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Wood Street, Earl Shilton, Leicestershire, LE9 7ND - Image 1
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Wood Street, Earl Shilton, Leicestershire, LE9 7ND

East Midlands

£375,000
Listed on 28/11/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
2016 sqft

Description

This property presents a valuable mixed-use investment opportunity, featuring two retail units on the ground floor alongside residential flats above. The layout includes a two-bedroom apartment and a one-bedroom apartment, both of which are situated on the first floor and could be ideal for rental income. The ground floor is home to Shilton Fish Bar, which includes a serving area, kitchen, preparation space, restrooms, and storage facilities. Adjacent to it is CBT Motorcycles, utilized as a motorcycle workshop with a dedicated retail area, workspaces, an external workshop that also includes restroom facilities, and basement storage. Both businesses provide existing tenants that can offer immediate cash flow. An additional highlight of this property is the vacant outbuilding located at the rear of the site. Although currently inaccessible and unmeasured, it has previously received planning permission for residential conversion. This opens up possibilities for future development (subject to planning), allowing an astute investor to enhance their portfolio further. Located in a vibrant area with foot traffic from the nearby retail shops and local amenities, this property not only serves its current functions well but also holds significant potential for renovation or expansion. Investors looking to capitalize on a mix of commercial and residential spaces should consider this opportunity as it promises multiple avenues for growth.

Investment Analysis

(LE9 area)

Below Market Value

This property is priced -33.1% below area average per sq ft

-33.1%
Potential saving
This Property
£186/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£616,160
10% above area average per sq ft
Potential ROI
+24.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (LE9)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 0.2%
5 year growth: 16.3%
Investment Disclaimer: Analysis based on LE9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Wood Street, Earl Shilton, Leicestershire, LE9 7ND
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE