Summary - 47 PEGASUS CLOSE LEICESTER LE2 0UJ
2 bed 1 bath Maisonette
Affordable city-edge starter with parking and rental potential.
Two double bedrooms with a through lounge diner, compact efficient layout
Independent ground-floor entrance providing privacy from neighbours
Off-street parking included; double glazing present
Community mains-gas heating scheme, fast broadband and strong mobile signal
Approx 483 sq ft — small overall internal size
Lease c.85 years remaining — lease extension needed urgently for mortgageability
High local crime and very deprived area classification may affect resale
Cosmetic updating likely; service charge £69 pcm and ground rent £120 pa
This ground-floor two-bedroom maisonette offers an economical, city-edge home or let in Highfields, close to Leicester city centre and local amenities. The layout delivers a through lounge diner, fitted kitchen, bathroom plus separate WC, and two double bedrooms — a practical footprint for first-time buyers or landlords seeking straightforward rental stock.
Practical benefits include off-street parking, double glazing, mains gas via a community heating scheme, and an independent entrance which gives maisonette-style privacy. Service charges and ground rent are modest (around £69pcm service charge; £120pa ground rent), and broadband and mobile signals are strong — helpful for modern tenants or home workers.
Buyers should note material drawbacks: the lease has only about 85 years remaining and will need urgent attention to avoid mortgage or resale issues. The area scores high for crime and is classified as very deprived, which may affect resale values and insurance costs. The property is compact (approx 483 sq ft) and shows cosmetic age; the photos and descriptions suggest light updating is required rather than major structural works.
Overall, this maisonette represents an affordable entry into the Leicester market with clear rental appeal and scope for value through basic refurbishment. It suits a practical first-time buyer or investor who understands the lease-length implications and local market dynamics.
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