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Dovedale Road, Stoneygate, LE2 - Image 1
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Dovedale Road, Stoneygate, LE2

East Midlands

£425,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1611 sqft

Description

This three-bedroom detached family home presents a compelling opportunity for renovation enthusiasts and investors looking to capitalize on its inherent potential in the esteemed Stoneygate area. Set back from the road, the property features a tidy front yard with a driveway and an integral garage, welcoming you into its spacious interior. Upon entering, the hallway leads to a bright bay-fronted living room that exudes character and offers ample natural light. Adjacent is a separate dining room with easy access to the garden, which boasts mature landscaping and has great potential to be transformed into an inviting outdoor retreat with some thoughtful updates. The kitchen includes a pantry and side access, providing an ideal setting for modernizing this vital space of the home. Additionally, there’s a store room and a WC that could allow for flexible redesign options or even extension possibilities, subject to planning permissions. On the upper floor, you’ll find three generously sized bedrooms, each offering pleasant views of the surrounding greenery. The family bathroom retains elements of the home's original charm but also presents opportunities for contemporary upgrades that would enhance functionality and aesthetic appeal. Outside, the private rear garden is secluded with established plants, offering plenty of room for outdoor activities or relaxation. The off-road parking from both the driveway and garage adds convenience in this desirable location. Properties like this are hard to come by in Stoneygate—a neighborhood known for its charm and community feel. With vision and effort, this home could be restored to highlight its original details while integrating modern comforts, making it not only a wonderful residence but also a savvy investment in an increasingly sought-after area.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -4.4% below area average per sq ft

-4.4%
Potential saving
This Property
£264/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£488,834
10% above area average per sq ft
Potential ROI
+0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Dovedale Road, Stoneygate, 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
£1,557
Based on a loan of £318,750 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