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Coates Avenue, New Parks, Leicester

East Midlands

£195,000
Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This traditional three-bedroom mid-townhouse presents an excellent renovation opportunity in a sought-after residential area. While the property is generally sound, it requires modern updates, making it an ideal canvas for investors or homebuyers looking to customize their living space. The ground floor features an entrance hall leading to a spacious L-shaped lounge with dual-aspect windows that fill the room with natural light. Adjacent is the dining room, providing a cozy area for family meals. The kitchen, while functional, offers ample potential for redesign and enhancement, featuring basic cabinetry and space for essential appliances. A rear lobby grants access to useful outbuildings, which could serve various purposes depending on your vision. Upstairs, you'll find three well-proportioned bedrooms—each with fitted carpeting and built-in storage—alongside a bathroom that includes essentials but awaits contemporary upgrades. The layout facilitates plenty of options for reconfiguration or expansion. Outside, the property boasts front and rear gardens. The front garden is enclosed for privacy, while the rear garden extends approximately 60 feet and includes various outbuildings and storage solutions that enhance its utility. Potential buyers will appreciate the fully fenced boundaries, providing security and seclusion. Situated close to local amenities such as shops, schools, public transport options, and major road links, this property combines convenience with investment potential. Its location within a thriving community adds value for those looking to renovate or invest in rental opportunities. With no upward chain in place and a favorable council tax band A classification, this townhouse stands as a promising prospect for future growth and personal customization.

Investment Analysis

(LE3 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 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

Coates Avenue, New Parks, Leicester
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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