Merrin Court, Loughborough LE11 5 bed block of apartments for sale

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Merrin Court, Loughborough LE11 5 bed block of apartments for sale

Merrin Court, Loughborough LE11
£410,000

Price History

Initial price £460,000
21/12/24 £455,000
28/12/24 £450,000
03/01/25 £445,000
11/01/25 £440,000
17/01/25 £435,000
01/02/25 £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
29/05/25 £410,000
Price Change -10.87%

Description

This multi-unit property, located in Loughborough's cultural quarter, consists of four former stable buildings from the historic Windmill Inn. The properties are leasehold, with a remaining lease term of 91 years, and include a 1/5 freehold share. The units are currently generating a steady income, with tenants in place for 14 years, and have potential for freehold enfranchisement under new legislation. The properties offer a mix of one, two, and three-bedroom units, with original features such as Tudor footings and flying freeholds. The annual gross income is £37,200, which could be increased to £38,400 with long-term tenants in place. This property presents a worthwhile investment opportunity for those looking to add to their portfolio.