Description
Welcome to the these two Abbey Lane Investment Property units.his is a rare opportunity to acquire two adjoining, high-yield investment properties in Leicester’s sought-after LE4 area. The properties are for sale by auction on 24th June 2026 with a guide price of £400,000+, offering exceptional flexibility for investors, families, and developers alike.
Introduction: Dual Leicester Investment Property Auction
Welcome to the dual Leicester investment property auction for 282 & 282A Abbey Lane, LE4 2AA. This unique opportunity offers two adjoining properties on a single title, available for sale by auction on 24th June 2026 with a guide price of £400,000 plus. Whether you are a property investor seeking robust rental yields, a family looking for a spacious home, or a developer searching for flexible options, this dual Leicester investment property auction delivers unmatched potential. The properties are located in the thriving Abbey Lane area, renowned for its strong rental demand, excellent amenities, and superb transport links. With a proven lettings record since 2015, recent refurbishments, and the ability to split or combine the dwellings, this is a must-see lot in the current auction catalogue.Property Overview – Dual Leicester Investment Property Auction
The dual Leicester investment property auction features two adjoining homes, 282 and 282A Abbey Lane, Leicester, LE4 2AA. Both properties sit on a single freehold title and share one utility connection, making them easy to split into two separate dwellings if desired. Since 2015, they have been registered as two units with Leicester City Council for council tax purposes, offering flexibility for investors and families. Each property is configured with its own kitchen, shower room, staircase, and two entrances, providing privacy and independence for occupants. 282A boasts a front door entrance via the driveway, while 282 is a two-storey side extension with its own entrance through the alleyway. This dual Leicester investment property auction lot is ideal for those seeking versatility and long-term value.Flexible Living and Investment Potential
This dual Leicester investment property auction lot is currently let room-by-room to four different lodgers, all on weekly notice agreements. The current total rental income is £2,022 per month (including bills), with the landlord occupying one room upstairs and one sitting room downstairs. When fully let, including the front sitting room, the gross rental income could reach £3,222 per month (including bills). Alternatively, high street letting agents have valued each house at £1,100 per month for single-family lets (tenants pay all bills), giving a combined net rental income of £2,200 per month. This flexibility makes the property attractive to both investors seeking high yields and families desiring a spacious, adaptable home.Recent Refurbishments and Modern Features
The dual Leicester investment property auction lot has benefited from recent upgrades, including a newly refitted kitchen and shower room. The properties are well-maintained, with modern fixtures and fittings throughout. The driveway accommodates up to three cars, and the large 60x25 foot garden offers ample outdoor space for relaxation or further development. With four separate entrances, two kitchens, two shower rooms, and two staircases, the layout supports both multi-let and single-family configurations. This attention to detail ensures the property is ready for immediate occupation or continued letting, maximizing returns for the successful bidder.Prime Location – Abbey Lane, Leicester LE4
Situated in the heart of Abbey Lane, this dual Leicester investment property auction lot enjoys a prime location in one of Leicester’s most desirable residential areas. Abbey Lane is renowned for its vibrant community, excellent local amenities, and strong rental demand. The area is popular with both families and professionals, ensuring consistent occupancy and long-term capital growth. The properties are within easy reach of major supermarkets, fast food outlets, schools, and transport links, making them highly attractive to a wide range of buyers and tenants.Outstanding Local Amenities and Shopping
Residents of 282 & 282A Abbey Lane benefit from exceptional local amenities. The Asda Leicester Abbey Lane Superstore is just under a mile away, offering a full range of groceries, pharmacy, and café facilities. Aldi on Humphreys Way is only 0.7 miles from the property, providing affordable shopping options. For quick meals and snacks, Greggs at 285 Abbey Lane is a mere 0.1 miles away, while the 24/7 McDonald’s at Red Hill Circle is just 0.2 miles from the doorstep. These amenities ensure convenience for both families and tenants, enhancing the appeal of this dual Leicester investment property auction lot.Excellent Schools Nearby – Dual Leicester Investment Property Auction
