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Moores Road, Off Melton Road

East Midlands

£250,000
Listed on 04/12/2024

Property Details

Bedrooms
3
Type
Terraced
Area
819 sqft

Description

Situated just off Melton Road in Leicester, this three-bedroom mid townhouse presents a promising project for buyers eager to craft a personalized family residence or a lucrative investment property. The house requires extensive refurbishment across all areas, offering an opportunity to start with a blank slate and implement your design vision. Its advantageous location provides easy access to local amenities, schools, and transportation links to the city centre, enhancing its appeal as a renovation project. Whether you're looking to transform it into a contemporary home or maximize rental potential, this property is ripe with possibilities.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +5.2% above area average per sq ft

+5.2%
This Property
£305/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£261,441
10% above area average per sq ft
Potential ROI
-15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +4.4%
5 year growth: +24.1%
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

Moores Road, Off Melton Road
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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.

Price History

-5.7% since listed
£250,000£15,000(-5.7%)
30/01/2025
Current price
£265,000Initial listing
03/12/2024

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