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Swan Street, Sileby

East Midlands

£225,000
Listed on 11/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This distinctive property, originally constructed in 1931 as a Methodist Church, has a rich history and offers significant renovation potential. Spanning approximately 2,896 square feet across two floors, the building features an array of adaptable spaces that previously served educational purposes. The layout includes various reception rooms, classrooms, offices, a kitchen, restrooms, and storage areas. Notable architectural elements such as stone mullion windows and exposed timber beams provide a glimpse of its historical charm. The property's exterior includes courtyards at both the front and side, presenting opportunities for outdoor enhancements or landscaping projects. The current owners have secured planning permission to convert the structure into four spacious residential apartments—three with two bedrooms and one with one bedroom—making it an appealing investment for those looking to capitalize on the growing demand for rental properties in the area. Located on Swan Street in Sileby, this site benefits from a convenient position near local amenities including shops, restaurants, and Sileby Railway Station. The area is well-connected with frequent bus services to Leicester City Centre and surrounding regions. With its unique character and flexible design options, this property presents an excellent opportunity for investors or individuals interested in undertaking a renovation project. Planning approval is in place (application number P/23/1924/2) for conversion from its current educational use to residential units, allowing for further development options subject to obtaining necessary consents. This freehold property is ready for its next chapter amidst Sileby's vibrant community.

Investment Analysis

(LE12 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.9%

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
72
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE12)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on LE12 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

Swan Street, Sileby
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 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