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The Newry, Glen Parva, Leicester, LE2

East Midlands

£240,000
Listed on 22/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom residence presents an exciting opportunity for renovation and investment, located in the desirable area of Glen Parva. Its spacious layout, spread across two levels, offers ample room for customization to fit modern living needs. Upon entering, you are greeted by a welcoming entrance hall that leads to a bright and airy living room. Adjacent to this is a separate dining room and an additional sitting room, allowing for versatile usage—whether for everyday relaxation or entertaining guests. The kitchen, positioned at the rear of the home, connects to a wet room and provides direct access to the garden, making it practical for day-to-day use. The second floor hosts three well-sized bedrooms along with a family bathroom, making it suitable for families or groups needing space. Outside, the property features a substantial rear garden complemented by a large outbuilding that includes both a garage and workshop area. This additional space is ideal for storage or hobbies and holds significant potential for development, subject to obtaining the necessary permissions. While the home requires modernisation throughout, it offers an excellent foundation for those looking to create their ideal living space. The combination of its generous dimensions and renovation potential makes this property particularly appealing to investors and buyers seeking a project in this sought-after location.

Investment Analysis

(LE2 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

The Newry, Glen Parva, 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
£879
Based on a loan of £180,000 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