Albert Street, Loughborough
East Midlands
£120,000Guide Price
Listed on 08/10/2026
Listed on 08/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
776 sqftFeatures
- Garden
- Parking
Description
Offered at auction, this freehold two-bedroom terraced house is close to Loughborough town centre, the railway station and the university. The accommodation is arranged over two floors and includes a lounge, kitchen/diner, separate breakfast room and ground-floor bathroom, with two bedrooms upstairs. A cellar provides additional storage.
The property is vacant and described as dated but habitable, with scope for modernisation. Outside, there is a rear courtyard garden with a store, and on-street parking is available. The listing notes dampness in the cellar and advises prospective buyers to investigate the condition and any required work. Mains water, drainage, heating and electricity are understood to be connected, though the services have not been tested.
The sale is by traditional, unconditional auction, subject to the auction terms and legal pack. The listing gives an anticipated rent of around £900 per calendar month after refurbishment; this is an estimate and does not account for refurbishment, management, maintenance or other costs. Buyers should review the legal pack and auction fees before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
77out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £120,000, this two-bedroom terrace is priced well below the local average per square foot, making the asking price a clear opportunity to acquire a town-centre project. The photographed rooms are usable, with older finishes across the living spaces and bedrooms, so the £5,000–£13,000 renovation range points to a light modernisation rather than a full overhaul. The enclosed courtyard is a useful extra, and Loughborough town centre, the station and the university are all within reach.
The main point to investigate is the cellar dampness mentioned in the listing; services are also stated to be untested. Overall, though, the low entry price, rental location and scope to refresh the interiors make this a good opportunity for someone seeking a manageable improvement project.
Key opportunities
- Acquire at an asking price substantially below the local average per square foot.
- Refresh the older finishes across the living areas and bedrooms, with flooring replacement among the straightforward improvements.
- Make use of the enclosed courtyard and the town-centre location close to the station and university.
Key risks
- Cellar dampness is stated in the listing; investigate its extent and any required work.
- Services are stated to be untested.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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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.
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