professional sharers or buy-to-let portfolios. Allocated secure parking is included, a rare city-centre benefit.
Currently let on a rolling tenancy at £1,100pcm, the purchase price produces an approximate 9% gross yield — attractive for cash buyers and investors seeking immediate rental income. Excellent transport links (around a 10-minute walk to Leicester station) and proximity to De Montfort and Leicester universities help sustain demand from students, postgraduates and young professionals.
Important facts and drawbacks are stated plainly: the property is leasehold; heating is by electric room heaters (no communal gas or full central heating), and broadband speeds are average. The wider area shows higher crime levels and pockets of deprivation, which are reflected in local rental profiles and may affect long-term capital growth. The tenancy is periodic and can be ended with notice if vacant possession is required.
Overall, this apartment offers strong rental returns, generous internal space and secure parking in a culturally vibrant part of the city, balanced against area-level challenges and the property's electric heating and leasehold status.
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