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Evington Road, Leicester, LE2

East Midlands

£450,000
Listed on 30/12/2025

Property Details

Bedrooms
6
Type
Terraced house
Area
2999 sqft

Description

This substantial six-bedroom Victorian mid-terrace home spans four levels, offering a versatile layout ideal for transformation or investment. The large basement presents a prime opportunity for conversion into additional living space, subject to obtaining the necessary planning permissions. While the property boasts original character features and has been maintained over the years, there are areas where modernization can enhance its appeal further, particularly in the kitchen and bathrooms. The welcoming entrance hall leads to spacious reception rooms that can be reconfigured for better flow or to suit contemporary tastes. Each of the well-sized bedrooms offers potential for minor updates to create stylish personal spaces. Outside, the expansive rear garden is low-maintenance yet offers an inviting blank canvas for landscaping enthusiasts, and there's ample off-road parking available at the front. Located in a sought-after part of Leicester with excellent access to amenities and transport links, this property represents a promising investment opportunity for buyers looking to capitalize on its renovation potential.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -46.3% below area average per sq ft

-46.3%
Potential saving
This Property
£150/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£921,713
10% above area average per sq ft
Potential ROI
+84.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
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

Evington Road, Leicester, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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