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Grasmere Street, Leicester

East Midlands

£190,000
Listed on 19/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
850 sqft

Description

Presenting a promising investment opportunity, this three-bedroom mid-terraced house is available with no upward chain and is ideal for buyers looking to enhance its value through refurbishment. Perfectly suited for both investors and first-time buyers eager for a project, this property offers significant potential for transformation. The layout spans two floors, featuring gas central heating and double-glazed windows throughout. The ground floor hosts an inviting entrance hall, a spacious lounge that flows into a separate dining area, a fitted kitchen ready for modernisation, and a convenient ground-floor bathroom. This arrangement provides ample scope for reconfiguration to suit contemporary living styles. Upstairs, you'll find three well-sized bedrooms that can easily adapt to personal needs for living or working space. The straightforward design of the property makes it an excellent candidate for cosmetic upgrades. Outside, the low-maintenance paved courtyard garden ensures private outdoor space while an additional outside store offers practical storage solutions. Gated side access adds further convenience. Strategically located near Leicester University and the city centre, this property also enjoys proximity to local healthcare facilities like Leicester Royal Infirmary and efficient transport links to various hospitals. Overall, the central position combined with the existing condition of the property presents a solid foundation on which to create value through thoughtful renovations.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£224/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£259,322
10% above area average per sq ft
Potential ROI
+20.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 1.4%
5 year growth: 18.1%
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

Grasmere 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
£696
Based on a loan of £142,500 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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