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Alexandra Road, Leicester, LE2

East Midlands

£550,000

Listed on 16/06/2025

Property Details

Bedrooms
5
Type
Semi Detached
Area
2400 sqft

Description

This striking three-storey Victorian home, located within the esteemed Stoneygate Conservation Area, presents a unique opportunity for those seeking a property rich in character and potential. Set on a tranquil, tree-lined road close to London Road, this residence exhibits appealing architectural elements including decorative brickwork and elegant bay windows. The enchanting open storm porch leads into an expansive entrance hall, showcasing original tiled flooring and ornate period details that reflect its historical charm. Spanning three floors, the property's layout offers a spacious sitting room, a generous dining/family area, and a kitchen diner with ample light and access to a sizable utility room. Envision transforming these areas into an inviting open-plan space tailored to modern living. The upper levels feature five well-sized bedrooms alongside a family bathroom, catering to both family life and remote working needs. Significant investment potential exists with the inclusion of a large cellar that could be converted into additional living space with appropriate permissions. Notably, the detached brick garage at the back of the property provides further possibilities for conversion into creative workspaces or independent living units. The exterior is complemented by attractive gardens and ample off-road parking. Given its size and character, this property offers incredible scope for renovation, making it an exceptional investment opportunity in a desirable location.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£229/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£746,196
10% above area average per sq ft
Potential ROI
+14.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
76
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -2.0%
5 year growth: +8.5%
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

Alexandra Road, Leicester, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,962
Based on a loan of £412,500 over 30 years at 3.97% 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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