Education is a key consideration for families and investors alike. The dual Leicester investment property auction lot is within walking distance of several highly regarded schools. Abbey Mead Primary Academy, rated Outstanding by Ofsted, is just 0.6 miles away. Slater Primary School is even closer at 0.37 miles. Other nearby schools include King Richard III Infant & Nursery, Fosse Mead Primary Academy, and Shaftesbury Junior School, all within a one-mile radius. This proximity to quality education makes the property especially attractive to families and enhances its long-term rental and resale value.Superb Transport Links and Connectivity
Transport connections are a major advantage of this dual Leicester investment property auction lot. Abbey Lane forms part of the A6, providing direct access to Leicester city centre (1.5 miles south) and the A46 (1 mile north). The M1 motorway is just 4 miles away, offering fast routes to London, Birmingham, and the North. Leicester train station is 1.65 miles from the property, with frequent services to London St Pancras and other major cities. Multiple bus routes, including the 54, connect Abbey Lane to the city centre in just 10–15 minutes. These excellent transport links ensure easy commuting for residents and strong appeal for tenants.Leicester LE4 Market Data and Investment Yields
The dual Leicester investment property auction lot is situated in a high-performing market. Average house prices in LE4 range from £251,000 to £290,000, according to recent data from Rightmove and Zoopla. Standard rental yields in the area are 4.3–4.6%, while well-managed HMOs can achieve yields of 8% or higher. Room rents typically range from £450 to £595 per month (bills included), reflecting strong demand for shared accommodation. Family lets in LE4 command rents of £1,100–£1,300 per month for three-bedroom homes. This robust market context underpins the investment case for the dual Leicester investment property auction lot, offering both income and capital growth potential.Council Tax, Licensing, and Compliance
Both properties in this dual Leicester investment property auction lot are registered as separate units for council tax purposes, with the option to consolidate if desired. The flexible configuration allows for easy compliance with local regulations, whether operating as a single dwelling, two separate homes, or an HMO. Prospective buyers should review Leicester City Council’s HMO licensing guidance (Leicester HMO Licensing) and the selective licensing scheme (Selective Licensing Scheme) to ensure full compliance. The property’s lettings record since 2015 demonstrates its suitability for a range of uses and its ongoing appeal to the rental market.Auction Details and How to Bid
This dual Leicester investment property auction lot will be offered for sale by Palace Auctions London on 24th June 2026, with a guide price of £400,000 plus. The auction is open to investors, families, and developers, with legal packs available on request. To view the full auction catalogue and register to bid, visit the Current Property Auction Catalogues page. For those new to property auctions, the Beginner’s Guide to Auctions provides step-by-step instructions on how to participate with confidence. For further information or to arrange a viewing, contact the Palace Auctions team via the Contact Us page.Why Choose This Dual Leicester Investment Property Auction Lot?
This dual Leicester investment property auction lot stands out for its flexibility, location, and proven income potential. Investors can benefit from high yields and strong demand for both room rentals and family lets. Families will appreciate the spacious layout, large garden, and proximity to outstanding schools and amenities. Developers and auction dealers can explore options to split, extend, or reconfigure the properties to maximize value. The combination of recent refurbishments, continuous lettings record, and excellent transport links makes this a compelling opportunity in the Leicester property market.Summary and Call to Action
In summary, the dual Leicester investment property auction for 282 & 282A Abbey Lane, LE4 2AA, offers a rare chance to acquire two adjoining homes with exceptional flexibility and income potential. With a guide price of £400,000 plus and auction date set for 24th June 2026, this lot is ideal for investors, families, and developers seeking value and versatility in a prime Leicester location. Don’t miss your chance to secure this outstanding property. For more information, to request the legal pack, or to arrange a viewing, contact Palace Auctions London today or browse the current auction catalogue. For expert advice on buying at auction, visit our Beginner’s Guide to Auctions. Act now to secure your place at the dual Leicester investment property auction and unlock the full potential of this unique opportunity.The Key: This dual Leicester investment property auction lot combines high-yield rental potential, family-friendly features, and development flexibility in a prime LE4 location. For tailored advice or to register your interest, contact Palace Auctions London or explore our auction catalogue today.
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Ready to bid or need more details? Contact Palace Auctions London now or browse our current auction catalogue to secure your place at the dual Leicester investment property auction. Your new home awaits!Page Last Updated: 28th May 2026
