Summary - ALEXANDRA HOUSE, 47 APARTMENT 21 RUTLAND STREET LEICESTER LE1 1SE
1 bed 1 bath Apartment
High-yield central flat ideal for investors or low-maintenance city living.
High rental yield at 9.47% (rental income £750 pcm)
Central Leicester City Centre location, excellent transport links
Open-plan living, integrated kitchen, modern fixtures throughout
Long lease remaining — c.103 years left
Service charge £2,222 p/a; ground rent £156 p/a
Electric storage heating; no confirmed wall insulation (solid brick)
Secondary glazing present; energy-efficient fixtures
Area is student-heavy with high local crime statistics
Set in a handsome neoclassical corner building, this one-bedroom apartment in Leicester City Centre combines strong rental income with low-maintenance modern finishes. The open-plan living space, integrated kitchen and secondary-glazed timber windows offer efficient, contemporary city living for tenants or owner-occupiers.
Financially this flat is compelling: a current rent of £750 pcm gives a headline yield of 9.47%, supported by a long lease (approx. 103 years) and reasonable ground rent. The apartment’s compact 553 sq ft layout includes a useful utility/study room that adds letting flexibility or home-working space.
Practical considerations are clear and should be factored into buying decisions. Heating is by electric storage heaters and the building has solid brick walls with assumed no cavity insulation; service charge and ground rent apply (£2,222 p/a and £156 p/a respectively). The area is a cosmopolitan, student-heavy neighbourhood with high local crime statistics and some signs of deprivation, which both influence management and tenant profiles.
Overall, this is a straightforward, income-focused opportunity for investors seeking strong yield in a central Leicester location, or for first-time buyers prioritising low-upkeep city living. The property’s period exterior and modern interior balance immediate rental appeal with scope for ongoing improvements where desired.
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