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Sorrel Road, Leicester, LE5

East Midlands

£475,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1714 sqft

Description

This four-bedroom detached home is situated on a generous corner plot, offering a unique opportunity for renovation and investment. The property's thoughtful layout presents a solid foundation ready for updates or remodeling, catering to those looking to imprint their personal style. Inside, you’ll find four spacious bedrooms, including three that can easily accommodate larger furnishings. The principal suite features an ensuite bathroom, enhancing privacy and convenience for its occupants. The main living areas include a bright lounge and a separate dining room, both of which are adaptable spaces that could benefit from modern enhancements. The kitchen is sizable with ample storage and workspace, making it well-suited as the central hub of the home. Given its current condition, there’s significant potential to revamp this area into a contemporary culinary space tailored to today’s standards. Outside, the property includes a substantial double garage equipped with power and plumbing, which opens up various possibilities—whether as a workshop, a home business venue, or potential living space through conversion (subject to planning permission). Additionally, there’s a privately owned outbuilding reminiscent of a pub; fully fitted and versatile enough to serve as an entertainment space year-round or transformed into a gym or office. The expansive garden provides ample room for outdoor activities and gatherings while maintaining an inviting atmosphere for peaceful relaxation. Its secluded setting ensures privacy without sacrificing proximity to local amenities, transport links, and reputable schools. This property presents an intriguing mix of character and functionality in an appealing location with excellent investment potential. It invites visionaries to explore its myriad possibilities—early viewings are encouraged for those interested in capitalizing on this distinctive opportunity.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£277/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£534,794
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE5)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 8.3%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on LE5 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

Sorrel Road, Leicester, LE5
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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
£1,740
Based on a loan of £356,250 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