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Ringers Spinney, Oadby, Leicester

East Midlands

£650,000
Listed on 18/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1001 sqft

Description

Nestled within a serene residential area known for its desirability, this detached three-bedroom bungalow stands on an expansive plot of around 0.3 acres, providing a promising canvas for redevelopment or refurbishment with the potential for extension, pending local planning permissions. The single-story layout offers approximately 1,001 sq ft of living space, making it ideal for those looking to invest in property improvement. The entryway features an L-shaped hall that connects to all key rooms, accompanied by practical built-in storage solutions. The spacious reception area includes a bay window that welcomes natural light, complemented by patio doors that lead directly into the generous rear garden—an attractive feature ripe for enhancement. The kitchen is functional yet dated, containing various wall and base units and overlooking the green expanse of the backyard. The accommodation includes three bedrooms: two sizeable doubles and a smaller third room which can easily serve as a bedroom, study, or hobby space. The bathroom is equipped with basic amenities including a bath and hand basin, supplemented by a separate WC for convenience. The vast rear garden is primarily grassed and extends far back, showcasing excellent potential for further development or landscaping projects (subject to obtaining necessary approvals). Additionally, there’s ample off-street parking available on the driveway for numerous vehicles. Please note that while there is a gas supply to the property, it has been capped off since February 2025 due to an issue with the boiler; consequently, there is currently no functioning central heating system in place.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +132.4% above area average per sq ft

+132.4%
This Property
£649/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£307,647
10% above area average per sq ft
Potential ROI
-56.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
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

Ringers Spinney, Oadby, 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
£2,344
Based on a loan of £487,500 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.

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