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Guthlaxton Street, Leicester, LE2

East Midlands

£120,000

Listed on 06/10/2025

Property details

Bedrooms
N/A
Type
Commercial Property

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.

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Location

Guthlaxton Street, Leicester, LE2
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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
£453
Based on a loan of £90,000 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-20.0% since listed
£120,000£15,000(-11.1%)
01/08/2026
Current price
£135,000£5,000(-3.6%)
06/06/2026
£140,000£5,000(-3.4%)
14/03/2026
£145,000£5,000(-3.3%)
12/12/2025
£150,000Initial listing
05/10/2025

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