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Checketts Close, Belgrave, Leicester

East Midlands

£245,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
549 sqft

Description

This two-bedroom semi-detached home offers a solid foundation for renovation and investment, situated on a quiet cul-de-sac in the desirable area of Belgrave. The property comes with no onward chain, making it an appealing option for buyers looking to move quickly or those seeking to renovate for future resale or rental. Upon entering, you are welcomed by a practical entrance hall leading to a spacious bay-fronted lounge that provides ample light and character. The adjoining kitchen is functional, featuring a range of base and eye-level units, and direct access to the sizable rear garden. A separate utility room enhances storage options and houses the gas combination boiler while providing space for laundry appliances—a valuable feature for modern living. The first floor offers two well-sized bedrooms that present excellent potential for improvement. The main bedroom benefits from built-in storage, while both rooms have bright windows overlooking the surrounding area. The family bathroom is fitted with essential amenities, including a bath with an overhead shower. Externally, the property features a low-maintenance front garden that provides off-road parking for one vehicle. Side access leads you to the generous rear garden, which comprises both paved and lawn areas, perfect for outdoor activities or gardening enthusiasts. Enclosed by brick walls and fencing, this secluded space presents an opportunity for landscaping or further development. Located in Belgrave, this home enjoys proximity to local amenities including shops, parks, and schools. With its strong community vibe and easy access to transport links, it stands as an excellent investment choice in a growing neighborhood. Overall, this property presents significant potential for those willing to invest time and effort into renovations. Whether you’re looking for your first home or considering it as an investment opportunity, this semi-detached house is ready to be transformed into something special.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +53.4% above area average per sq ft

+53.4%
This Property
£446/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £12,000
Target Value
£175,675
10% above area average per sq ft
Potential ROI
-31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 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

Checketts Close, Belgrave, 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
£897
Based on a loan of £183,750 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