Summary - 346 WESTERN ROAD LEICESTER LE3 0ED
4 bed 1 bath Terraced
Large workshop and garage; strong rental prospects near university and city centre.
Victorian mid-terrace with four bedrooms and one bathroom
A four-bedroom Victorian mid-terrace with a large workshop and garage, offered freehold at auction. The property sits in a busy, cosmopolitan area close to De Montfort University and the city centre, making it suitable for buy-to-let investors, developers seeking conversion potential, or owner-occupiers prepared to renovate.
Internally the house is basic and dated: a small kitchen, single bathroom, standard ceiling heights and an EPC rating of D. The building appears to have original solid brick walls with no added cavity insulation (assumed), double glazing fitted before 2002 and a mains gas boiler with radiators. The large workshop (approximately 927 sq ft) plus first-floor store adds usable space but will require repair and updating.
Planning potential exists to convert into self-contained flats, subject to local authority consent—this could increase rental yield or resale value but needs formal approval. The sale will be by auction (5th November 2025) with a completion deadline of 23rd January 2026; an additional seller-administered charge of 1% + VAT will be collected on completion. Buyers should factor renovation costs, potential planning fees, and the auction timetable into affordability calculations.
Overall this is a value-led opportunity for investors or hands-on buyers who can accept a property in need of updating, manage refurbishment works, and navigate planning for conversion if desired. Its location near universities, hospitals and transport links supports steady rental demand once repaired and modernised.
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