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Hobson Road, Leicester, LE4

East Midlands

£245,000
Listed on 22/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
755 sqft

Description

This two-bedroom detached bungalow, situated in the desirable LE4 postcode, presents an exciting opportunity for renovation and investment. Located on a generously sized plot, this property combines the comfort of single-storey living with significant potential for enhancement. The interior features a light-filled lounge that serves as an inviting central space, complemented by two well-proportioned bedrooms. The fitted kitchen not only provides functionality but also offers pleasant views of the rear garden, setting the stage for future improvements. Outside, both front and rear gardens are well-maintained and provide a blank canvas for landscaping or outdoor projects. Additionally, the property includes a driveway with ample off-road parking and a detached garage—elements that add to its appeal and utility. Positioned in a quiet residential area, this bungalow is conveniently located within walking distance of local amenities, including supermarkets like Aldi and Asda Thurmaston Superstore. The vibrant Golden Mile is also nearby, offering a diverse range of restaurants, shops, and cultural experiences that enhance the community's liveliness. For families considering education options, the property is near several reputable schools such as Catherine Junior School, Herrick Primary School, and Soar Valley College. All are easily accessible by foot or car, making it an attractive location for family living. Commuters will appreciate the efficient transport links available from this neighborhood. Access to major roadways like the A563 (Outer Ring Road), as well as proximity to the A6 and A46 highways facilitate quick travel to surrounding areas including Loughborough and Nottingham—and direct access to the M1 motorway enhances connectivity further. Regular bus services also run into Leicester city center. In summary, this bungalow offers not just immediate comfort but also ample scope for renovation or expansion—subject to local planning consent—making it an appealing prospect for both homeowners and investors alike.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +11.6% above area average per sq ft

+11.6%
This Property
£325/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£241,592
10% above area average per sq ft
Potential ROI
-8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 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

Hobson Road, Leicester, LE4
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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
£897
Based on a loan of £183,750 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