# 1 bedroom flat for rent (LE3 5BZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | Northgate Street, Mitchian Grand Union Building, LE3, LE3 5BZ |
| Price | £900 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £196,250 |

## Description

**Furnished 1 Bed Apartment to Rent, Mitchian Grand Union Building, Northgate Street, Leicester, LE3 5BZ**

A modern and well-presented **one bedroom furnished apartment** located in the desirable Mitchian Grand Union Building near Leicester city centre. Positioned within a secure and stylish development, this apartment offers a perfect blend of comfort, location, and convenience, **available immediately**.

**Key Features**

One spacious double bedroom

Furnished throughout including bed, wardrobe, sofa, and dining set

Open plan living and dining area with large windows

Contemporary bathroom with shower and high quality finishes

Secure entry system and lift access

Energy efficient and low maintenance

Communal areas maintained to a high standard

Ideal waterside location near the Grand Union Canal

**Rent & Deposit**

Rent: £900 pcm

Deposit: £1,038.46 (equivalent to 5 weeks’ rent)

Available immediately

Furnished

**Council Tax & EPC**

Council Tax Band: A

EPC Rating: B (based on similar apartments in the building)

**Location**

The Mitchian Grand Union Building is located just a short walk from Leicester city centre, close to Highcross Shopping Centre, De Montfort University, and the train station. The area benefits from excellent public transport, local cafes, restaurants, and quick access to major road links including the M1 and M69.

**Ideal For**

Professionals or couples seeking a stylish, furnished apartment in a well-connected city centre location.

**Disclaimer:**

Every effort has been made to ensure the accuracy of the information in this listing. It does not form part of any offer or contract. All measurements, council tax figures, and EPC ratings are provided as a guide and should be independently verified by interested parties before entering into a tenancy.

## Property Photos

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## 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):** £539/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 |
|------|------|------|------|------|
| 1 Bed Flat, Mitchian Grand Union Building, LE3 | £2,550/mo | 1 | 0.01 miles | OpenRent |
| 1 Bed Flat, Aadams Apartments, LE3 | £750/mo | 1 | 0.11 miles | OpenRent |
| 1 Bed Flat, The Circus, LE1 | £950/mo | 1 | 0.39 miles | OpenRent |
| 1 Bed Flat, Nugent Street, LE3 | £795/mo | 1 | 0.43 miles | OpenRent |
| 1 Bed Flat, Equinox, LE1 | £775/mo | 1 | 0.47 miles | OpenRent |
| 1 Bed Flat, Equinox, LE1 | £1,560/mo | 1 | 0.47 miles | OpenRent |
| 1 Bed Flat, Bedford Street South, LE1 | £1,095/mo | 1 | 0.49 miles | OpenRent |

**Average rent: £1,211/mo (7 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £950/mo).*

- **Gross yield:** 1266.7%
- **Monthly cashflow:** £826/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3799.8%

*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)