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Merrin Court, Loughborough LE11 5 bed block of apartments for sale
Merrin Court, Loughborough LE11
£410,000
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.