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Lothair Road, Leicester, Leicestershire, LE2 - Image 1
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Lothair Road, Leicester, Leicestershire, LE2

East Midlands

£190,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
831 sqft

Description

This 2-bedroom terraced home in Leicester presents a solid foundation for renovation and personal expression. The property, while in good condition, provides an excellent opportunity for first-time buyers or investors to enhance its value and create their ideal living space. The ground floor features a traditional layout with a lounge and a separate dining room, complemented by a kitchen that opens to the rear of the property. Upstairs, two generously sized bedrooms share access to a bathroom. The outdoor area, though manageable, offers potential for landscaping or outdoor living improvements, allowing you to tailor it to your preferences. Situated in the desirable LE2 area of Leicester, this home benefits from proximity to essential amenities. A short drive leads to the city center, which boasts diverse shopping and dining options. Additionally, public transport connections are readily available, making it convenient for those commuting to work or exploring the city. This property stands as a blank canvas ripe with potential for upgrades and customization. Its practical layout allows for various improvements that can significantly enhance both comfort and investment value. We encourage prospective buyers to visit and explore the possibilities that await within this versatile home.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£229/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£252,154
10% above area average per sq ft
Potential ROI
+23.0%
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

Lothair Road, Leicester, Leicestershire, LE2
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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
£696
Based on a loan of £142,500 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