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Leicester 1 bed flat for sale
Leicester
£50,000
Our Summary
- For Sale By Public AuctionA prime development opportunity, ideal for those looking to renovate in the heart of Leicester City Centre
- The spacious second floor flat consists of one bedroom, lounge, kitchen diner and a bathroom and requires full renovation (subject to any necessary planning permissions)
- Auction Details;Auction Live EventWednesday 7th May 2025, 6pmHinckley Golf ClubAuction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s
- Development/Renovation Opportunity
- Live Auction Event
- Suitable For Cash Buyers or Auction Finance Only
Description
This is a prime development opportunity in the heart of Leicester City Centre, offering a spacious second-floor flat that requires full renovation (subject to necessary planning permissions). The property, which has one bedroom, lounge, kitchen diner, and bathroom, has the potential to be transformed into a valuable buy-to-let investment or re-sale opportunity. Following a high-standard renovation, the property could achieve an approximate re-sale value of £120,000 and generate a healthy rental yield of £850-£900 per month. The property will be sold at auction on May 7th, 2025, at Hinckley Golf Club, with the successful bidder required to adhere to the Special and General Conditions of Sale.