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Kensington Street, Leicester

East Midlands

£200,000
Listed on 04/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
753 sqft

Description

This two-bedroom Victorian terraced house presents a promising renovation opportunity, situated in a sought-after area near the vibrant Belgrave Golden Mile. While the property requires modernisation, its classic features offer a solid foundation for potential enhancements and upgrades. On the ground floor, you'll find a spacious lounge with original timber flooring and a charming chimney breast, leading to a dining room that includes useful under-stairs storage. The basic kitchen, equipped with an Aga-style stove and oak cabinetry, connects to a rear lobby that opens onto an enclosed yard. This space could be transformed into a delightful outdoor area or serve as additional storage. Upstairs, the layout consists of two bedrooms and a bathroom accessible from the passaged landing. Each bedroom has single-glazed windows that invite natural light, providing a cozy atmosphere conducive to reimagining these spaces. The bathroom features essential amenities and presents further opportunities for redesign. The property's outdoor space includes an enclosed yard with outbuildings; however, it may require some attention to bring it up to date. Additionally, unrestricted street parking is available nearby. Located close to local shops, schools, major road networks, and public transport options that provide easy access to the city center enhances its appeal for potential investment. Offered with no upward chain and freehold status, this property represents an excellent opportunity for those looking to invest in property with significant renovation potential in a desirable location. Understanding council tax implications and local amenity offerings can help those interested fully appreciate this property's value as they consider their vision for transformation.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -8.7% below area average per sq ft

-8.7%
Potential saving
This Property
£266/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£240,952
10% above area average per sq ft
Potential ROI
-1.7%
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

Kensington Street, 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
£733
Based on a loan of £150,000 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