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Flat 16, 55 Watkin Road, Leicester, Leicestershire LE2 7AZ

Auction Event
 

Guide Price £85,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 27th November 2025

9.00am
Key Features
  • Council Tax Band: D
  • Superb First Floor Apartment
  • Two Bedrooms and Two Bathrooms
  • Allocated Parking
  • Desirable Development
  • Ideal Buy To Let
  • Vacant Possession
  • Balcony
  • EPC Rating: B
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Flat

Property Description:

A superb first floor apartment situated in a desirable, modern development next to the River Soar and King Power Stadium.

The apartment is offered in good order throughout and with vacant possession.

Offering Large Lounge Diner with Balcony. Two Bedrooms, Two Bathrooms and Allocated Parking.

Well placed for local amenities, The City Centre, DeMontfort University and Leicester Royal Infirmary Hospital.

Suitable for owner occupiers, but because of the great location it would make an excellent buy to let investment with estimated rental value of £1250 pcm/£15,000 per annum.

Communal Reception

A modern communal lobby with lift access to all floors and secure door entry.

Lounge/Diner 21ft 5 x 13ft 0 (6.53m x 3.96m)

Featuring large double-glazed windows and a sliding door leading onto a private balcony, offering an abundance of natural light. Finished with carpeted flooring and benefiting from two radiators

Kitchen 9ft 6 x 8ft 0 (2.9m x 2.44m)

A stylish, well-appointed kitchen fitted with a range of wall and base units. Has sink and drainer, integrated oven with hob and extractor over, and plumbing for both a washing machine and dishwasher. Tiled flooring and double-glazed window.

Bedroom one 12ft 5 x 10ft 6 (3.78m x 3.2m)

Double-glazed window to the side, fitted wardrobes, and radiator. The room also benefits from direct access to the master ensuite shower room.

En-Suite

A contemporary ensuite comprising a shower cubicle, low-level WC, wash basin, extractor fan, towel radiator, and tiled flooring.

Bedroom two 9ft 9 x 9ft 0 (2.97m x 2.74m)

With a side-facing double-glazed window, fitted wardrobes, radiator, and carpeted flooring.

Main Bathroom

Comprising a modern three-piece suite including a panelled bath with mixer tap and shower over, low-level W.C, and wash basin. Additional features include an extractor fan and wall-mounted towel rail.

Balcony

With access from the lounge/diner offering a great outdoor seating space.

Parking

Allocated Parking Space.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Leasehold Information

Term, 155 Years from 1 January 2003. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£140

Unexpired Years

133

Annual Service Charge

£2,580


Utilities Information
  • Heating Supply: Double Glazing, Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
Parking Arrangements

Allocated



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.