Summary - 83 LONDON ROAD LEICESTER LE2 0PF
7 bed 5 bath Commercial Property
Freehold mixed-use period building with parking and strong redevelopment potential..
- Freehold four-storey period building plus basement, circa 2,026 sqft
- Ground-floor commercial unit with large shopfront windows
- Seven bedrooms and multiple bathrooms across upper floors
- Four rear off-street parking spaces — rare central asset
- Requires renovation throughout; many single-glazed windows
- Conversion to flats/HMO possible subject to planning permission (stpp)
- Located close to city centre and train station, strong transport links
- Area classified very deprived with above-average crime rates
A four-storey Victorian mid-terrace on London Road offering significant development potential in a central, well-connected location. The freehold building includes basement, ground-floor commercial space and multiple upper-floor rooms across circa 2,026 sq ft — practical for conversion to flats or an HMO (subject to planning).
The property’s main strengths are its prominent high‑street presence, short walk to the city centre and train station, and four rear off-street parking spaces — a rare convenience for central Leicester. Internal room sizes are generous and the layout already supports mixed commercial/residential use, giving flexibility for an investor or developer to reconfigure.
Important considerations: the building requires upgrading and renovation throughout, with many single-glazed windows and parts described as in need of work. The immediate area is classified as very deprived with above-average crime statistics; that context affects lettings and management strategy. Any change of use (to flats or HMO) will need planning permission and appropriate compliance works.
This is best suited to an experienced investor or developer who can manage refurbishment and local lettings. With central transport links, parking and freehold ownership, the property is a solid redevelopment canvas — but budget realistically for upgrade costs, security measures and professional fees before conversion.
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