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Broad Avenue, Leicester, Leicestershire, LE5

East Midlands

£250,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
890 sqft

Description

This three-bedroom terraced house presents a promising opportunity for renovation and investment, situated in the desirable LE5 area of Leicester. The property benefits from excellent public transport links and is conveniently located near reputable schools and a variety of local amenities, making it an appealing option for families and investors alike. Inside, the house features a spacious reception lounge that provides a comfortable space for both relaxation and social gatherings. The kitchen, while requiring modernization, includes practical wall and base units along with plumbing for a washing machine and space for a gas cooker. Its layout allows for ample dining space, ideal for family meals or entertaining guests. The sleeping arrangements consist of two sizable double bedrooms and a versatile single bedroom, catering well to different living needs. A shower room completes the accommodation with essential fittings including a shower, W/C, and hand basin. Outside, the property boasts an expansive rear garden—a blank canvas ripe with potential for landscaping or possible extensions (subject to planning permission). Additionally, there is off-road parking available via the driveway. While the home currently requires some updating, it offers significant potential for enhancement. This makes it an attractive prospect not only for first-time buyers but also for developers looking to capitalize on its location within a well-connected neighborhood. The property falls under Council Tax Band B and has an EPC rating of E. Overall, this residence offers an exceptional chance to create a tailored family home or capitalize on investment opportunities in a sought-after area of Leicester. Viewing is encouraged to appreciate the full potential this property holds.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -1.0% below area average per sq ft

-1.0%
Potential saving
This Property
£281/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£277,693
10% above area average per sq ft
Potential ROI
-0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE5)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 8.3%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on LE5 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

Broad Avenue, Leicester, Leicestershire, LE5
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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
£916
Based on a loan of £187,500 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