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Milligan Road, Aylestone

East Midlands

£195,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1182 sqft

Description

Nestled in the vibrant and accessible neighborhood of Aylestone, this 2-bedroom mid-terraced property presents an exciting opportunity for those looking to invest in a home with significant renovation potential. Whether you are a first-time buyer or an investor seeking a project, this property offers a solid foundation to create a personalized living space. The ground floor is designed with two spacious reception rooms that allow for versatile use, providing ample space for comfortable living and dining. The kitchen, adequately sized, presents opportunities for modern upgrades and reconfiguration. One of the standout features of this property is the cellar, which adds valuable storage space and could be converted into usable living area with proper permissions. On the second floor, you'll find two well-proportioned double bedrooms that benefit from natural light, along with a generously sized bathroom equipped with modern fittings. Each room is ripe for modernization, allowing you to bring your vision to life. Outside, the property includes a low-maintenance front garden alongside a sizable rear garden. This outdoor space not only enhances the property's appeal but also offers potential for landscaping or even extension (subject to planning permissions), making it perfect for relaxation or entertaining guests. Aylestone itself is an established suburb known for its community-centric atmosphere and convenient access to city amenities. It features a variety of local shops, cafes, and essential services within easy reach. Larger retail options are also just minutes away by car. The area's outdoor attractions include Aylestone Meadows Nature Reserve, which offers scenic walking paths and cycling routes—an attractive feature for nature enthusiasts. Families will appreciate the presence of reputable schools in the vicinity as well as excellent transport links via nearby bus routes and major roadways including the A426 and A563 Ring Road. This connectivity ensures commuting to Leicester's city center is straightforward. With its combination of revitalization potential and location advantages, this property represents a promising investment in one of Leicester's most desirable suburbs. Early viewings are encouraged to fully appreciate what this home has to offer.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -40.2% below area average per sq ft

-40.2%
Potential saving
This Property
£165/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£358,660
10% above area average per sq ft
Potential ROI
+66.8%
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

Milligan Road, Aylestone
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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
£714
Based on a loan of £146,250 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