Tewkesbury Street, Leicester
East Midlands
£150,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
1014 sqftFeatures
- Garden
- Parking
Description
This two-bedroom terraced house has two reception rooms, a spacious kitchen and a first-floor wet room. A loft room provides additional usable space. The property is described as requiring modernisation throughout, offering scope for a purchaser to update the accommodation to suit their needs.
Outside, there is an enclosed courtyard garden at the rear, with on-street parking available to the front. The house is freehold and falls within Council Tax Band A. It is situated just off Tudor Road, with local shops, schools and places of worship nearby, and access to Leicester city centre by road and public transport.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £150,000, this two-bedroom terrace is priced at about £148 per sq ft, well below the local average of £257, making the asking price a clear acquisition opportunity. The two reception rooms, spacious kitchen, loft room and enclosed courtyard give the project plenty of scope to reshape and personalise, while the pictured interiors offer a broad canvas for new finishes, flooring and updated fittings. The loft room and rear outbuilding are worth inspecting to establish their condition and suitability.
This is a substantial project rather than a cosmetic refresh: dated and worn finishes show across several rooms, and the loft room looks particularly unfinished. The £35,000–£65,000 renovation range reflects the scale of work to plan for. The score is supported by the low asking price and strong economics, though the location rating is more moderate.
Key opportunities
- Rework and personalise the two reception rooms, with scope to refresh their dated finishes and older fireplaces.
- Use the loft room as a distinctive part of the project, subject to inspection of its condition and suitability.
- Renew the dated kitchen and improve the enclosed courtyard to create a more cohesive, usable home.
Key risks
- Worn or incomplete-looking finishes across several rooms, debris in a reception room and the unfinished-looking loft make this a substantial programme; allow £35,000–£65,000 and plan for more than a cosmetic refresh.
- The rear outbuilding/store needs closer inspection to establish its condition and suitability.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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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