2 bed flat for sale

The Chimney, Leicester, Leicestershire LE1

This bright and charming two-bedroom apartment is now available in Leicester through Shared Ownership.

The property, situated on the second floor, comprises an entrance hall with built-in storage, a living room with a modern open-plan kitchen, two double bedrooms, and a bathroom.

Outside, there is an allocated parking space. Perfect for couples and small families.

The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.

Available for £31,250 for 25% share based on the marketing figure of £125,000.

Monthly rent - £407.08
Monthly Service Charge - £239.38
Total Monthly Charge - £646.46 plus mortgage required for 25% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

Living at Leicester offers vibrant city living in a convenient location close to the heart of Leicester city centre. Residents can enjoy easy access to a wide range of shops, restaurants, cafés, entertainment venues, and cultural attractions, including the High Cross Shopping Centre, the Cultural Quarter, and Leicester’s renowned sporting facilities.

The property is well placed for commuters, with Leicester railway station providing direct services to London St Pancras International, Nottingham, Birmingham, and Sheffield, while an extensive local bus network serves the city and surrounding areas.

For motorists, the nearby A594, A6, and A46 offer convenient connections across Leicester and to the wider motorway network, including the M1 and M69. Combining excellent amenities, strong transport links, and a central location, The Chimney is ideally suited to professionals, first-time buyers, and those looking to enjoy all that Leicester has to offer.

EPC rating

Energy Rating Band - B
Environmental Impact Band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.