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About this property

** cash buyers only **

This well presented two bedroom flat is situated above a small parade of shops within the sought after village of Countesthorpe. Offered with no upward chain the flat is a blank canvass ready for a new owner to make their mark. The home is well placed for Countesthorpe's shops, eateries and public house. There is also a Co-op and convenience store that is within walking distance. The larger centres of Wigston Magna, Blaby and South Wigston are also only a short drive away where are more extensive range of supermarkets and amenities can be found. The flat would make an ideal first purchase for those on more limited budgets and with yields of 7-9% based on a rental income of between £500-£600 per calendar month it is an attractive proposition for landlords.

Access to the flat is around to the rear of the parade of shops with steps leading to a shared balcony where all the flats above can be entered. A gate opens to a covered patio seating area with benches that offer storage within them. A door then leads into the main lounge diner.

The lounge diner is spacious and can be configured in various ways depending on types of furniture. There is room for sofas and a dining table and chairs. A timber panelled wall and ceiling give an almost Scandinavian feel to the room.

Unlike many modern apartments where the kitchen is often open plan to the main living space, this apartment has a separate kitchen off the lounge diner. The kitchen includes a range of base and wall mounted fitted units with roll-edge work surfaces and a stainless-steel sink and drainer. There is an integrated ceramic hob and built-in, eye-level electric oven. There is space for a freestanding fridge/freezer and plumbing for a washing machine.

The two bedrooms are situated toward the front of the flat. The main bedroom, which is the larger of the two, benefits from a built-in wardrobe. The second bedroom offers the versatility to be used as an office space, dressing room, or even for storage, if not required as a bedroom day to day.

The bedrooms are serviced by a bathroom which comprises a bath with shower over and a pedestal wash hand basin. There is then a separate WC.

The flat does come with a resident parking space, within a car parking area at the rear.

Another feature of the flat is the very competitive service charges and ground rent. The combined figure for both is £125 per year, with the home have 80 years remaining on the current lease. Internal viewing is highly recommended to appreciate its position, the space it offers and the future potential it provides.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £349 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Key information

Council Tax Band: A

Tenure: Leasehold

Leasehold Information:

  • Number of years left on lease: 79 years
  • Annual service charge: £75
  • Annual ground rent: £50
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch
  • Utility supply:

    • Electric: Ask agent
    • Water: Ask agent
    • Heating: Ask agent
    • Broadband: Ask agent
    • Sewerage: Ask agent

    Rights and restrictions:

    • Private rights of way: Ask agent
    • Public rights of way: Ask agent
    • Listed property: Ask agent
    • Restrictions: Ask agent

    Risks:

    • Flooded in last 5 years: Ask agent
    • Flood defences: Ask agent
    • Source of flood: Ask agent

Energy Performance Certificate

EPC
  • Property responsive
    The Bank, Countesthorpe, Leicester, Leicestershire, LE8 2 flat
    £
    £
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    Years
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    * Estimated monthly repayment: £...

    *Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable. If you would like guidance on the right mortgage for you, we recommend speaking to a Countrywide Mortgage Services Consultant who will be more than happy to help.

    †The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.

Agent details

Blaby

    23 Leicester Road
    LEICESTER
    Leicestershire
    LE8 4GR
Phone Icon Icon set Phone 01163400531 Blaby branch

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Countrywide Mortgage Services and Connells Group Insurance Services are trading names of Connells Group Principal Services Limited which is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 301684). Registered Office: Witan Gate House, 500-600 Witan Gate West, Milton Keynes, MK9 1GF. Registered in England no. 01707341.