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Ridgeway, Leicester, LE2

East Midlands

£550,000
Listed on 21/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2133 sqft

Description

This substantial detached home presents an exceptional opportunity for renovation and investment, situated in a desirable location that balances peaceful living with convenient access to local amenities. With five spacious double bedrooms and three well-appointed bathrooms, the layout is designed to accommodate family life while offering versatile spaces for customization. The property features two distinct lounge areas, providing flexibility for both formal gatherings and casual family time. Central to the home is a designer kitchen equipped with high-end integrated appliances and stylish surfaces, promoting a modern open-plan environment. Additionally, a separate utility room and a secondary kitchen enhance functionality, catering to diverse culinary needs and entertaining occasions. Equipped with a private gym, this residence supports an active lifestyle without requiring trips to external facilities. Outside, the generous plot not only offers ample off-street parking but also presents significant redevelopment potential. This space could be tailored for future extensions or even the creation of a self-contained annex (subject to planning permission), making it an ideal investment for those looking to enhance value over time. The location further contributes to its appeal, being close to essential services and transport links, ensuring that everyday conveniences are within easy reach. With its robust structure and ample land, this property stands as a canvas ready for someone with vision—making it a promising prospect for personal renovation or long-term investment in an area poised for growth.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£258/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£647,227
10% above area average per sq ft
Potential ROI
-0.4%
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

Ridgeway, 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
£2,015
Based on a loan of £412,500 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