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Leicester Road, Hinckley

East Midlands

£425,000

Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached

Description

This sizable Victorian detached property in the center of Hinckley presents a rare opportunity for both developers and investors keen on transformative projects. With existing planning permission to convert the premises into four self-contained apartments, it holds significant potential for those looking to capitalize on the residential market. Currently functioning as commercial office space, the property benefits from a change-of-use permit to residential. It features a large rear car park and a spacious garden area that could further enhance its value through extension or additional amenities. The property retains many original architectural details and is equipped with gas central heating and double glazing, ensuring comfort during any refurbishment process. Given its vacant possession status and strategic location within walking distance to local shops, amenities, and transport links, this property is ideal for attracting future tenants or buyers. Furthermore, it offers flexibility as it can be reverted back into a single family residence if desired, catering to various investment strategies.

Investment Analysis

(LE10 area)
Area Average
£277/sq ft
Avg Rent (weekly)
£226
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
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
12%
Properties sold annually

Local Market Trend (LE10)

Area prices are falling by -2.3% over the last 12 months
3 year growth: +0.7%
5 year growth: +14.0%
Investment Disclaimer: Analysis based on LE10 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

Leicester Road, Hinckley
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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
£1,606
Based on a loan of £318,750 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

Price History

+9.0% since listed
£425,000+£35,000(+9.0%)
20/03/2026
Current price
£390,000Initial listing
01/01/2026

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