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Northfold Road, Knighton, Leicester

East Midlands

£310,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This three-bedroom semi-detached house offers an excellent opportunity for renovation and investment, particularly appealing to those looking to add their personal touch. The property features a well-established rear garden that presents potential for extension, subject to obtaining the necessary planning permissions. With no upward chain, this home is ready for immediate consideration. Upon entry, you are welcomed by a practical hallway leading to two spacious reception rooms. The front room features a charming double-glazed bay window, allowing natural light to fill the space, while the second reception room opens directly onto the rear garden. The kitchen, equipped with essential appliances and ample storage, provides potential for modern updates that could enhance its functionality and aesthetic appeal. The first floor hosts three bedrooms, each with original features conducive to customization. The family bathroom includes essential fixtures but presents an opportunity for a contemporary remodel that could significantly increase the property's value. The exterior of the property boasts a low-maintenance front garden and a generous rear garden with established landscaping, offering both privacy and outdoor space for potential enhancements. Off-road parking is available via a driveway, providing convenience in this urban setting. Strategically located near Overdale Primary School and various public and private educational institutions, this home supports families seeking access to quality education. Nearby amenities include Leicester City Centre and local healthcare facilities such as Leicester Royal Infirmary. Recreational options abound with Knighton Park just a short walk away and the vibrant Queens Road shopping area featuring boutique shops and dining experiences within easy reach. Overall, this property's combination of location advantages and renovation potential makes it an enticing prospect for buyers seeking to invest in a growing community.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +32.2% above area average per sq ft

+32.2%
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
£15,000 - £30,000
Target Value
£257,920
10% above area average per sq ft
Potential ROI
-24.1%
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

Northfold Road, Knighton, 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
£1,136
Based on a loan of £232,500 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