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Moores Road, Off Melton Road

East Midlands

£250,000
Listed on 31/01/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
819 sqft

Description

This three-bedroom mid-town house presents a substantial opportunity for renovation and investment in a sought-after location near Melton Road, Leicester. The property is being sold chain-free and requires comprehensive refurbishment, allowing you to customize the space to suit your preferences or to create a lucrative rental asset. The layout includes a lounge with a double-glazed door and window, providing natural light to the living area. A separate dining room and kitchen offer essential spaces for everyday living, while the ground-floor bathroom features key amenities including a bath and WC. Each of the bedrooms upstairs has its own character, with varied configurations that can be reimagined to enhance their appeal. Situated conveniently off Melton Road, this property enjoys close proximity to local shops, schools, and essential amenities. Its accessibility to public transport makes it an attractive option for commuters heading into Leicester's city center. With ample outdoor space comprising a rear yard featuring patio areas and gated side access, there is potential for landscaping or further development. This property not only offers immediate residential prospects but also presents a promising canvas for investors looking to capitalize on Leicester's growing market. In summary, this home is more than just a dwelling; it’s an opportunity ready for transformation in a thriving neighborhood.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +4.9% above area average per sq ft

+4.9%
This Property
£305/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£262,072
10% above area average per sq ft
Potential ROI
-15.5%
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

Moores Road, Off Melton Road
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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
£916
Based on a loan of £187,500 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