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Loughborough Road, Belgrave, Leicester

East Midlands

£650,000

Listed on 15/01/2025

Property details

Bedrooms
N/A
Type
Not Specified

Description

Situated in the bustling LE4 area of Leicester, this historic two-storey former pub presents a rare freehold opportunity for savvy investors and developers. The property retains its Edwardian character and offers significant redevelopment possibilities, particularly for those looking to convert it into residential units, pending appropriate planning permissions. With a spacious interior layout that includes an inviting entrance lobby and expansive ground-floor areas, the building is well-suited for various repurposing projects. Its prominent location on Loughborough Road ensures high visibility and foot traffic, making it an ideal site for bespoke residential developments or mixed-use schemes. This property not only reflects historical charm but also holds promising potential for future growth in a thriving part of Leicester.

Investment analysis

(LE4 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
Investment Disclaimer: Analysis based on LE4 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

Loughborough Road, Belgrave, Leicester
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 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.

Stamp duty calculator

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