Summary - Mansion Street, Hinckley, Leicestershire, LE10 0AU LE10 0AU
8 bed 1 bath Block of Apartments
Shell ready for internal first-fix with completed rear extension and new roof.
Planning permission for six apartments (4 x 1-bed, 2 x 2-bed)
A prominent former public house on a corner plot in Hinckley town centre, offered with planning permission to convert into six flats (4 x one-bed, 2 x two-bed) across four storeys. The building has been externally refurbished with a new roof, re-rendered façade and UPVC windows; the rear extension is complete. Internally the property is a construction shell ready for first-fix works, allowing a buyer to control finishes and fit-out.
This is a straightforward acquisition for an investor or developer targeting the local PRS or buy-to-let market. The central location sits within walking distance of shops, bus links and the train station, supporting rapid lettings. The modest street-level footprint and vertical layout suit compact apartment designs, and the granted planning removes a major upfront risk.
Buyers should note material drawbacks: the building requires internal completion works throughout and currently has only one bathroom recorded from its former use, so full services installation will be required. The area records very high crime and is marked as deprived, which will influence rental yield, tenant profile and management needs. There appears to be no private outdoor space or garden.
Priced at £500,000 freehold, this is a value-driven project for someone prepared to manage renovation, tenant screening and ongoing site security. The shell condition and approved plans give clear scope to add value, but budget carefully for fit-out, services, potential abnormal costs and ongoing management in a town-centre, higher-crime location.
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