499, Saffron Lane, LEICESTER, Leicestershire, LE2 6UQ

Lot 211 · LE2 6UQ · Barnard Marcus · East Midlands

£405,000guide price
CommercialGuide cut £25,000
499, Saffron Lane, LEICESTER, Leicestershire, LE2 6UQ
Photo: Barnard Marcus catalogue

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Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

Guide cut

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Freehold listed

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About this lot

Substantial freehold former Saffron neighbourhood housing office, Development opportunity, Full Vacant Possession

:A substantial freehold two-storey former Neighbourhood Area Housing Office extending to approximately 10,936 sq ft (1,016 sq m). The property benefits from planning permission for the conversion of the ground floor into three separate retail units (Class E use), whilst the first floor provides office/storage accommodation with kitchen and bathroom facilities. The property offers significant asset management, investment and development potential subject to any further consents required.Accommodation:Ground Floor: Former offices, reception, sales/storage areas, meeting rooms, kitchen facilities, WC accommodation and ancillary space.GIA: Approximately 508 sq m (5,468 sq ft)First Floor: Offices, storage rooms, kitchens, bathrooms and ancillary accommodation.GIA: Approximately 508 sq m (5,468 sq ft)Gross Internal Area:Approximately 1,016 sq m (10,936 sq ft)Outside: Forecourt, servicing areas and surrounding site land.EPC Rating: TBCTenure: Freehold.Potential:The property may be suitable for a variety of uses including retail, office, medical, community, storage, trade counter, mixed-use investment or further residential redevelopment, subject to obtaining all necessary planning permissions and consents. Prospective purchasers must rely on their own enquiries in this respect.Planning:Planning permission was granted by Leicester City Council on 13 January 2026 under planning applicat…

From the Barnard Marcus listing. Read the full listing and legal pack →

Guide price history

We snapshot every lot weekly. A falling guide usually means the seller wants it gone; a rising one means interest.

24 Aug 2026£430,000
7 Sept 2026£405,000 £25,000

Key facts

211Lot number
CommercialUse class
FreeholdTenure
10,936 sq ftFloor area
10 September 2026Auction date

Recent sold prices nearby

3 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

13 BU***** RO**LE2 6QE£228,000
7 BL***** DR***LE2 6TZ£243,000
114 HE***** RO**LE2 6DE£220,000

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in LE2

Evidence from 621 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+58.7%median uplift
£48,000typical value added
4.6 yearstypical hold period

See 621 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 621 registered sale pairs in LE2 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

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