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Iliffe Road, Leicester

East Midlands

£240,000
Listed on 23/03/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
699 sqft

Description

This three-bedroom end-terrace home presents a valuable opportunity for those looking to invest or create a comfortable living space in the sought-after Northfields area of East Leicester. The property features an inviting entrance hall, leading to a generous lounge/diner that serves as a versatile space for relaxation or entertainment. The kitchen is fully equipped, offering functionality while presenting potential for updates and personalization. On the upper level, you’ll find three well-sized bedrooms alongside a modern family shower room, catering well to families or individuals needing flexible space. The layout is ideal for those who may consider future renovations to enhance the living environment further. Externally, the property is set on a substantial wrap-around plot with landscaped front and rear gardens. There is significant potential for expansion—whether towards the front, side, or rear—subject to planning permission (STPP). This flexibility allows new owners to tailor the property to their needs or increase its market value through thoughtful renovations. Additionally, off-street parking is available at the front, ensuring convenience. Located in Northfields, this home benefits from proximity to Leicester city centre, just a five-minute drive away. Residents will appreciate nearby amenities including St George’s Retail Park and Uppingham Road's diverse shops and services. The excellent transport links further enhance this property's appeal as both a family residence and an investment opportunity in a vibrant urban setting.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +18.0% above area average per sq ft

+18.0%
This Property
£343/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£223,673
10% above area average per sq ft
Potential ROI
-12.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Iliffe Road, Leicester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE