Leicester LE2
East Midlands
£625,000
Listed on 29/08/2026
Listed on 29/08/2026
The listing
Property details
Bedrooms
8Type
Block Of ApartmentsDescription
This freehold commercial property on Saffron Lane extends to approximately 10,936 sq ft over two floors. Formerly used as a neighbourhood housing office, it has open-plan space on the ground floor, with offices, storage rooms, kitchens and bathrooms on the first floor. The listing states that planning permission has been granted for external alterations, including two front windows and three front doors, to facilitate subdivision into three Class E retail or commercial units with office and storage accommodation above. Alternative uses may be considered subject to the necessary consents. The property is near the junction of Gedge Way and Burgess Road, with Aylestone Leisure Centre, Saffron Health Practice and the Pork Pie Roundabout nearby. Contact KCR Real Estate to arrange a viewing and discuss the consented scheme.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: LOW
At £625,000, the asking price is exceptionally low against the stated local £/sqf average, making this a strikingly cheap entry point for a substantial freehold building. The two-storey brick frontage, multiple access points and granted planning permission for subdivision into three Class E units give the opportunity a clear commercial value-add angle.
The visible frontage looks dated, with peeling finish to the entrance doors, but the submitted photos show no interior condition, so the scope for improvement is only partly assessed. The overall score remains weak: the price and fundamentals are strong, while the available information does not establish the renovation economics and the location and risk scores are more modest.
Key opportunities
- Acquire a 10,936 sq ft building at an asking price far below the stated local £/sqf average.
- Use the granted planning permission for external alterations to facilitate subdivision into three Class E units.
- Make use of the two-storey brick frontage, multiple windows and entrance points to shape a multi-unit commercial scheme.
Key risks
- Interior condition is not evidenced in the submitted photographs, leaving the actual scope of improvement uncertain.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
Transport
Nearest stations
South Wigston Rail Station
2.9 miles
Train · South Wigston
Leicester Rail Station
3.0 miles
Train · Leicester
Narborough Rail Station
5.9 miles
Train · Narborough
Syston Rail Station
6.4 miles
Train · Syston
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£2,361
Based on a loan of £468,750 over 30 years at 4.45% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
