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See how verdicts work7-bedroom house · LE3 6HQ
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a substantial Edwardian residence with annexe and development potential in one of Leicester’s most sought-after locations.
Occupying a prominent position on Western Park Road, directly opposite the picturesque Western Park, this impressive and characterful home-historically known as “The Firs” -offers a unique blend of period elegance, versatile living accommodation, and exciting future potential.
Dating back to the early 20th century, with origins recorded as early as 1910–1915, the property retains a wealth of architectural charm while benefiting from thoughtful modernisation over the years.
The principal five-bedroom home is an attractive double-fronted property, showcasing classic Edwardian design with striking red brickwork, decorative stone detailing, and an elegant arched central entrance.
Symmetry and proportion are key features, with large bay-style windows allowing natural light to flood the interior.
Inside, the accommodation is both generous and well-balanced, comprising: A welcoming central hallway with staircase rising to the first floor Three spacious reception rooms, each offering excellent proportions and period features including fireplaces and large windows A well-appointed kitchen leading through to a formal dining room-ideal for both everyday living and entertaining Additional ground floor spaces offering flexibility for modern family life Upstairs, the property provides five well-sized bedrooms, including a principal bedroom with en-suite, a second double bedroom, also with en-sutite alongside a family bathroom and additional WC.
The layout lends itself perfectly to growing families, with good separation between bedrooms and ample natural light throughout.
Over the years, the house has been sympathetically improved, including updated bathrooms, en-suite additions, a rewiring programme, and central heating upgrades -ensuring comfort while preserving its original charm.
A standout feature of this property is the separate two-bedroom annexe , offering exceptional versatility.
With its own reception space, kitchen, and bathroom facilities, it is ideal for: Multi-generational living Guest accommodation Home office or studio space Potential rental income Externally, the property enjoys a generous plot with mature boundaries, a well-kept frontage, and a pleasant garden area.
Its position opposite Western Park provides attractive open views and a sense of space rarely found so close to the city.
A particular highlight of the garden is a historic Cold War bunker, originally constructed in the 1980s and designed to house up to eight people with an air filtration system (not operational).
This could be suitable for a variety of uses including a wine store or gymnasium!
Adding further appeal, the property benefits from outline planning permission for the construction of a substantial three-bedroom detached dwelling within the garden (Leicester City Council reference: 20251005) presenting a valuable opportunity for developers seeking a prime residential project or buyers looking to create an additional family home.
Western Park is one of Leicester’s most desirable residential areas, known for its leafy surroundings, strong community feel, and proximity to the city centre.
Excellent local schooling, transport links, and amenities are all within easy reach, while the park itself offers extensive green space for recreation.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 1 Western Park Road, Leicester
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