# 2 bedroom apartment for rent (LE3 5BZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 28, MITCHIAN GRAND UNION BUILDING, 55, NORTHGATE STREET, LEICESTER, LEICESTER LE3 5BZ |
| Price | £1,250 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £245,925 Oct 2023 |

## Description

Set To Let Estate Agents are excited to offer this ultra contemporary Two Bedroom Apartment within the Exclusive Mitchian Grand Union Building in Leicester. Conveniently located only a stone throw away from the iconic Highcross Shopping centre, with easy access to Leicester Royal Infirmary, Universities and access to motorway routes. 

Property comprises in brief, entrance hall leading to open plan lounge with large windows and Juliet balcony (canal view) allowing plenty of natural light. Sleek modern kitchen with all appliances integrated and a range of wall and base level cupboards. Two generous bedroom with large windows and a spacious bathroom fully tiled. 

Mitchian Grand Union Building is a BRAND NEW development in City Centre, Leicester. A striking development within secure grounds, video and fob entry systems and lift access to all floors. A rooftop garden with seating available for all residents to enjoy and compliment this spectacular site. 

Call Set To Let to arrange a viewing.

## Property Photos

- ![IMG_8571.JPG](/listings/photos/167639345/205035) - IMG_8571.JPG
- ![IMG_8548.JPG](/listings/photos/167639345/205036) - IMG_8548.JPG
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- ![IMG_8543.JPG](/listings/photos/167639345/205040) - IMG_8543.JPG
- ![IMG_8540.JPG](/listings/photos/167639345/205041) - IMG_8540.JPG
- ![IMG_8536.JPG](/listings/photos/167639345/205043) - IMG_8536.JPG
- ![IMG_8537.JPG](/listings/photos/167639345/205046) - IMG_8537.JPG
- ![IMG_8574.JPG](/listings/photos/167639345/205048) - IMG_8574.JPG
- ![IMG_8553.JPG](/listings/photos/167639345/205050) - IMG_8553.JPG
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- ![IMG_8567.JPG](/listings/photos/167639345/205053) - IMG_8567.JPG

## Rental Range

*ONS Price Index of Private Rents (Leicester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £923/mo
- **Realistic:** £1,025/mo
- **Optimistic:** £1,128/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Leicester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £648/mo

## 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 |
|------|------|------|------|------|
| 2 Bed Flat, Church Gate, LE1 | £850/mo | 2 | 0.37 miles | OpenRent |
| 2 Bed Flat, Church Gate, LE1 | £1,000/mo | 2 | 0.37 miles | OpenRent |
| 2 Bed Flat, Keswick House, LE1 | £1,300/mo | 2 | 0.52 miles | OpenRent |

**Average rent: £1,050/mo (3 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,000/mo).*

- **Gross yield:** 960%
- **Monthly cashflow:** £870/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2880.3%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − 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).*

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)