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Petworth Drive, Leicester, LE3

East Midlands

£300,000
Listed on 03/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1047 sqft

Description

This three-bedroom semi-detached home is situated in a desirable residential area, making it an appealing option for first-time buyers, families, or investors looking for renovation potential. Located in the heart of Braunstone Town, the property enjoys easy access to a variety of local amenities, reputable schools, and excellent transport links while maintaining a tranquil atmosphere. Upon entering, you'll find a practical porch that leads into a central hallway granting access to the main living spaces. The light-filled lounge provides a comfortable area for relaxation and connects seamlessly to the conservatory. This additional space offers views of the rear garden and can be utilized as an extra family room, dining area, or home office—adaptable to suit your needs. The kitchen/dining room at the front of the property presents an opportunity for modernization. Its functional layout includes existing units and ample space for family dining, allowing you to customize it according to your preferences. Upstairs are three well-sized bedrooms: two generous doubles and a smaller room suitable for use as a single bedroom, nursery, or study. A modern family bathroom efficiently services these rooms. Externally, off-road parking is available on the driveway at the front, while the rear garden offers a well-kept outdoor area ideal for children and pets or summer gatherings. There is also significant potential to extend either to the rear or side of the property (subject to planning permission), enhancing its long-term appeal. Petworth Drive itself is known for its quiet charm yet provides convenient access to Fosse Park and Meridian Leisure Park as well as Leicester city center. Major roadways such as the M1 and M69 are easily reachable, making commuting straightforward. Additionally, nearby bus routes, shops, parks, and schools contribute to this location's overall attractiveness. Overall, this property not only meets current living needs but also holds great promise for future investment through renovations and expansions.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +13.4% above area average per sq ft

+13.4%
This Property
£287/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£291,035
10% above area average per sq ft
Potential ROI
-11.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Petworth Drive, Leicester, 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
£1,099
Based on a loan of £225,000 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