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Fosse Road North, Leicester - Image 1
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Fosse Road North, Leicester

East Midlands

£310,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1093 sqft

Description

This property presents a noteworthy investment opportunity situated in the vibrant area of Fosse Road North, Leicester. The layout comprises a ground-floor commercial space currently operating as a fish and chip shop, alongside a separately accessed first-floor apartment. This arrangement not only offers immediate rental income but also potential for future enhancement or diversification. The ground floor features an inviting customer area with a large shopfront and serving counter, providing excellent visibility and accessibility. Two well-sized kitchen and preparation zones ensure sufficient capacity for food operations, while additional storage and toilet facilities are located at the rear. The outdoor space includes a paved garden area with side access, which could be leveraged for deliveries or potentially expanded upon with appropriate permissions. On the upper level, the self-contained apartment includes three bedrooms, making it suitable for tenants seeking comfortable living arrangements. Accessed through its own entrance, this spacious unit is fully equipped with essential utilities such as electricity, gas, water, and drainage—ensuring ease of management for any property owner. With a combined rental income from both units that yields approximately 5.5%, this freehold property stands out in terms of investment potential. Its location benefits from significant foot traffic and convenient transport links, appealing to both commercial and residential tenants alike. Moreover, there is ample scope for renovation or redevelopment (subject to planning permission), allowing an owner to capitalize on value enhancement over time. Overall, this unique property not only meets current market demand but also invites creative vision for future development opportunities in a thriving community setting.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +12.2% above area average per sq ft

+12.2%
This Property
£284/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£303,821
10% above area average per sq ft
Potential ROI
-13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 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

Fosse Road North, Leicester
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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
£1,136
Based on a loan of £232,500 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