Summary - Flat 8, 40 Colton Street, LEICESTER LE1 1AF
1 bed 1 bath Flat
Light-filled Victorian conversion duplex — ideal for first-time buyers or buy-to-let investors..
Duplex one-bedroom in converted Victorian knitwear factory
Newly refurbished; high ceilings and full-height sash glazing
Juliet balcony, mezzanine study and walk-in dressing room
Chain-free sale with 984-year lease remaining
Predicted rental income around £900 pcm (buy-to-let potential)
Heating by electric room heaters; no gas central heating
Service charge £1,737.04 p/a; building insurance recently paid
High local crime and very deprived area; on-street parking only
Occupying the first floor of the converted Cherub Works, this one-bedroom duplex mixes Victorian character with modern finishes. The open-plan living/dining/kitchen benefits from very high ceilings, full-height glazing and a Juliet balcony that floods the space with light. A mezzanine provides a separate study or occasional guest space while the double bedroom includes a walk-in dressing area.
The apartment has been newly refurbished and is offered chain-free, making it ready for immediate occupation or rental. Predicted rental income is around £900pcm, supporting its appeal as a buy-to-let or a well-priced first home. Practical details include secondary glazing to original sash windows, an EPC rating of C and a long lease of 984 years.
Be clear on the material drawbacks: heating is by electric room heaters rather than gas central heating, the building has solid brick walls with no assumed cavity insulation, and parking is on-street only. The area shows high crime statistics and is classed as very deprived locally; buyers should factor local conditions into their plans. Service charge is £1,737.04 per year and building insurance was £349.12 paid to February 2025.
Positioned in Leicester’s Cultural Quarter, the flat is steps from Curve Theatre, the Phoenix cinema and a wide mix of cafés, restaurants and transport links. Leicester Railway Station is within easy walking distance for rail connections across the region and to London, making this a practical city-centre option for commuters and investors alike.
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