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17 bedroom detached house
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Detached house
17 bed
bath
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Property description & features
- The Hat and Cap Factory: Historically significant and architecturally attractive building
- 13 premium standard apartments in a converted old commercial factory
- Mix of 4 two-bedroom, 8 one-bedroom, and 1 studio apartments
- Large windows, high ceilings, and bespoke custom-made kitchens
- Total square footage exceeds 7,000 sqm; apartments range from 398 to 798 sq ft
- 18-month renovation completed by Oct 2023; individual titles for each aparment
- Shared communal courtyard with bike storage; accessed through a communal hallway
- Located in South Wigston, Leicestershire; 200m to main high street and Blaby Road Park
- Spacious bedrooms, stylish bathrooms, spotlights, and hardwood flooring
- Excellent rental investment opportunity, projected annual returns over £110,000
Welcome to The Hat and Cap Works, a historically significant and architecturally attractive building located at 41-43 Canal Street, South Wigston, Leicestershire, LE18 4PL. This unique property, once an old textile factory, has been thoughtfully converted into 13 premium standard apartments, offering a blend of modern living and historic charm.
This three-story factory unit built in 1895 and the apartments showcase the building's original features, including large windows and high ceilings. The property has been meticulously renovated over 18 months to ensure a high standard of finish. Each apartment boasts bespoke custom-made kitchens, creating a stylish and functional space for residents to enjoy.
The total square footage of the apartments exceeds 7,000 square feet, with sizes ranging from 398 to 799 square feet. The apartments are spread across three floors, offering a variety of layouts to suit different preferences. Among the 13 apartments, there are four two-bedroom units, each featuring double bedrooms, ensuite bathrooms, and family bathrooms. Additionally, there are eight one-bedroom apartments and one studio apartment, providing comfortable and contemporary living spaces.
The extensive refurbishment of the property is expected to be completed by October 2023. All the apartments will have individual titles and come with 10-year CMLC Structural Warranties, ensuring peace of mind for both residents and investors. Further warranties and guarantees are also in place (contact the agent for specific details).
Residents of The Hat and Cap Works will enjoy a shared communal courtyard, a perfect place to unwind and socialize. The courtyard is paved and offers space for bike storage,and access to the apartments is through a communal hallway that spans all three floors, fostering a sense of community among residents.
Located in the vibrant area of South Wigston, Leicestershire, this property offers a plethora of amenities within easy reach. The main high street is only 200 meters away, providing a range of shops, cafes, and local businesses. Nature enthusiasts will appreciate Blaby Road Park, located within 200 meters, offering a football pitch, skatepark, and an enclosed dog run. For leisurely walks, the grand union canal is within walking distance, allowing residents to enjoy the picturesque surroundings.
South Wigston is known for its bustling community and offers a large college, popular bars, and pubs. Commuting to nearby Leicester and Fosse Park is convenient, with excellent access to the M1 and M69 motorways. This strategic location ensures residents have access to a wide range of amenities, including shopping centers, entertainment venues, and cultural attractions.
Step inside the apartments, and you'll be greeted by high ceilings, separate space for washing machines and tumble dryers and ample storage areas, catering to modern lifestyles. The bedrooms are spacious and well-designed, providing a comfortable retreat for relaxation. Stylish bathrooms with thoughtfully add a touch of luxury, while the apartments' spotlights and hardwood flooring create an inviting atmosphere.
The kitchens in each apartment have been designed by a local firm known for their commitment to quality. Featuring built-in ovens, fridge/freezers, electric hobs, and microwaves, these bespoke kitchens are designed to inspire culinary creativity. The apartments are fully electric and comply with new build standards for insulation and soundproofing, ensuring residents' comfort and reducing energy costs.
Parking on the street is free, and a bike store is available for residents, encouraging sustainable transportation options. The convenience of nearby amenities, coupled with the appealing features of the apartments, makes The Hat and Cap Works an excellent investment opportunity. The property will be sold as one block to an investor, and rental returns are expected to exceed £120,000 per year. For those seeking a hands-off investment, the property can be provided with a letting agency and tenants in place,
TWO BEDROOM APARTMENTS Aparment 1 - Lower Floor - 72.9m2 / 785squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 13.5m2 and 16.5m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 3 - Lower Floor - 61m2 / 657squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 12 and 8.7m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 5 - Ground Floor - 74.2m2 / 799squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 13.5m2 (approx) and 16.5m2 (approx) . The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 12 - Upper Floor - 61.6m2 / 663squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 22.2m2 living space and bedrooms which are 11.7m2 and 8.7m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
ONE BEDROOM APARTMENTS Aparment 2 - Lower Floor - 39m2 / 420squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.3m2 living space and bedroom which is 10.8m2 .
