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Handley Street, Leicester, LE2 8RA

East Midlands

£220,000
Listed on 03/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
833 sqft

Description

This well-maintained property offers a welcoming atmosphere with ample potential for renovation and investment. The lounge, featuring engineered oak flooring and a multi-fuel burner, is inviting and bathed in natural light from the front-facing windows. Adjacent to the lounge is a flexible dining room that can easily transform into a home office or playroom, while still showcasing its original charm with an ornamental cast iron fireplace. The compact kitchen is functional and ready for everyday use but could benefit from modernization to enhance its usability and aesthetics. This space opens directly to the rear garden, which not only provides easy access for entertaining but also presents opportunities for enhancements or landscaping. The first-floor landing grants access to three well-proportioned bedrooms full of natural light—ideal for immediate occupancy yet capable of being further optimized or expanded upon over time. One major highlight is the loft area, which holds conversion potential pending necessary planning permissions, allowing future owners to increase living space significantly. The modern bathroom features contemporary fittings that elevate the overall design of the home. Outdoors, a low-maintenance garden leads to a brick-built storage unit, offering additional storage now but also exciting prospects for extension or further development with appropriate approvals. This property is not just a home; it's a canvas ripe for personalization and improvement.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -5.9% below area average per sq ft

-5.9%
Potential saving
This Property
£264/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£257,251
10% above area average per sq ft
Potential ROI
+0.9%
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
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: +13.6%
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

Handley Street, Leicester, LE2 8RA
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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
£793
Based on a loan of £165,000 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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