Block of flats

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Block of flats

Merrin Court, Loughborough LE11
£405,000

Price History

Initial price £460,000
21/12/24 £455,000
28/12/24 £450,000
03/01/25 £445,000
10/01/25 £440,000
17/01/25 £435,000
31/01/25 £430,000
01/03/25 £425,000
13/03/25 £420,000
14/03/25 £460,000
20/03/25 £450,000
27/03/25 £445,000
04/04/25 £415,000
11/04/25 £410,000
18/04/25 £405,000
Price Change -11.96%

Description

This multi-unit property, located in Loughborough's cultural quarter, consists of four former stable buildings from the historic Windmill Inn, built around 1650. The properties are leasehold, with varying lease lengths, but offer potential for freehold enfranchisement. The current tenants, who have been in place for several years, generate steady rental returns, with the potential to increase income to market rates. The properties are conveniently situated near the town center, bus stops, and transport links to the train station and Loughborough University. The investment opportunity offers a worthwhile addition to an investor's portfolio, with an annual gross income of £37,200 and potential for growth.