Leicester Apartment at £55,000 — A Data-First Look
An apartment on Albion Street, Leicester is listed at £55,000. The listing carries three active market signals: the property has been relisted, the asking price has been reduced, and the sale is proceeding by auction. Bed count, tenure and rental income data are absent from the available listing information, which means a gross yield figure cannot be calculated from what is currently disclosed. The auction route and the prior relist and reduction each narrow the timeframe in which due diligence must be completed.
What the listing shows
The property is classified as an apartment on Albion Street in central Leicester and is being sold by auction. The listing data records that it has been relisted at least once and that its price was cut before arriving at the current £55,000 figure. No bedroom count, internal floor area, lease length, service charge or ground rent information is included in the available data.
The numbers at a glance
| Metric | Detail |
|---|---|
| Asking price | £55,000 |
| Property type | Apartment |
| Bedrooms | Not confirmed |
| Gross yield | Not available — no rental figure in listing |
| Tenure | Not confirmed |
No rental figure appears in the current listing, so a gross yield cannot be stated. Any estimate would require an independently sourced rental appraisal for this address and property type.
How this area compares
Albion Street sits in central Leicester. No postcode-level sold price comparables or rental market averages are included in the listing data, so a direct numerical comparison cannot be constructed from the figures available here. To benchmark the £55,000 asking price, buyers should review recent sold prices for comparable city-centre apartments via public land transaction records and obtain a rental appraisal from a local letting agent active in this part of the city.
What to check before viewing
Tenure and lease length. Tenure is not confirmed in the listing. For apartments, a short or diminished lease materially affects mortgage availability and future resale value. This should be the first figure verified in the auction legal pack before any bid is placed.
Service charges and ground rent. These are not disclosed in the available data. For leasehold apartments, recurring costs of this kind can be material and must be factored into any net return calculation before a bid or offer is committed to.
Auction legal pack. An auction sale completes unconditionally on the fall of the hammer. The legal pack should be obtained and reviewed by a solicitor ahead of the auction date, as there is no cooling-off period once a bid is accepted.
Condition and prior marketing. No internal images or survey notes appear in the available data. The relisted signal raises the question of why the property did not sell during its previous marketing cycle — an answer that may or may not be addressed in the legal pack or disclosed by the seller's solicitor.
At £55,000 with three market signals active, the gap between the headline figure and a fully informed assessment is significant. Obtaining the auction legal pack and arranging an in-person inspection are the two steps needed to close that gap before any bidding position is taken.
See the actual listing
Direct link to the current property listing. Check the live listing for up-to-date price and availability before viewing.
