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Markland, Eyres Monsell, Leicester, LE2

East Midlands

£230,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1814 sqft

Description

Nestled on the outskirts of the Eyres Monsell Estate, this three-bedroom semi-detached home presents a promising opportunity for renovation and investment. The property is conveniently positioned with swift access to key roadways, including Junction 21 of the M1, making it ideal for commuters. Fosse Park shopping center is just a short drive away, and local amenities such as shops and takeaways are within easy reach, enhancing everyday convenience. Upon entry, a spacious hallway greets you, providing access to both a well-sized lounge and a generous kitchen diner. The lounge boasts a classic square layout complemented by a feature fireplace—a great starting point for creating a cozy family atmosphere. The kitchen diner is particularly noteworthy for its ample space, accommodating not only cooking needs but also family meals. This area features an array of base and eye-level units along with essential appliances. From here, sliding patio doors lead to a conservatory that showcases views of the backyard and offers additional access through French doors to an outdoor patio—an inviting spot for relaxation or gatherings. The ground floor also includes a side entry that currently serves as a utility room, which provides direct access to the rear garden and houses a convenient downstairs WC. Moving upstairs, the landing leads to three bedrooms; two larger doubles equipped with built-in storage and one smaller double—all offering flexibility in use. The family bathroom features a standard three-piece suite but holds potential for modernization. Outside, the property features off-road parking alongside shrubs that provide some privacy at the front. The spacious rear garden primarily consists of lawn and patio areas—ideal for families or those who enjoy entertaining outdoors. While the home does require some updating throughout, its generous layout invites creative improvements. This property is an excellent canvas for those looking to personalize their space or capitalize on its investment potential in this sought-after area.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -54.0% below area average per sq ft

-54.0%
Potential saving
This Property
£127/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£550,431
10% above area average per sq ft
Potential ROI
+111.7%
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

Markland, Eyres Monsell, Leicester, 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
£843
Based on a loan of £172,500 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