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Balfour Street, Leicester

East Midlands

£200,000
Listed on 11/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
872 sqft

Description

This three-bedroom mid-terraced home presents an opportunity for those looking to invest or to customize a property in a desirable area. Located in the Frog Island region, this residence is well-positioned near Leicester city center and De Montfort University, offering easy access to local amenities and public transport. The ground floor boasts an open-plan lounge and dining area that benefits from natural light through dual aspect windows. This spacious layout encourages flexible use of the space, whether for relaxation or entertaining. The adjoining kitchen comes equipped with essential appliances, including an integrated oven and gas hob, as well as plumbing for additional appliances. A UPVC door provides convenient access to the rear garden. Upstairs, you will find three well-sized bedrooms, each with carpeted flooring and ample storage options. The modern family bathroom features a shower cubicle and contemporary fittings. The outdoor space consists of a private slabbed garden surrounded by a brick perimeter, ideal for low-maintenance enjoyment. There is also potential for expansion or landscaping improvements with the appropriate planning permissions. This property not only offers comfortable living but also substantial potential for renovation and value enhancement, making it suitable for both first-time buyers aiming to personalize their home or investors seeking opportunities in a thriving location. With its combination of functional living areas, strategic location, and investment potential, this property invites you to explore its possibilities further.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -9.2% below area average per sq ft

-9.2%
Potential saving
This Property
£229/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £15,000
Target Value
£242,390
10% above area average per sq ft
Potential ROI
+12.7%
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

Balfour Street, Leicester
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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
£733
Based on a loan of £150,000 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