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Upper New Walk, Leicester, LE1

East Midlands

£425,000

Listed on 04/11/2026

The listing

Property details

Bedrooms
4
Type
Block Of Apartments

Description

A substantial period property arranged over four levels and currently configured as four self-contained flats. The accommodation includes separate living and dining areas, bedrooms, kitchens and bathrooms, with a rear fire escape. Three flats are let, including one on a protected tenancy, while the fourth has recently become vacant. The listing describes scope to modernise the interiors and reconfigure three of the flats from one to two bedrooms, subject to verification of feasibility and any required consents. The property is close to local amenities, shopping, Victoria Park and the university campus. The vendor is seeking cash buyers, and viewings are by appointment through Moore & York.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

51out of 100
Grade DWeak opportunity

Confidence: LOW

This substantial period property has a distinctive four-level layout, bay windows and decorative features, with four separate flat layouts shown on the floor plan and three currently let. The photographed interiors are dated and worn in several places, making this a medium-scale opportunity to refresh finishes and modernise the pictured kitchen and bathroom. The listing also describes scope to reconfigure three flats, though feasibility and any required consents are not established.

At £425,000, value versus local £/sqf cannot be judged yet because the floor area is missing. The D-grade reflects that uncertainty alongside moderate condition and economics scores; the period character and existing flat arrangement still give the project clear appeal. The listing is for cash buyers only, and the roof, services and rear fabric need closer inspection.

Key opportunities

  • Retain and enhance period features including bay windows, cornicing and high ceilings.
  • Refresh the photographed interiors, including the dated kitchen and bathroom, and update worn finishes across the property.
  • Explore the listing's suggested reconfiguration of three flats from one to two bedrooms, subject to feasibility and consents.

Key risks

  • Roof, services and the rear elevation are not established by the available photographs and need inspection.
  • The missing floor area prevents a comparison with local £/sqf and leaves value assessment incomplete.

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Map

Location

Upper New Walk, Leicester, LE1
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Transport

Nearest stations

  • Leicester Rail Station

    0.4 miles

    Train · Leicester

  • South Wigston Rail Station

    3.1 miles

    Train · South Wigston

  • Syston Rail Station

    4.9 miles

    Train · Syston

  • Narborough Rail Station

    5.2 miles

    Train · Narborough

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£1,737
Based on a loan of £318,750 over 30 years at 5.13% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-29.2% since listed
£425,000£100,000(-19.0%)
14/03/2026
Current price
£525,000£75,000(-12.5%)
04/03/2026
£600,000Initial listing
31/01/2026

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