Aparment 4 - Lower Floor - 43.1m2 / 464squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 13m2 .
Aparment 6 - Ground Floor - 40m2 / 431squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.3m2 living space and bedroom which is 10.8m2 .
Aparment 7 - Ground Floor - 58m2 / 624squ2 - One bedrooms with hallway, storage cupboard, w/c and sink, 22.2m2 living space and bedroom which is 12.0m2 with ensuite consisting of w/c, sink and shower
Aparment 8 - Ground Floor - 43.1m2 / 464squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 13m2 .
Aparment 9 - First Floor - 44.0m2 / 474squ2 - One bedrooms with hallway, storage cupboard, w/c and sink, 20.2m2 living space and bedroom which is 11.2m2 with ensuite consisting of w/c, sink and shower
Aparment 11 - First Floor - 39.0m2 / 420squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 21.2m2 living space and bedroom which is 9m2 .
Aparment 13 - First Floor - 41.2m2 / 443squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 11.9m2 .
STUDIO APARTMENT Aparment 10 - First Floor - 37.0m2 / 398squ2 - Studio apartment with hallway, storage cupboard, bathroom with w/c, sink and shower, 17.2m2 living space and bedroom which is 9.7m2 .
RENTAL ESITMATES The rental figures are based on our knowledge of the area and experience from renting brand new properties. They are based on an unfurnished basis.
Aparment 1 - 2 Bed - £850pcm
Aparment 2 - 1 Bed - £700pcm
Aparment 3 - 2 Bed - £825pcm
Aparment 4 - 1 Bed - £700pcm
Aparment 5 - 2 Bed -£875pcm
Aparment 6 - 1 Bed - £725pcm
Aparment 7 - 1 Bed - £800pcm*
Aparment 8 - 1 Bed - £725pcm
Aparment 9 - 1 Bed - £750pcm
Aparment 10 - 1 Bed - £700pcm*
Aparment 11 - 1 Bed - £750pcm
Aparment 12 - 2 Bed - £900pcm
Aparment 13 - 1 Bed - £750pcm
Total Per Month - £10,050
Total Annual - £120,600
6% Gross Return Annunally
*these prices are different to others, one is a premium 1 bed and other is a studio.
The developer is aiming for EPC C on all apartments so they will be fully future proofed for the proposed changes in requirement in 2028. The apartments also include other required certification such as electrical inspection reports.
The apartments will need selective licences to be rented out, these can be provided after exchange subject to price agreed for the development (they need to be applied for in the new owner's name, and can't be transferred from one owner to another, without a further charge)
This three-story factory unit built in 1895 and the apartments showcase the building's original features, including large windows and high ceilings. The property has been meticulously renovated over 18 months to ensure a high standard of finish. Each apartment boasts bespoke custom-made kitchens, creating a stylish and functional space for residents to enjoy.
The total square footage of the apartments exceeds 7,000 square feet, with sizes ranging from 398 to 799 square feet. The apartments are spread across three floors, offering a variety of layouts to suit different preferences. Among the 13 apartments, there are four two-bedroom units, each featuring double bedrooms, ensuite bathrooms, and family bathrooms. Additionally, there are eight one-bedroom apartments and one studio apartment, providing comfortable and contemporary living spaces.
The extensive refurbishment of the property is expected to be completed by October 2023. All the apartments will have individual titles and come with 10-year CMLC Structural Warranties, ensuring peace of mind for both residents and investors. Further warranties and guarantees are also in place (contact the agent for specific details).
Residents of The Hat and Cap Works will enjoy a shared communal courtyard, a perfect place to unwind and socialize. The courtyard is paved and offers space for bike storage,and access to the apartments is through a communal hallway that spans all three floors, fostering a sense of community among residents.
Located in the vibrant area of South Wigston, Leicestershire, this property offers a plethora of amenities within easy reach. The main high street is only 200 meters away, providing a range of shops, cafes, and local businesses. Nature enthusiasts will appreciate Blaby Road Park, located within 200 meters, offering a football pitch, skatepark, and an enclosed dog run. For leisurely walks, the grand union canal is within walking distance, allowing residents to enjoy the picturesque surroundings.
South Wigston is known for its bustling community and offers a large college, popular bars, and pubs. Commuting to nearby Leicester and Fosse Park is convenient, with excellent access to the M1 and M69 motorways. This strategic location ensures residents have access to a wide range of amenities, including shopping centers, entertainment venues, and cultural attractions.
