Summary - 3 GRANGE STREET LOUGHBOROUGH LE11 1QG
2 bed 1 bath Terraced
Practical central terrace close to university, station and shops ideal for investors.
- Bay-fronted Victorian mid-terrace with two large double bedrooms
- Two separate reception rooms and compact kitchen to the rear
- Offered freehold with no upward chain; currently let at £680pcm
- Small, low-maintenance paved rear garden; on-street permit parking
- Area under Article 4 and selective/additional HMO licensing; no C4 consent
- High flood risk for postcode; potential insurance/mitigation costs
- Solid brick walls likely without cavity insulation; may need modernisation
- Local crime levels recorded as high; urban town-centre location
A bay-fronted Victorian mid-terrace positioned within easy walking distance of Loughborough town centre, train station and the university. The house offers two large double bedrooms, two reception rooms and a low-maintenance paved rear garden — practical for tenants or a small family. Gas central heating and UPVC double glazing are already in place, and the property is offered freehold with no upward chain.
This is a clear opportunity for buy-to-let or a first-time buyer wanting central convenience. The property is currently let on a rolling contract at £680pcm (approx. £8,160pa), which equates to a gross yield of around 4.1% at the asking price. The layout and room sizes are true to the era, with a spacious bay-fronted principal room and a large first-floor landing.
Buyers should note several material considerations: the area is covered by Article 4 and selective/additional HMO licensing, and the house does not have planning consent for C4 use. There is a high flood risk for this postcode and local crime levels are high. The walls are original solid brick (likely no cavity insulation) and the property will benefit from updating and possible insulation improvements to reduce running costs.
Overall this is a compact, characterful town-centre terrace with straightforward management and rental potential, but it suits purchasers comfortable with the licensing restrictions, urban setting and the need for possible modernisation or flood-risk mitigation.
2 bedroom terraced house for sale in Charles Street, Loughborough, LE11 — £185,000 • 2 bed • 1 bath • 846 ft²
3 bedroom terraced house for sale in Bishop Street, Loughborough, LE11 — £170,000 • 3 bed • 1 bath • 760 ft²
2 bedroom terraced house for sale in Edward Street, Loughborough, LE11 — £200,000 • 2 bed • 2 bath • 904 ft²
3 bedroom terraced house for sale in George Street, Loughborough, LE11 — £199,950 • 3 bed • 1 bath • 882 ft²
2 bedroom end of terrace house for sale in Edward Street, Loughborough, Leicestershire, LE11 — £170,000 • 2 bed • 1 bath • 839 ft²
3 bedroom terraced house for sale in Station Street, Loughborough, LE11 5ED, LE11 — £204,950 • 3 bed • 1 bath • 872 ft²
