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Heacham Drive, Leicester, Leicestershire

East Midlands

£220,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
762 sqft

Description

This 1950s home presents an intriguing opportunity for renovation and investment, making it ideal for those looking to create a personalized living space or capitalize on its potential in a desirable location. The property features two spacious bedrooms, each offering ample room that could be reconfigured to meet evolving needs, including the possibility of converting one into two smaller bedrooms. Upon entering, you're greeted by a welcoming entrance hall that provides convenient understairs storage. The expansive lounge/dining area is bathed in natural light, offering a versatile layout for comfortable living and entertaining. The kitchen, located at the rear of the home, includes a variety of wall and base units and has direct access to the sizable garden, enhancing the potential for an open-plan design. Upstairs, you'll find two well-sized bedrooms accompanied by a family bathroom featuring essential amenities. The property’s outdoor space is particularly noteworthy; the mature garden is well-maintained and offers various possibilities for landscaping or even expanding outdoor living areas. Additionally, there is a brick shed for extra storage and side access leading to the front. The front of the property boasts a driveway with space for multiple vehicles, adding to its practicality. With local amenities just minutes away and the potential to modernize this home into a contemporary family haven, this property stands out as a valuable investment opportunity for those willing to make it their own.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -0.8% below area average per sq ft

-0.8%
Potential saving
This Property
£289/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£243,832
10% above area average per sq ft
Potential ROI
-6.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Heacham Drive, Leicester, Leicestershire
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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
£806
Based on a loan of £165,000 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