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Allandale Road, Leicester, Leicestershire, LE2 - Image 1
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Allandale Road, Leicester, Leicestershire, LE2

East Midlands

£375,000
Listed on 28/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1916 sqft

Description

This retail space is situated in the vibrant Stoneygate area of Leicester, well-known for its eclectic mix of independent shops and professional services. The property features an impressive shop front with expansive display windows, ensuring high visibility for any business. The spacious ground floor layout facilitates flexible use, making it suitable for a variety of retail concepts or showrooms. In addition, the practical storeroom at the rear and the basement area further enhance its commercial appeal, providing valuable additional space for storage or display. The upper floor currently accommodates staff amenities including a kitchenette and washroom, but it holds significant potential for conversion into residential units (subject to obtaining planning consent), which could greatly increase the property's value and utility for investors. Having housed a successful business for over four decades, this location demonstrates strong market demand. With changes on the horizon due to owner retirement, there exists a unique opportunity to acquire a well-established retail unit in this desirable retail zone while exploring options for renovation and enhanced utility.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£196/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£588,863
10% above area average per sq ft
Potential ROI
+35.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on LE2 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

Allandale Road, Leicester, Leicestershire, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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