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Barclay Street, Leicester

East Midlands

£185,000
Listed on 16/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
1152 sqft

Description

This two-bedroom terraced house presents a valuable opportunity for first-time buyers and investors alike, with the potential to transform it into a personalized living space. Situated in a well-connected area with easy access to amenities, this property has a practical layout ripe for modernization. The home is equipped with uPVC double glazing and gas central heating, ensuring comfortable living conditions. Upon entering, you will find an inviting hallway leading to two spacious reception rooms that offer versatile options for use; envision creating an inviting lounge or perhaps a dedicated dining area alongside a home office. The kitchen, while updated recently, remains open to further enhancement and is well-equipped with functional cabinetry and sufficient worktop space for appliances. On the upper floor, you will discover two adequately sized bedrooms complemented by a modern bathroom fitted with contemporary fixtures. Outside, the enclosed rear garden offers a blank canvas for landscaping or personalisation, enhancing its use as an outdoor retreat. With solid structural fundamentals and sensible proportions throughout, this property is primed for future value addition through renovation. Early viewing is strongly recommended to fully appreciate its potential.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -36.4% below area average per sq ft

-36.4%
Potential saving
This Property
£161/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£319,905
10% above area average per sq ft
Potential ROI
+52.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.3%
5 year growth: +21.8%
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

Barclay Street, Leicester
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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
£667
Based on a loan of £138,750 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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