1 bedroom Studio flat in Leicester

Flat 2, 18 Prebend Street, Leicester, Leicestershire LE2 0LA
  • Property Type: Studio flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £5,000+ plus fees

Property Description

A superb investment opportunity comprising of a student pod in a purpose converted building providing student accommodation. The property comprises of a bedroom and study space with ensuite shower room. The main building offers a secure communal reception with onsite manager, communal kitchen and further communal utility / laundry room. Well placed with a great range of amenities locally and only a few minutes walk to the City Centre and Train Station. The property offer letting to both Leicester University Students as well and DeMontfort University. The unit is fully let for the 2025-2026 academic year at £541 pcm / £6500 per annum. Sold fully furnished including bed, wardrobe and workspace/desk. Held on a long lease of 250 years from 2014. Ground Rent £760 per annum. Service Charge £3800 per annum. Gross Income, after deductions, of approx. £2000 per annum.

NOTE

The auctioneers have not inspected the property internally. Internal photos give an example of the accommodation. The Bedroom photo may not be of the exact room for sale.


Draft Sales Details

These sales details are awaiting vendor approval.


Leasehold Information

250 years from 28 November 2014. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 25th September 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 2, 18 Prebend Street, Leicester, Leicestershire LE2 0LA