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Hinckley Road, Leicester, LE3 - Image 1
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Hinckley Road, Leicester, LE3

East Midlands

£240,000Guide Price

Listed on 17/09/2026

The listing

Property details

Bedrooms
N/A
Type
Commercial Property

Description

Offered at auction, this freehold property occupies a prominent position in Leicester’s Westcotes area, around a mile from the city centre. The substantial Victorian building is arranged over four levels and provides approximately 2,759 sq ft of accommodation. It was originally built for residential use, later converted for educational purposes, and most recently operated as an adult learning centre. Vacant possession is available. The existing layout includes a reception area, offices, larger training and classroom rooms, kitchen facilities, WCs and storage. A rear extension was added in the late 1980s. The building retains a traditional frontage with a double-height bay window, and has secondary access from Norfolk Street. There is a small front forecourt and a limited rear area, but no dedicated on-site parking. The property is understood to fall within Use Class F1(a) and is in the West End Conservation Area, which is subject to an Article 4 Direction. Its former residential use and scale may be relevant to purchasers considering a different use or redevelopment, but any proposal would require investigation of planning and other statutory requirements. The online auction legal pack and special conditions should be reviewed, and buyers are responsible for their own legal and financial enquiries before bidding.

WHOTS analysis

Our WHOTS verdict

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

76out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £240,000, this substantial Victorian property is offered at about £87 per sq ft, well below the local average of £257 per sq ft. That makes the asking price a clear acquisition opportunity. It is being sold by online auction, so bidding can take the hammer above the guide and the eventual price may not stay this cheap.

The building has a traditional-looking frontage and generous space across four levels, but its former educational use shows in the dated commercial finishes and institutional layout. For a buyer prepared to take on a medium-scale refurbishment, there is scope to refresh the interiors and explore a more suitable layout. Its former residential use may also be relevant to a future conversion, subject to feasibility and the necessary consents.

Key opportunities

  • Acquire substantial space at a notably low asking price per square foot compared with the local average.
  • Refresh the dated finishes and rework the multi-room educational layout to better suit a future use.
  • The former residential use and four-level Victorian building may offer conversion potential, subject to feasibility and required consents.

Key risks

None recorded.

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Map

Location

Hinckley Road, Leicester, LE3
Loading map...

Transport

Nearest stations

  • Leicester Rail Station

    1.1 miles

    Train · Leicester

  • South Wigston Rail Station

    3.5 miles

    Train · South Wigston

  • Narborough Rail Station

    4.7 miles

    Train · Narborough

  • Syston Rail Station

    5.2 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 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£981
Based on a loan of £180,000 over 30 years at 5.13% 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

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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

Pricing

Price history

-4.0% since listed
£240,000£10,000(-4.0%)
30/09/2026
Current price
£250,000Initial listing
16/09/2026

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