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Packer Avenue, Leicester Forest East, LE3 - Image 1
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Packer Avenue, Leicester Forest East, LE3

East Midlands

£225,000
Listed on 19/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
883 sqft

Description

This semi-detached three-bedroom home, situated in a sought-after area of the East Midlands, presents an excellent investment opportunity for those looking to put their personal touch on a classic property. While it requires a thorough refurbishment to modernize its interiors, the layout offers ample scope for enhancement and possible extension, subject to planning permissions. The spacious lounge/diner features a charming bay window and a traditional fireplace, creating a welcoming atmosphere. A conservatory adds additional reception space with pleasant views of the sizeable garden. The kitchen retains original Shaker-style cabinetry and provides potential for upgrades. Upstairs, the property includes two generously sized double bedrooms with fitted wardrobes and a smaller third bedroom, alongside a functional family bathroom that is ready for refurbishment. Outside, the front boasts a lawned area with side driveway access for multiple vehicles leading to a detached garage. The expansive rear garden primarily consists of lawn with established shrub borders and an inviting patio area, making it ideal for future landscaping projects.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +1.6% above area average per sq ft

+1.6%
This Property
£255/sq ft
Area Average
£251/sq ft
Avg Rent (weekly)
£266
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£243,699
10% above area average per sq ft
Potential ROI
-8.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 1.0%
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

Packer Avenue, 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
£824
Based on a loan of £168,750 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.

Next Steps

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