Block of flats

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Block of flats

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
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
29/05/25 £410,000
Price Change -10.87%

Description

This multi-unit property, located in Loughborough's cultural quarter, comprises four leasehold apartments and a studio flat, all situated within a five-minute walk of the town center. The properties, formerly stable buildings from the historic Windmill Inn, offer a unique blend of original Tudor features and modern amenities. The apartments are currently generating a steady income, with tenants in place for several years, and offer potential for future growth through freehold enfranchisement and conversion or subdivision. The property's investment potential is strong, with an annual gross income of £37,200, which could increase to £38,400 with market-rate rents. With its central location, historic charm, and rental income, this property presents a valuable addition to any investor's portfolio.