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Springfield Road, Stoneygate, Leicester, LE2

East Midlands

£450,000
Listed on 23/02/2026

Property Details

Bedrooms
5
Type
Terraced house
Area
2085 sqft

Description

This substantial three-storey Victorian residence presents a prime opportunity for those looking to invest in a property with significant renovation potential. Comprising five spacious double bedrooms and two bathrooms, the house features three reception rooms along with a generously sized cellar, providing ample space for modern living or conversion into additional usable areas. The home retains numerous original features such as high ceilings, decorative cornicing, and bay windows which contribute to its character and charm. While it currently requires extensive modernisation, this offers an excellent chance to add value through thoughtful refurbishment. Located at the intersection of Stoneygate and Clarendon Park, the property boasts over 2,000 square feet of living space spread across four floors. The expansive layout includes bright and airy reception rooms that can be transformed into stylish entertaining spaces, while the kitchen area needs refitting yet has the potential for an open-plan design that connects seamlessly to the private garden. The first floor accommodates three light-filled double bedrooms alongside a family bathroom, while the second floor houses two further double bedrooms with dedicated bathroom facilities. The large basement offers flexibility; it could serve as storage or be converted into functional living space (subject to necessary permissions). Externally, the property features a well-maintained courtyard alongside a longer garden area adorned with mature shrubs. With no upward chain and situated close to local amenities such as shops and schools—plus great transport links—the home stands as an attractive project for future homeowners or investors seeking to create a bespoke family residence.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -22.8% below area average per sq ft

-22.8%
Potential saving
This Property
£216/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£640,804
10% above area average per sq ft
Potential ROI
+20.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
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

Springfield Road, Stoneygate, Leicester, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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