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Tichborne Street, Highfields, Leicester, LE2 - Image 1
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Tichborne Street, Highfields, Leicester, LE2 - Image 9
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Tichborne Street, Highfields, Leicester, LE2

East Midlands

£495,000
Listed on 17/09/2025

Property Details

Bedrooms
8
Type
Detached house
Area
3301 sqft

Description

This impressive Victorian residence, featuring eight bedrooms, presents a unique opportunity for both families and investors alike. Spanning three levels plus a basement, the property showcases an architectural charm characterized by its distinctive red-brick façade and striking bay-fronted windows that enhance the natural light in the living spaces. Upon entering, you’ll find a welcoming entrance hall that retains original features typical of Victorian homes. Each of the generously sized reception rooms offers potential for various uses—whether as family gathering areas or separate communal spaces, creating a flexible environment adaptable to modern needs. The high ceilings and large windows throughout contribute to an open and airy atmosphere. The eight bedrooms are well-proportioned, leaving ample scope for renovation tailored to personal preferences or tenant requirements. The spaciousness allows for easy reconfiguration, making it suitable for those considering conversion into a House in Multiple Occupation (HMO), subject to necessary approvals. A significant asset of this property is the expansive rear garden. This mature outdoor space serves as a blank canvas ready for landscaping or development into an inviting recreational area. It could easily be transformed into a family-friendly sanctuary or designed to accommodate multiple residents looking for outdoor amenities. Located conveniently close to Leicester city centre, this home benefits from its position within an area that is often sought after by families and tenants alike. Its combination of size, character, and location not only makes it an appealing family residence but also positions it as a valuable investment opportunity with considerable potential for appreciation in value through thoughtful renovations or conversion projects. In summary, this Victorian home offers significant investment potential alongside historical charm—a rare finding that invites creativity and vision in transforming it into either a luxurious family dwelling or a profitable rental property.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -46.1% below area average per sq ft

-46.1%
Potential saving
This Property
£150/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£1,010,535
10% above area average per sq ft
Potential ROI
+63.3%
After renovation
Monthly Sales
63
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are falling by +3.8% over the last 12 months
3 year growth: 3.6%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on LE2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Tichborne Street, Highfields, Leicester, LE2
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