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St Martins East, Leicester LE1 5FX
For sale
£795,000Guide price

St Martins East, Leicester LE1 5FX

8bedrooms
7bathrooms
Flattype
Freeholdtenure

Listed 7 Oct 2026 · Leicester

How the price compares

This home£795,000
Median 8 bed in Leicester£2.1m2 homes listed · £214 per sq ft
Difference-62%below the area median

Key features

  • Freehold development of five self-contained dwellings
  • Investment opportunity - currently tenanted achieving an annual rent of £61,440
  • Attractive rental yield of 7.7%
  • Located within Leicester's historic Cathedral Quarter
  • Shared courtyard accessed via Guildhall Lane
  • Flat 1 benefits from a further entrance from St Martins East
  • Producing an immediate rental income
  • Partially Grade II Listed
  • Excellent access to local amenities, employment centres and transport links

About this home

Priya Properties is pleased to present this exceptional freehold investment opportunity located in the heart of Leicester City Centre.

The development comprises of five self-contained residential dwellings arranged as follows:

5A St Martins East - Two Bedroom House Flat 1, 7 St Martins East - Two Bedroom Duplex Flat Flat 2, 7 St Martins East - One Bedroom Flat Flat 3, 7 St Martins East - One Bedroom Flat Flat 4, 7 St Martins East - Two Bedroom Flat

The development is entered from Guildhall Lane into a communal courtyard, providing access to all five dwellings. Flat 1 additionally benefits from an additional entrance from St Martins East.

All five dwellings are currently tenanted and producing rental income, offering an immediate income stream for investors. The property is being offered for sale as a single freehold investment and presents an opportunity to acquire a well-positioned residential asset within one of Leicester's most established and sought-after city centre locations.

The varied unit mix appeals to a broad tenant base and has helped support consistent occupancy within this popular city centre location. St Martins East is ideally situated within walking distance of Leicester's extensive retail, leisure, employment and transport amenities, contributing to consistently strong demand for residential accommodation in the area.

This is a rare opportunity to acquire a fully occupied freehold residential investment in Leicester City Centre with established tenants in situ and immediate income generation. Location Situated in the heart of Leicester City Centre, St Martins East is ideally located within walking distance of an extensive range of retail, leisure and cultural amenities. The property is positioned close to Leicester Market, Highcross Shopping Centre, Curve Theatre, St Martin's Square and Leicester Railway Station.

The location benefits from excellent public transport connections and convenient access to major road networks serving Leicester and the wider East Midlands region. The city's universities, professional services sector and large employment base continue to support strong demand for residential accommodation within the city centre. Tenancy All five dwellings are currently let on Assured Periodic Tenancies, producing a combined annual rental income of £61,440. Tenure Freehold Heritage Information The development is situated within Leicester City Council's Greyfriars Conservation Area. The building at 7 St Martins East is Grade II Listed and 5A St Martins East is not listed. Council Tax Band Leicester City Council

5A St Martins East - Band B Flat 1, 7 St Martins East - Band D Flat 2, 7 St Martins East - Band C Flat 3, 7 St Martins East - Band C Flat 4, 7 St Martins East - Band D EPC Rating 5A St Martins East - 59 D Flat 1, 7 St Martins East - 67 D Flat 2, 7 St Martins East - 54 E Flat 3, 7 St Martins East - 55 D Flat 4, 7 St Martins East - 67 D Important Notice Priya Properties for themselves and for the Vendors whose agent they are, give notice that: 1) Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2) The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchaser(s) and lessees ought to seek their own professional advice. 3) All descriptions, dimensions, areas, reference to condition and if necessary, permissions for use and occupation and their details are given in good faith and believed to be correct. Any intending purchaser(s) should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 4) No person in the employment of Priya Properties has any authority to make or give any representation or warranty, whether in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Vendors. 5) No responsibility can be accepted for any expenses incurred by any intending purchaser(s) in inspecting properties that have been sold, let or withdrawn. Measurements and Other Information All measurements are approximate. Whilst we endeavour to make our sales particulars and floorplans accurate and reliable, if there is any point which is of particular importance to you, please contact this office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.

Property details

Property type
Flat
Tenure
Freehold

Floorplan

Floorplan 1Floorplan 2Floorplan 3Floorplan 4Floorplan 5

Location

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1 on this map

  • Leicester Station0.6 mi
  • South Wigston Station3.6 mi
  • Syston Station4.7 mi

What nearby homes sold for

Median sold prices in LE1 over the last 12 months: flat £115k · semi-detached £645k · detached £524k.

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in LE1

Buying costs

Monthly repayment£3,977£79,500 deposit · £715,500 loan
Stamp Duty£29,750England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Priya Properties, Leicester on Rightmove (original listing). First listed 7 Oct 2026; details checked 7 Nov 2026. Latest change: added on 07/10/2026.

Agent disclaimer

Disclaimer - Property reference 32297. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Priya Properties, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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