Sold STC Flat

APARTMENT 170

ALEXANDRA HOUSE, 47, RUTLAND STREET, LEICESTER, LEICESTER LE1 1SS

1 beds 1 baths 420 sq ft Listed 2 May 2025 (-445d)

£80,000

Reduced on 2 Jun 2025

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Property details

Tenure

LEASEHOLD

Floor area

39 m²

Council tax band

A

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£74,500 Dec 2025

Price per m²

£2,051/m²

Local average

£112,863 (-29.1%)

Deprivation

Decile 2 (6,424 of 33,755)

Street crime

1409 incidents within 1 mile (May 2026)

Key features

  • No Upward Chain
  • Potential Gross Rental Yield of 11%
  • City Centre Location
  • Ideal First Time/Buy to Let Purchase
  • Open Plan Living
  • Cultural Quarter Location

Description

*OFFERED FOR SALE WITH NO UPWARD CHAIN*

Spencers are pleased to present this one bedroom apartment to the market. The property is located within the popular cultural quarter of the city providing easy access to an array of local amenities, the Curve Theatre, various bars, restaurants and cafes, its ideal location is perfect for people who adore city living.

Entrance Hall – Accessed via front entrance door, with door to;

Bedroom – Fitted wardrobe, Juliet balcony and a storage heater.

Bathroom – Panelled bath, hand wash basin, W.C and a heated towel rail.

Open Plan Living Room – Having a range of wall and base units, electric hob, oven, fridge, freezer, sink with drainer, electric hob and double glazed windows.

Lease Information:
103 Years Remaining
Service Charge: £1,756 per annum
Ground Rent: £234 per annum

Listed by

Leicester

Countrywide UK Sales - Connells

Reference: 161428121

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 03/05/2025

Expiry date: 02/05/2035

Current heating cost: £320/year

Potential heating cost: £191/year

Est. upgrade cost to C: £1,655

Recommendations

  • High heat retention storage heaters (£800 - £1,200)
  • Heat recovery system for mixer showers (£585 - £725)

View full EPC on gov.uk

Flood risk

Zone: 2

Risk: In flood risk area

Environment Agency Flood Risk Areas (APSFR)

Floorplans

Focal Integrated

Focal Integrated

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Sold 23/12/2025 (6 months ago) £74,500

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
WIMBLEDON HOUSE, 21 FLAT 17 WIMBLEDON STREET, LEICESTER, LE1 1SU £72,500 19/12/2025 Flat
ST. GEORGES MILL, 11 APARTMENT 208 HUMBERSTONE ROAD, LEICESTER, LE5 3GW £122,500 12/12/2025 Flat
ST. GEORGES MILL, 7 APARTMENT 421 WIMBLEDON STREET, LEICESTER, LE1 1SY £280,000 05/12/2025 Flat
ALEXANDRA HOUSE, 47 APARTMENT 34 RUTLAND STREET, LEICESTER, LE1 1SE £85,000 27/11/2025 Flat
ALEXANDRA HOUSE, 47 APARTMENT 27 RUTLAND STREET, LEICESTER, LE1 1SE £94,000 20/11/2025 Flat
THE ATRIUM, 2 FLAT 417 MORLEDGE STREET, LEICESTER, LE1 1ST £112,000 04/07/2025 Flat
ST. GEORGES MILL, 11 APARTMENT 204 HUMBERSTONE ROAD, LEICESTER, LE5 3GW £80,000 26/06/2025 Flat
ST. GEORGES MILL, 7 APARTMENT 215 WIMBLEDON STREET, LEICESTER, LE1 1SY £124,500 21/02/2025 Flat
ALEXANDRA HOUSE, 47 APARTMENT 54 RUTLAND STREET, LEICESTER, LE1 1SQ £62,000 20/01/2025 Flat
ST. GEORGES MILL, 7 APARTMENT 314 WIMBLEDON STREET, LEICESTER, LE1 1SY £133,000 24/11/2023 Flat
THE ATRIUM, 2 FLAT 203 MORLEDGE STREET, LEICESTER, LE1 1ST £95,000 15/11/2023 Flat
PHOENIX SQUARE, 11 APARTMENT 2 MORLEDGE STREET, LEICESTER, LE1 1TH £80,000 01/09/2023 Flat
Same street ALEXANDRA HOUSE, 47 APARTMENT 178 RUTLAND STREET, LEICESTER, LE1 1SS £163,000 13/07/2023 Flat
ALEXANDRA HOUSE, 47 APARTMENT 97 RUTLAND STREET, LEICESTER, LE1 1SQ £115,000 16/06/2023 Flat
THE ATRIUM, 2 FLAT 113 MORLEDGE STREET, LEICESTER, LE1 1ST £130,000 09/05/2023 Flat
ST. GEORGES MILL, 7 APARTMENT 214 WIMBLEDON STREET, LEICESTER, LE1 1SY £132,000 05/05/2023 Flat
Same street ALEXANDRA HOUSE, 47 APARTMENT 135 RUTLAND STREET, LEICESTER, LE1 1SS £80,000 19/04/2023 Flat
3 FLAT 12 QUEEN STREET, LEICESTER, LE1 1RG £190,000 21/12/2022 Flat
ST. GEORGES MILL, 7 APARTMENT 422 WIMBLEDON STREET, LEICESTER, LE1 1SY £170,000 21/12/2022 Flat
DEUCE HOUSE, 20 FLAT 7 WIMBLEDON STREET, LEICESTER, LE1 1SN £102,000 16/12/2022 Flat
THE ATRIUM, 2 FLAT 402 MORLEDGE STREET, LEICESTER, LE1 1ST £130,000 16/12/2022 Flat
QUEENS BUILDING, 3 FLAT 9 QUEEN STREET, LEICESTER, LE1 1RG £230,000 08/12/2022 Flat
Same street ALEXANDRA HOUSE, 47 APARTMENT 159 RUTLAND STREET, LEICESTER, LE1 1SS £70,000 15/07/2022 Flat
Same street ALEXANDRA HOUSE, 47 APARTMENT 175 RUTLAND STREET, LEICESTER, LE1 1SS £142,000 15/10/2021 Flat

