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24 Somerville Road, Leicester LE3 2ET

East Midlands

£130,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1119 sqft

Description

This detached bungalow, set in the desirable Rowley Fields area of Leicester, presents an excellent investment opportunity for those looking to undertake a refurbishment project. Boasting 2 to 3 bedrooms, this property offers significant potential for modernisation and enhancement. Its strategic location provides convenient access to both the city centre and essential amenities such as Fosse Park, Tesco, and major transport links including the M1 and M69 motorways. The layout includes an entrance hall leading to four versatile rooms that can be configured as three bedrooms with one reception or two bedrooms with two receptions. Additionally, there is a kitchen, family bathroom featuring an extra WC, two attic rooms ideal for conversion (subject to planning permissions), and a garage with a workshop area. The front and rear gardens further expand the property’s appeal. With necessary renovations, this property could significantly increase its value. Viewings are strongly encouraged to explore the full potential this bungalow has to offer.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -54.0% below area average per sq ft

-54.0%
Potential saving
This Property
£116/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£252
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£310,987
10% above area average per sq ft
Potential ROI
+82.9%
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
36%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 1.3%
5 year growth: 23.6%
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

24 Somerville Road, Leicester LE3 2ET
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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
£469
Based on a loan of £97,500 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.

Next Steps

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