Summary - 24a, Sherrard Street LE13 1XJ
1 bed 1 bath Retail Property (high street)
Town-centre investment with live/work potential and scope to add value.
Ground-floor retail plus separate two-storey, two-bedroom flat above
Circa 935 sq ft over multiple floors with enclosed rear yard
Two brick outbuildings at rear; one contains a toilet
Potential gross income c. £16,000 per annum (guide)
Offered freehold and chain-free; suited to investor or owner-occupier
Requires renovation and electrical work; scope to enhance layout
Solid brick walls likely without insulation; energy ratings C and E
Located in a deprived area with very high local crime rates
This substantial end-terrace property sits on Melton Mowbray’s busy high street, offering a ground-floor retail unit and a separate two-storey, two-bedroom flat above. The building extends to around 935 sq ft across multiple floors, includes a fully enclosed rear yard and two brick outbuildings (one with a toilet). It is offered freehold and chain-free, making it suitable for an investor seeking rental income or an owner-occupier wanting a live/work solution.
The property presents immediate income potential — marketing suggests a gross income in the region of £16,000 per annum — and scope for enhancement through refurbishment or reconfiguration (single dwelling or two lettable units). The building retains period brick character and large shopfront glazing that suit retail or alternative commercial uses, subject to necessary consents.
Buyers should note the building needs some renovation and electrical work; the property is in an area classified as deprived with very high local crime levels. Energy ratings vary between E and C for different parts of the building, and the walls are likely solid brick with no insulation (as constructed). These factors affect ongoing running costs and may require investment to improve standards and appeal.
Overall, this is a value-driven town-centre building with good transport links and local amenities, ideal for investors targeting rental yield or small business owners seeking premises with living accommodation above. Budget to address maintenance, services and possible reconfiguration to unlock full potential.
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