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Manor Road Extension, Oadby, Leicester, LE2

East Midlands

£625,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1711 sqft

Description

This three-bedroom detached home in Oadby presents a unique opportunity for those looking to invest in a property with significant renovation potential. With generous living spaces and an impressive garden, this residence offers a blank canvas for transformation. Situated on a desirable street in Oadby, the property has been cherished by its owners for many years. Its flexible layout provides ample scope for modernisation and possible extensions, subject to the necessary permissions. Upon entry, you are greeted by a welcoming traditional hallway that leads to a spacious kitchen at the front of the house and a large bathroom located on the ground floor. The layout flows into two principal reception rooms; one is a bright living area that overlooks the expansive garden, while the second space serves as either a dining area or snug. A study completes this level and has potential as an additional bedroom or home office. Upstairs, you will find three well-sized bedrooms, each featuring large windows that allow natural light to fill the spaces. The primary bedroom includes an en-suite bathroom, while all rooms enjoy tranquil views of the surrounding greenery. While some updates are needed to bring it into contemporary standards, the home’s structure appears solid and well-tended. The standout feature of this property is undoubtedly its remarkable rear garden. This spacious outdoor area is beautifully maintained with mature trees and vibrant flower beds, offering an ideal retreat for outdoor activities or gardening enthusiasts. Additional amenities include side access with extra storage options and driveway parking. The location provides a peaceful setting within proximity to excellent schools, local shopping facilities, eateries, and recreational options. Just three miles from Leicester City Centre, Oadby also boasts convenient transport links via major roads such as London Road (A6) and easy access to M1 and M69 motorways. For anyone looking to invest in a property with significant potential to personalize and enhance value over time, this home certainly warrants consideration.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +32.4% above area average per sq ft

+32.4%
This Property
£365/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£519,177
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
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

Manor Road Extension, Oadby, Leicester, LE2
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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
£2,290
Based on a loan of £468,750 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