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Lorraine Road, Aylestone

East Midlands

£150,000
Listed on 30/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
927 sqft

Description

This charming Victorian mid-terrace home is located on a tranquil street in Aylestone, offering a blend of original character and modern practicality, making it an excellent candidate for renovation or investment. Upon entering, you’ll find a bright front reception room that seamlessly transitions into a second reception space, perfect for dining or additional living arrangements. The property features a practical cellar that can serve various purposes, from storage to potential conversion into usable space. The galley-style kitchen opens up to a private garden, which presents an opportunity for landscaping and enhancement, allowing you to create your own outdoor escape. Upstairs, two well-proportioned bedrooms await, with the principal bedroom benefiting from unique bathroom access that provides semi en-suite convenience—an appealing feature for both rental and family living. Aylestone itself is a thriving residential suburb located just southwest of Leicester city center. It boasts proximity to Aylestone Meadows Nature Reserve, offering ample opportunities for outdoor activities like walking and cycling. The area is also conveniently equipped with local amenities, schools, and reliable transport links to the city center, making it attractive to families and professionals alike. With its combination of location benefits and renovation potential, this property is poised for transformation into a modern home while retaining its historic charm. Whether you are looking to invest or create your ideal living space, this home offers a canvas rich with possibilities.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -41.3% below area average per sq ft

-41.3%
Potential saving
This Property
£162/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£281,284
10% above area average per sq ft
Potential ROI
+65.5%
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

Lorraine Road, Aylestone
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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
£549
Based on a loan of £112,500 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