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297 Uppingham Road, LE5 4DG
£280,000 Offers over
Bedrooms
Bathrooms
Reception
Property Description
Situated in the sought-after area of Leicester, this unique mixed-use property on Quorn Road presents an excellent opportunity for both residential and commercial purposes. With a total area of approximately 91.5 sq. metres (984.8 sq. feet), this two-bedroom mid-terraced home features an operating salon on the ground floor, making it ideal for business owners or investors.
Navigating Through the Property
Upon entering thesalon, you step into a well-lit and spaciousretail/business areathat spans nearly8.5m in length, providing ample room for workstations and client seating. This space features afront-facing shop window, offering visibility from the street.
At the rear of the salon, a door leads into aprivate kitchen area, which could serve as a breakroom for staff or be used for residential purposes. Beyond this is asmall WCfor convenience. A staircase within the property leads to the first floor, where theresidential accommodation begins.
The first floor contains akitchen and bathroom, positioned towards the rear. Moving forward, the landing leads totwo well-sized bedrooms, withBedroom 1 located at the front of the house, benefiting fromnatural lightthrough a large window.Bedroom 2, slightly smaller, is positioned towards the centre of the property.
Ground Floor
The front section of the property is a fully operational salon named 1 Image, spanning 8.48m x 3.04m (2710 x 10). This versatile retail space is currently set up for hair and beauty services but could be adapted to suit various business needs.
To the rear of the ground floor is akitchen (6.43m x 2.09m / 211 x 610) with fitted units, worktop space, and direct access to the rear.
A convenient WC is also located at the back of the ground floor.
First Floor
A second kitchen (2.16m x 2.15m / 71 x 71) offers additional preparation space, making the upstairs ideal for independent living.
A bathroom (2.16m x 1.99m / 71 x 66) is situated next to the kitchen, equipped with essential fixtures.
Bedroom 1, the larger of the two, measures 3.84m x 3.98m (127 x 131), offering a spacious and comfortable setting.
Bedroom 2, measuring 3.53m x 3.10m (117 x 102), is perfect as a second bedroom or home office space.
Location & Amenities
Located in a bustling part of Leicester, this property benefits from strong foot traffic, making it an ideal location for a business. There are excellent transport links, local shops, and amenities nearby, including schools, parks, and supermarkets, making it a desirable area for both commercial and residential purposes.
Arrange a Viewing
To book a viewing or for more information, please contact Kings Real Estate
0116 352 7012
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
297 Uppingham Road, LE5 4DG
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