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Somerfield Way, Leicester Forest East, LE3 - Image 1
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Somerfield Way, Leicester Forest East, LE3

East Midlands

£390,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1087 sqft

Description

This three-bedroom detached bungalow is situated on a substantial corner plot, offering notable opportunities for renovation and investment. With the advantage of no upward chain, this property presents an appealing option for those looking to customize their living space or enhance its value through modern updates. The layout includes a welcoming entrance hall that provides access to various rooms. The spacious lounge features a bay window that allows natural light to flood in, creating a warm atmosphere. It flows seamlessly into the dining room, which is perfect for entertaining and leads to a conservatory constructed from brick and uPVC, providing lovely views of the surrounding garden. The kitchen comes equipped with Shaker-style cabinetry and essential appliances, while a utility room offers additional function and direct access to the garden. The accommodation comprises three bedrooms; the master features an en-suite shower room, while the second bedroom is also generously sized. A third bedroom could serve as an ideal office space or guest room. The family bathroom includes necessary amenities such as a panelled bath with shower over. Externally, the property boasts extensive wraparound gardens that are well-maintained and include a shaped lawn and established shrubbery. A driveway provides off-road parking for multiple vehicles and leads to a double detached garage complete with power and lighting. Located within easy walking distance of local shops, healthcare facilities, regular bus routes, and parkland, this property not only offers comfortable living but also holds significant potential for expansion or modernization (subject to necessary consents). Whether you're an investor or looking for a project to make your own, this bungalow presents numerous possibilities in a sought-after area.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +42.0% above area average per sq ft

+42.0%
This Property
£359/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£302,153
10% above area average per sq ft
Potential ROI
-27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 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

Somerfield Way, Leicester Forest East, LE3
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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
£1,429
Based on a loan of £292,500 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