Apartment 1, Alexandra House, 47 Rutland Street, Leicester, Leicestershire, LE1 1SE

Description

Vacant leasehold self-contained ground floor flat comprising reception room/kitchen, bedroom with ensuite shower room, two further bedrooms and bathroom. GIA approximately 80 sq m (861 sq ft). Leicester City Centre is readily accessible, Leicester Rail Station is within half a mile to the south, and there is easy access to the A6. By Order of Receivers.

Accommodation

Ground floor: reception room/kitchen, bedroom with ensuite shower room, two further bedrooms and bathroom.

Location

Situated on the east side of Rutland Street. Shops, bars and restaurants are available nearby within Leicester city centre. Leicester station is within half a mile to the south. Easy access to the A6. Spinney Hill Park is close by.

Tenure / Property Information

Investment Analysis

Completed sales for flats/maisonettes at Alexandra House range from £56,000 to £94,000. The five-sale median is £80,000. As the individual units, condition, floors and transaction circumstances are not supplied, £80,000 is used as a cautious base GDV, with an evidence-based low scenario of £70,000 and high scenario of £94,000.

Investment Snapshot

Strategy Recommendation

Do not bid without the guide price, full lease and management information, inspection evidence, and reliable rental evidence. Reassess for BTL or resale only after total project costs are established.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and lease/building-document review before budgeting works; no works allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because the purchase price, refurbishment budget, rent and applicable acquisition costs are unavailable. At the £80,000 base GDV, 75% refinancing equates to £60,000 before lender criteria, finance costs and taxation.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status, £150 annual ground rent and any unknown service charges should be considered before relying on a rental appraisal.

Flip Analysis

The evidence supports a broad resale-value range of £70,000 to £94,000, with £80,000 as the base GDV. A flip surplus cannot be calculated because the guide/purchase price, works, acquisition costs and selling allowance are unavailable.

Investor Risks & Due Diligence

• Guide price and auction purchase costs are not supplied.

• Comparable sale prices vary materially from £56,000 to £94,000 and are not identified by unit or condition.

• No inspection evidence or refurbishment budget is available.

• No sufficiently specific rental evidence is available, so yield cannot be established.

• Leasehold service charge and management information are not supplied; only the £150 annual ground rent and approximately 103 years unexpired are evidenced.

• Additional seller or third-party charges may apply.

Recommendation

Do not bid without the guide price, full lease and management information, inspection evidence, and reliable rental evidence. Reassess for BTL or resale only after total project costs are established.

Strategy Rating

Analysis Confidence

There are five completed sales at the same address, but the subject unit is not matched by unit number and key inputs including guide price, condition, rent, service charge, EPC, buyer fees and selling costs are missing.