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Vaughan Street, Leicester, LE3

East Midlands

£165,000
Listed on 07/05/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
699 sqft

Description

This two-bedroom traditional mid-terrace offers an excellent opportunity for those seeking a renovation project or an investment property. Ideally situated for easy access to the city centre, this home is poised for enhancement and personalization. The interior features a practical layout that includes an open-plan lounge and dining area with a central staircase, along with a kitchen that provides ample potential for reconfiguration. The first floor comprises two well-sized bedrooms and a bathroom, all of which could benefit from modernization to meet contemporary living standards. Outside, the property enjoys a low-maintenance courtyard at the rear—perfect for creating an inviting outdoor space or additional storage options. With no upward chain, this property is ready for immediate consideration. This presents a unique chance to craft a desirable residence or capitalize on the rental market in a sought-after location. An in-person viewing is highly encouraged to fully appreciate the possibilities this home has to offer.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -6.6% below area average per sq ft

-6.6%
Potential saving
This Property
£236/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£194,301
10% above area average per sq ft
Potential ROI
+2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 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

Vaughan Street, Leicester, LE3
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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
£604
Based on a loan of £123,750 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