8-bedroom flat · LE2 6UG
For saleListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
KCR Real Estate presents this substantial two-storey commercial property on Saffron Lane, Leicester, offering an excellent development opportunity for investors, developers and owner-occupiers.
The property extends to approximately **10,936 sq ft (1,016 sq m)** across two floors and occupies a substantial site.
Previously used as a neighbourhood housing office, the premises provides a versatile layout with extensive open-plan space on the ground floor, together with offices, storage rooms, kitchens and bathrooms on the first floor.
**Planning permission has been granted** for external alterations, including the installation of two front windows and three front doors, facilitating the subdivision of the building into **three separate Class E retail/commercial units with office and storage accommodation above**.
There is also potential for alternative uses, subject to the necessary planning consents.
Situated close to the junction of **Gedge Way and Burgess Road**, the property benefits from a prominent and accessible location, with Aylestone Leisure Centre, Saffron Health Practice and the Pork Pie Roundabout all nearby.
The freehold property is offered with significant potential to create multiple commercial units and is an opportunity well suited to developers looking for a sizeable property with existing planning consent and scope for further development.
Contact KCR Real Estate today to arrange a viewing and discuss the development potential of this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Saffron Lane, Leicester, Leicester City
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