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Marlow Road, Leicester, LE3

East Midlands

£190,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
904 sqft

Description

This three-bedroom palisaded terrace presents a valuable opportunity for both first-time buyers and investors seeking a project to renovate. Historically, the property has been rented to students from De Montfort University and the University of Leicester, making it well-positioned for continued rental potential. The ground floor includes two reception rooms that flow into a functional kitchen, along with a bathroom. The layout offers a solid foundation for modernizing the space, whether through updated finishes or reconfiguring the areas to enhance functionality. On the first floor, you’ll find three bedrooms complemented by a convenient WC, allowing for flexible living arrangements or potential for student accommodation. A notable feature of this property is the spacious rear garden. It is primarily laid to lawn and enclosed by wooden panel fencing, offering ample scope for landscaping or creating an outdoor living area. Additionally, there's a patio directly behind the house and an access pathway leading to the front, making it suitable for various outdoor projects. Situated just off Narborough Road, this property benefits from proximity to local amenities, including shops and excellent public transport links into the city center. Nearby green spaces like Aylestone Meadows provide recreational options, while Fosse Shopping Park is just a short drive away. With no upward chain in place, this property is primed for someone ready to invest their creativity and effort into revitalizing it. Given its location and features, it holds significant renovation potential that could enhance both its livability and market value over time.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -16.8% below area average per sq ft

-16.8%
Potential saving
This Property
£210/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£251,285
10% above area average per sq ft
Potential ROI
+16.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Marlow Road, Leicester, LE3
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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
£696
Based on a loan of £142,500 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