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Princess Road East, Leicester, LE1 7DQ

East Midlands

£90,000

Listed on 18/05/2026

Property Details

Bedrooms
1
Type
Apartment

Description

This spacious one-bedroom apartment, situated within the desirable New Walk Central Apartments development, is positioned in the vibrant heart of Leicester city centre. It offers an excellent opportunity for entry-level buyers, professionals, or investors seeking a property with significant renovation potential. The secure gated complex includes allocated parking and provides convenient living close to a variety of amenities, transport links, and leisure activities. The open-plan lounge and kitchen area spans approximately 27’9” x 16’2”, delivering a bright and flexible space ideal for relaxation and dining alike. Large dual aspect windows flood the room with natural light, while the fitted kitchen features a practical U-shaped layout with a central island unit that affords ample storage and workspace alongside integrated cooking appliances. This sociable setup caters perfectly to contemporary living. The double bedroom is generously sized at around 14’9” x 10’0”, further benefitting from dual windows that enhance the overall sense of brightness and space. A well-sized bathroom completes the apartment’s offerings, equipped with both shower enclosure and bathtub facilities. Additionally, built-in storage cupboards along the hallway provide valuable storage options often missing in urban apartments. Located just a short distance from Leicester Railway Station, this apartment is particularly suited for commuters heading to Birmingham, Nottingham, or London. The city centre's extensive range of shopping options, restaurants, cafés, bars, and entertainment venues—including Highcross Shopping Centre and Curve Theatre—are all within easy reach. Nearby green spaces such as Victoria Park also offer pleasant areas for outdoor activities. Given its proximity to both University of Leicester and De Montfort University, this property attracts strong rental demand among students and academics alike. Local health services like Leicester Royal Infirmary are also conveniently accessible. The surrounding area features several respected schools and educational institutions. While currently in fair condition overall, the property presents remarkable scope for cosmetic upgrades and modernisation; potential buyers have an exciting chance to customize their new home while adding value through thoughtful renovations. With its spacious design, prime location, secure parking, and excellent transport links all combined within a well-established development in Leicester, this apartment stands out as an appealing investment opportunity.

Investment Analysis

(LE1 area)
Area Average
£190/sq ft
Avg Rent (weekly)
£183
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (LE1)

Area prices are falling by -24.7% over the last 12 months
3 year growth: -19.3%
5 year growth: +5.6%
Investment Disclaimer: Analysis based on LE1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Princess Road East, Leicester, LE1 7DQ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-18.2% since listed
£90,000£20,000(-18.2%)
24/06/2026
Current price
£110,000Initial listing
19/05/2026

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