Street average: £113,750 (4 sales)

Area average: £126,975 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 2%
10y growth 4.3%

House Price Index (HM Land Registry — official index, not sold-price averages): Leicester. Series: Flats and maisonettes. As of April 2026.

1y (index) -1.9%
5y (index) 5.4%
10y (index) 47.3%

Rental Range

Estimated market rent for Leicester. Low = conservative, Realistic = average, Optimistic = best case.

Low £922/mo
Realistic £1,024/mo
Optimistic £1,126/mo

Based on Local Authority from postcode lookup → Leicester.

LHA (30th percentile) floor for Leicester: £539/mo (Apr 2025 – Mar 2026)

Location

Address

Wimbledon Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Rex Auto 0.1 miles
Bus stop Humberstone Gate East 0.1 miles
Shop Asya Food Centre 0.1 miles
Train station Leicester 0.3 miles
Train station Unknown 0.8 miles
University University of Leicester 1.3 miles
Hospital Leicester Nuffield Hospital 2.4 miles
Hospital South Entrance 2.6 miles

Street-level crime

Category Count
Violence and sexual offences 465
Anti-social behaviour 184
Public order 173
Shoplifting 155
Other theft 107
Criminal damage and arson 99
Drugs 54
Vehicle crime 51
Burglary 34
Theft from the person 23
Robbery 21
Other crime 19
Possession of weapons 14
Bicycle theft 10
Total incidents 1409

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Moat Community College Secondary 0.3 miles Good — 12 Feb 2014
Beauchamp City Sixth Form Other 0.4 miles (No rating)
Sparkenhoe Community Primary School Primary 0.5 miles Good — 28 Mar 2023
Charnwood Primary School Primary 0.5 miles Outstanding — 23 Apr 2009
Taylor Road Primary School Primary 0.5 miles Good — 1 Apr 2019

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Humberstone Gate, LE1 £695/mo 1 0.09 miles OpenRent
1 Bed Flat, Colton St, LE1 £900/mo 1 0.16 miles OpenRent
1 Bed Flat, The Exchange, LE1 £800/mo 1 0.16 miles OpenRent
1 Bed Flat, Bradshaw House, LE1 £1,533/mo 1 0.21 miles OpenRent
1 Bed Flat, Granby Street, LE1 £775/mo 1 0.22 miles OpenRent
Studio Flat, Granby Street, LE1 £730/mo 1 0.23 miles OpenRent
Studio Flat, Granby Street, LE1 £730/mo 1 0.26 miles OpenRent
Studio Flat, Belgrave Gate, LE1 £695/mo 1 0.28 miles OpenRent
1 Bed Flat, Bedford Street South, LE1 £995/mo 1 0.29 miles OpenRent
1 Bed Flat, Albion House, LE1 £800/mo 1 0.34 miles OpenRent

Average rent: £863/mo (22 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.87%
Max investor price (0.8%) £86,875
Target investor price (1%) £69,500
Gross yield 10.4%
Cost-to-rent ratio 9.6×
Monthly cashflow £285/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 14.8%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).