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Saffron Lane, Leicester, Leicester City - Image 1
Saffron Lane, Leicester, Leicester City - Image 2

Saffron Lane, Leicester, Leicester City

East Midlands

£625,000

Listed on 29/08/2026

The listing

Property details

Bedrooms
8
Type
Block Of Apartments

Description

KCR Real Estate is marketing this freehold, two-storey commercial property on Saffron Lane, extending to approximately 10,936 sq ft across a substantial site. Formerly used as a neighbourhood housing office, it has extensive open-plan accommodation at ground level, with offices, storage rooms, kitchens and bathrooms on the first floor. The listing states that planning permission has been granted for external alterations, including two front windows and three front doors, to enable subdivision into three Class E retail or commercial units with office and storage space above. Other uses may be possible subject to the required consents. The property is close to the junction of Gedge Way and Burgess Road, with Aylestone Leisure Centre, Saffron Health Practice and the Pork Pie Roundabout nearby. It is presented as a development opportunity for buyers considering the consented commercial subdivision or another use, subject to verification of the planning position and feasibility.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

57out of 100
Grade DWeak opportunity

Confidence: LOW

At £625,000, this substantial freehold is priced at around £57 per sq ft, well below the local average of £282 per sq ft—a strong acquisition-value signal. The listing also states that planning permission has been granted for external alterations to create three Class E units, with office and storage accommodation above, giving the project a clear commercial repositioning angle. Bids can go above the guide at auction, but this is a private treaty listing, not an auction.

The frontage and entrance look dated, while the available photo does not show the interior, so the work required is hard to judge. The overall WHOTS grade is D: the low price and stated consent are attractive, but the score is held back by limited renovation-economics data and elevated risk. Verify the consent and approved plans, and assess the building in person.

Key opportunities

  • Acquire a substantial freehold at a low asking price per square foot compared with the local average.
  • Pursue the stated consent for three Class E units, with office and storage accommodation above.
  • Refresh the dated frontage and worn entrance as part of improving the property's presentation.

Key risks

  • Elevated overall risk: verify the planning consent, approved plans and feasibility of delivering the proposed subdivision.
  • Interior condition and required works are difficult to assess from the available exterior photograph.

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Map

Location

Saffron Lane, Leicester, Leicester City
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Transport

Nearest stations

  • South Wigston Rail Station

    1.4 miles

    Train · South Wigston

  • Leicester Rail Station

    2.1 miles

    Train · Leicester

  • Narborough Rail Station

    3.4 miles

    Train · Narborough

  • Syston Rail Station

    6.8 miles

    Train · Syston

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,361
Based on a loan of £468,750 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.

Tax

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