Summary - 201a, Derby Road LE11 5HJ
2 bed 2 bath House
Approved planning for a third flat boosts rental yield and growth potential.
Six-bedroom potential via planning consent for third apartment
A rare small freehold investment in Loughborough, currently configured as two self-contained flats with planning consent granted for a third apartment (Charnwood P/23/0321/2). The property is tenanted and producing an advertised combined income of about £15,000–£17,400pa depending on upcoming rent increases — immediate cashflow for an investor used to short assured tenancies.
The building is an end-terrace, solid-brick house (pre-1900) with double glazing and gas central heating. There are clear practical upsides: planning permission to add a second-floor unit, existing rental agreements in place, and a very low council tax band. The plot is small and the overall internal size is modest (approximately 560 sq ft).
Material considerations are stated plainly: the area records higher crime levels and the property sits in a medium flood-risk zone. The walls are original solid brick with no apparent cavity insulation, so energy improvements may be required. Tenants are in situ, and some fixtures and services have not been independently tested — a buyer should commission surveys and verify rental documentation and service records.
For an investor seeking a hands-on, short-term refurbishment and lift in yield, this property offers a clear route to added income via the approved third flat. For owner-occupiers seeking quiet neighbourhood attributes and large gardens, the small plot, urban setting and current multi-occupancy use may be limiting.
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