Summary -
Apartment 128,Alexandra House,47 Rutland Street,LEICESTER,LE1 1SS
LE1 1SS
1 bed 1 bath Apartment
Low-entry auction buy in central Leicester — ideal for refurbishment or rental income..
Fourth-floor one-bedroom city centre apartment
A compact one-bedroom apartment in Leicester city centre presenting a clear refurbishment opportunity for investors or a cash-first buyer. The fourth-floor flat has an open-plan living/kitchen, a double bedroom, fitted bathroom and benefits from a long lease (approx. 102 years), EPC C and very low council tax band A. The property is being offered via online auction with a low starting bid, creating potential for an immediate purchase at below-market entry.
The apartment comes with electric storage heating and built-in kitchen appliances (integrated fridge/freezer, washing machine, dishwasher, ceramic hob and electric oven). Accommodation is traditional in layout and modest in scale — rooms are small to medium with relatively low ceiling heights. The block shows an industrial/converted style; communal areas and the hallway show wear and will need attention as part of any refurbishment plan.
Key positives are the central location, long lease, vacant/chain-free sale and fast broadband/mobile signal — useful for rental demand in this multicultural, student-heavy neighbourhood. Material considerations: the flat needs renovation throughout, the local area records higher crime levels and the property will be sold via auction terms (non-refundable deposit and reservation fee likely apply). Buyers should review the legal pack and factor refurbishment and ongoing service/management costs into any offer.
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