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Guthlaxton Street, Leicester

East Midlands

£145,000
Listed on 06/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This detached building presents a unique opportunity for those looking to invest in a property with potential for redevelopment, subject to the necessary planning permissions (STPP). Located on Guthlaxton Street in Leicester, the site is strategically positioned, making it appealing for various commercial uses or transformation into residential units. Accessed through a secure metal gate leading to a block-paved yard, the property features both ground and first floors that can be easily modified to suit future needs. The ground floor comprises an expansive workshop area measuring approximately 11.33m x 4.25m. This space benefits from ample natural light thanks to multiple windows and includes essential amenities such as a stainless steel sink and additional storage beneath the stairs. The first floor extends the property's versatility with another workshop area of around 9.92m x 4.31m, complete with multiple windows and a roof light that enhances its usability during daylight hours. Additionally, there’s a separate room measuring approximately 2.19m x 3.60m, which can serve as office space or extra storage, along with a conveniently located WC. Outside, the block-paved yard is accompanied by an outdoor storage shed, and access from Guthlaxton Street ensures ease of entry for both pedestrians and vehicles. The current layout allows for many possibilities, whether one intends to refurbish the existing structure or pursue a more substantial redevelopment project. In summary, this property stands out in central Leicester as it offers significant scope for improvement and expansion while being guided by flexible zoning opportunities for commercial or residential use (STPP). The lack of onward chain streamlines the acquisition process, making it an ideal choice for investors seeking to capitalize on its inherent potential.

Investment Analysis

(LE2 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 1.6%
5 year growth: 18.2%
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

Guthlaxton Street, Leicester
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£531
Based on a loan of £108,750 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