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31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 1
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31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 3
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31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 5
31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 6
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31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 8
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31 Runcorn Road, Leicester, Leicestershire LE2 9FS - Image 11

31 Runcorn Road, Leicester, Leicestershire LE2 9FS

East Midlands

£125,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
632 sqft

Description

This three-bedroom mid-townhouse, located in a well-regarded residential area on the south side of Leicester, represents an excellent opportunity for renovation and investment. The property is equipped with gas central heating and double glazing, which enhances its comfort and efficiency; however, it provides ample scope for modernization to suit contemporary tastes or rental standards. Recent updates include the installation of a new combi boiler approximately 18 months ago, alongside a new fuse board, ensuring that essential systems are up-to-date. While the interior could benefit from cosmetic improvements and potential layout reconfigurations, these changes could significantly increase both the property's aesthetic appeal and market value. The home features a spacious lounge/diner with natural light from front and rear windows, as well as a practical kitchen that opens directly into the rear garden. Additionally, the upstairs landing grants access to an insulated and boarded loft, offering further storage options or possible future expansion. Each of the three bedrooms provides decent living space, with practical amenities such as built-in cupboards in the second bedroom and an airing cupboard in the master bedroom. The family bathroom is fully tiled and includes both a bath with shower over and a separate W.C., allowing for functional use while considering future renovations to improve modernity. Externally, the property boasts paved off-road parking at the front and a low-maintenance rear garden that includes two outhouses suitable for storage or workshop use. With side access to the garden and adequate fencing for privacy, outdoor spaces can be easily adapted or enhanced. The location offers convenient access to local shops, parks, schools, and major transport links including Fosse Shopping Park. This proximity to amenities makes it an attractive choice for families or potential tenants alike. This freehold property comes with vacant possession, presenting itself as either an ideal family home or a promising investment opportunity for those looking to capitalize on Leicester's growing rental market.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -29.0% below area average per sq ft

-29.0%
Potential saving
This Property
£198/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£12,500 - £31,250
10-25% of property value
Target Value
£193,787
10% above area average per sq ft
Potential ROI
+24.0%
After renovation
Monthly Sales
48
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (LE2)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 3.1%
5 year growth: 20.3%
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

31 Runcorn Road, Leicester, Leicestershire LE2 9FS
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