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Wavertree Drive, Belgrave, Leicester

East Midlands

£250,000
Listed on 20/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

This three-bedroom semi-detached house on Wavertree Drive presents a valuable opportunity for investors and renovators. Without the constraint of onward chain, this property is ready for transformation. The layout includes a welcoming porch leading to an entrance hall that connects to a lounge, sitting room, and kitchen. Notable features include a bay window in the lounge, a fireplace, and double doors opening into the sitting room and conservatory that overlooks the spacious rear garden.<br><br>The kitchen is equipped with base units and offers flexibility with space for appliances, making it ripe for modernization. Moving upstairs, you will find three bedrooms; two generous doubles with built-in storage and a smaller third room perfect for an office or nursery. A family bathroom completes this floor with basic amenities in need of updating.<br><br>Additionally, there’s an ample-sized rear garden that not only provides privacy but also offers significant potential for landscaping or even expansion (subject to planning approval). The property is equipped with essential utilities including mains gas and electricity, providing a solid foundation for renovation work. With its location in the East Midlands and good transport links nearby, this home represents a worthwhile investment for those looking to add value through refurbishment.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£273/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£291,533
10% above area average per sq ft
Potential ROI
+0.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +5.2%
5 year growth: +26.7%
Investment Disclaimer: Analysis based on LE4 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

Wavertree Drive, Belgrave, 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
£902
Based on a loan of £187,500 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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