Step inside the apartments, and you'll be greeted by high ceilings, separate space for washing machines and tumble dryers and ample storage areas, catering to modern lifestyles. The bedrooms are spacious and well-designed, providing a comfortable retreat for relaxation. Stylish bathrooms with thoughtfully add a touch of luxury, while the apartments' spotlights and hardwood flooring create an inviting atmosphere.
The kitchens in each apartment have been designed by a local firm known for their commitment to quality. Featuring built-in ovens, fridge/freezers, electric hobs, and microwaves, these bespoke kitchens are designed to inspire culinary creativity. The apartments are fully electric and comply with new build standards for insulation and soundproofing, ensuring residents' comfort and reducing energy costs.
Parking on the street is free, and a bike store is available for residents, encouraging sustainable transportation options. The convenience of nearby amenities, coupled with the appealing features of the apartments, makes The Hat and Cap Works an excellent investment opportunity. The property will be sold as one block to an investor, and rental returns are expected to exceed £120,000 per year. For those seeking a hands-off investment, the property can be provided with a letting agency and tenants in place,
TWO BEDROOM APARTMENTS Aparment 1 - Lower Floor - 72.9m2 / 785squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 13.5m2 and 16.5m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 3 - Lower Floor - 61m2 / 657squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 12 and 8.7m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 5 - Ground Floor - 74.2m2 / 799squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 24.4m2 living space and bedrooms which are 13.5m2 (approx) and 16.5m2 (approx) . The master bedroom has an ensuite bathroom with shower, sink and toilet
Aparment 12 - Upper Floor - 61.6m2 / 663squ2 - Two bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 22.2m2 living space and bedrooms which are 11.7m2 and 8.7m2. The master bedroom has an ensuite bathroom with shower, sink and toilet
ONE BEDROOM APARTMENTS Aparment 2 - Lower Floor - 39m2 / 420squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.3m2 living space and bedroom which is 10.8m2 .
Aparment 4 - Lower Floor - 43.1m2 / 464squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 13m2 .
Aparment 6 - Ground Floor - 40m2 / 431squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.3m2 living space and bedroom which is 10.8m2 .
Aparment 7 - Ground Floor - 58m2 / 624squ2 - One bedrooms with hallway, storage cupboard, w/c and sink, 22.2m2 living space and bedroom which is 12.0m2 with ensuite consisting of w/c, sink and shower
Aparment 8 - Ground Floor - 43.1m2 / 464squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 13m2 .
Aparment 9 - First Floor - 44.0m2 / 474squ2 - One bedrooms with hallway, storage cupboard, w/c and sink, 20.2m2 living space and bedroom which is 11.2m2 with ensuite consisting of w/c, sink and shower
Aparment 11 - First Floor - 39.0m2 / 420squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 21.2m2 living space and bedroom which is 9m2 .
Aparment 13 - First Floor - 41.2m2 / 443squ2 - One bedrooms with hallway, storage cupboard, bathroom with w/c, sink and shower, 20.4m2 living space and bedroom which is 11.9m2 .
STUDIO APARTMENT Aparment 10 - First Floor - 37.0m2 / 398squ2 - Studio apartment with hallway, storage cupboard, bathroom with w/c, sink and shower, 17.2m2 living space and bedroom which is 9.7m2 .
RENTAL ESITMATES The rental figures are based on our knowledge of the area and experience from renting brand new properties. They are based on an unfurnished basis.
Aparment 1 - 2 Bed - £850pcm
Aparment 2 - 1 Bed - £700pcm
Aparment 3 - 2 Bed - £825pcm
Aparment 4 - 1 Bed - £700pcm
Aparment 5 - 2 Bed -£875pcm
Aparment 6 - 1 Bed - £725pcm
Aparment 7 - 1 Bed - £800pcm*
Aparment 8 - 1 Bed - £725pcm
Aparment 9 - 1 Bed - £750pcm
Aparment 10 - 1 Bed - £700pcm*
Aparment 11 - 1 Bed - £750pcm
Aparment 12 - 2 Bed - £900pcm
Aparment 13 - 1 Bed - £750pcm
Total Per Month - £10,050
Total Annual - £120,600
6% Gross Return Annunally
*these prices are different to others, one is a premium 1 bed and other is a studio.
The developer is aiming for EPC C on all apartments so they will be fully future proofed for the proposed changes in requirement in 2028. The apartments also include other required certification such as electrical inspection reports.
The apartments will need selective licences to be rented out, these can be provided after exchange subject to price agreed for the development (they need to be applied for in the new owner's name, and can't be transferred from one owner to another, without a further charge)
Places of interest
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