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Groby Road, Leicester, Leicestershire, LE3 - Image 1
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Groby Road, Leicester, Leicestershire, LE3

East Midlands

£185,000
Listed on 31/07/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced property presents an excellent opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. Conveniently located near the city center, the home is surrounded by diverse local amenities, ensuring that daily necessities are just a short distance away. Great transport links enhance accessibility, making this an attractive option for those who commute or enjoy the convenience of city living. The property features a spacious lounge diner that could be transformed into a cozy gathering space with a little imagination and design flair. The kitchen is functional and offers room for upgrades to create a more modern culinary environment. Each of the two bedrooms provides ample space for rest and relaxation, while additional areas like the utility room can also be reconfigured for enhanced utility or storage solutions. One notable advantage is the potential for extension (subject to planning permission), allowing you to tailor the property further to your needs or increase its value over time. Off-road parking adds practicality in this urban location, which can be a rare find and adds significant appeal for future residents. With no upward chain, this property is ready for a new owner to step in and make it their own. Whether you're considering it as a project to renovate or as an investment opportunity, the features and location combine to make it a compelling option worth exploring.

Investment Analysis

(LE3 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Groby Road, Leicester, Leicestershire, 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
£678
Based on a loan of £138,750 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