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Devana Road, Leicester

East Midlands

£220,000
Listed on 21/06/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom end-terraced property presents a substantial renovation opportunity in a sought-after residential area. With its current state requiring complete refurbishment, this home allows buyers the freedom to design and construct a space that meets their specific preferences and needs. The layout includes a separate commercial unit, previously used as a shop, which adds an intriguing dimension for those interested in combining living and working spaces. This versatility could appeal to entrepreneurs or small business owners looking to establish their enterprise right at home. Each room within the property offers generous dimensions but is currently in need of substantial updating. The lounge measures approximately 14' 4" x 10' 10", while each of the three bedrooms varies in size, ranging from around 9' 5" to 12' 6". The kitchen area is essentially a blank slate, allowing for an entirely fresh design. Additionally, the bathroom requires complete renovation, providing further potential for modernization. Situated in a location that enjoys easy access to local amenities, parks, and transport links, the property is well-positioned for families and individuals alike. On-street parking enhances convenience for residents and visitors. Overall, this property not only represents a chance to create a unique home tailored to personal tastes but also serves as an investment opportunity with dual income potential through the commercial space. Due diligence is encouraged for prospective buyers eager to explore all avenues of development available within this promising offering.

Investment Analysis

(LE2 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 1.6%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on LE2 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

Devana Road, 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
£806
Based on a loan of £165,000 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