Finders Fee £2880$ 3,826 *$ 5,492 *$ 5,427 *€ 3.370 *

2 Bed Apartment – Leicester, LE1 | 28% BMV

2
Bedrooms
1
Bathrooms

Exclusive BMV opportunity  Leicester, LE1. 2-bedroom leasehold apartment with 125 years on lease from 1st August 2006. On market value circa £100,000 (Sprift Report £140,000) — available at offers in excess of £72,000, representing approximately 28% below market value. Vacant possession with 28-day completion timescale. Service charge £4,000 p/a (paid up to date), ground rent £100 p/a. Property requires a new boiler. £5,000 reservation fee required upon acceptance. Direct to seller, exclusively available through Homelee Investments.

2-bedroom apartment located in Leicester City Centre. 63.7 Sq M / 686 Sq Ft. Leasehold with 125 years from August 2006. Service charge: £4,000 p/a (paid up to date). Ground rent: £100 p/a. Vacant possession. Requires new boiler. Close to Leicester Railway Station, Highcross Shopping Centre, Leicester Grammar School, and Leicester City Centre amenities.

Property Type
Flat
Bedrooms
2
Bathrooms
1
Refurbishment Type
Light Refurbishment (New Boiler Required)

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Financial Analysis

Estimated Purchase Price
£72,000$ 96 *$ 137 *$ 136 *€ 84 *
Renovation Costs
£≈ 2500 - 3500£ 0 *£ 0 *£ 0 *£ 0 *
Projected Rental Income
N/A
Potential Capital Appreciation
100,000
Comparable x 3
Comparable 1 — Sold: 2-bedroom leasehold flat, Leicester LE2 — Sold 16/03/2026 | £142,500 | 753 Sq Ft | 0.69 miles from subject propertyComparable 2 — Sold: 2-bedroom leasehold flat, Leicester LE2 — Sold 16/03/2026 | £135,000 | 602 Sq Ft | 0.85 miles from subject propertyComparable 3 — Sold: 2-bedroom leasehold flat, Leicester LE3 — Sold 30/01/2026 | £153,000 | 613 Sq Ft | 0.92 miles from subject propertySSTC Supporting Evidence: Further supporting comparables currently SSTC in the area range from £140,000 to £210,000 for 2-bedroom flats within 1 mile of the subject property, further evidencing the on market value and strong investment potential at the asking price of £72,000 OIEO.

Reports & Surveys

MAR-flat-9-1-duke-street-leicester-le1-6wb-1d5197e9dd67f980a6fe27f9285542cd.pdf
132.46 KB

Secure Deal

Payments by

Fee to Pay £691.2$ 918 *$ 1,318 *$ 1,303 *€ 809 * (Inc VAT)

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