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Lutterworth Road, Aylestone, Leicester, Leicestershire, LE2 - Image 1
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Lutterworth Road, Aylestone, Leicester, Leicestershire, LE2

East Midlands

£340,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1514 sqft

Description

This three-bedroom detached bungalow presents a compelling opportunity for renovation or investment, with a generous plot that offers significant potential for expansion, subject to obtaining the necessary planning permissions. Nestled in a quiet area set back from Lutterworth Road in Aylestone, the property benefits from a peaceful residential setting while still being conveniently close to local amenities and key transport routes, including easy access to the M1 and M69. Upon entering, you are greeted by an entrance hall that leads into a spacious lounge featuring double-glazed windows on the side and French doors opening out to the garden. This inviting space could be transformed into a modern living area with some updating. The adjacent conservatory adds an extra layer of versatility, potentially serving as a sunlit retreat or additional dining space. The kitchen is equipped with essential features including wall and base units, a gas hob, oven, sink with drainer, and ample natural light from a double-glazed window. An adjoining utility room provides further convenience with space for appliances and direct access to the garden. The property comprises three well-sized bedrooms. The master bedroom is enhanced by fitted wardrobes and an en-suite shower room, while the other bedrooms are adaptable spaces that would benefit from personal touches. The main bathroom is functional but ripe for modernization. Outside, the bungalow boasts wrap-around gardens that not only provide green space but also present an appealing opportunity for landscaping or extensions to enhance living areas further (subject to planning). There is off-road parking available for multiple vehicles along with a double garage, adding practical value to this property. Overall, this bungalow merges a solid foundation with promising potential for those looking to invest in renovations or create their dream home in a sought-after location.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£225/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£459,401
10% above area average per sq ft
Potential ROI
+25.9%
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

Lutterworth Road, Aylestone, Leicester, Leicestershire, 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
£1,246
Based on a loan of £255,000 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