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Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 1
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 2
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 3
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 4
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 5
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 6
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 7
Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ - Image 8

Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ

East Midlands

£550,000Guide Price

Listed on 05/07/2026

Property details

Bedrooms
N/A
Type
Commercial Development

Description

This substantial two-storey property, previously a neighbourhood housing office, spans approximately 10,936 sqft and offers significant redevelopment potential. Located strategically near the bustling junction of Gedge Way and Burgess Road, the site is in close proximity to local amenities like Saffron Health Practice and Aylestone Leisure Centre. The recently granted planning permission allows for external modifications including the addition of two windows and three doors at the front, paving the way for transforming this property into three separate retail or commercial units with office and storage space above. This flexibility opens up various possibilities such as a restaurant, fitness studio, or nursery—ideal for investors looking to capitalize on a changing market landscape. With a total gross internal area (GIA) of 10,936 sqft (1,016 sqm), this property represents an exciting opportunity for alternative uses under Class E provisions. The freehold tenure provides an advantageous position for future developments in a growing area.

Investment analysis

(LE2 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
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
9%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.7%
5 year growth: +8.7%
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

Former Saffron Housing Neighbourhood Office, 499 Saffron Lane, Leicester, LE2 6UJ
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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
£2,078
Based on a loan of £412,500 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.

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