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Lyle Close, Rushey Mead, Leicester - Image 1
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Lyle Close, Rushey Mead, Leicester

East Midlands

£230,000
Listed on 07/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
593 sqft

Description

This two-bedroom mid-town house located in the desirable area of Rushey Mead presents a promising opportunity for renovation and investment. The property boasts a conservatory that enhances the living space and overlooks a private, enclosed garden, which also has potential for further development, pending necessary planning permissions. The front garden is well-kept with gravel and slabs, providing manageable outdoor space alongside a practical storage shed. Internally, the layout includes a welcoming porch leading to an entrance hall with access to a compact kitchen equipped with essential amenities and an inviting lounge area that connects seamlessly to the conservatory. Upstairs, there are two comfortably sized bedrooms featuring built-in storage, complemented by a family bathroom. For potential investors or first-time buyers looking to make their mark, this property offers room for modern updates while maintaining its overall functionality. Its location is ideal for families due to proximity to schools and local conveniences such as shops and public transport links into Leicester city centre. Offered with no onward chain, this could be an appealing project for those willing to invest in enhancements that will elevate its charm and utility.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +33.1% above area average per sq ft

+33.1%
This Property
£388/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£190,080
10% above area average per sq ft
Potential ROI
-28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +26.4%
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

Lyle Close, Rushey Mead, 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
£830
Based on a loan of £172,500 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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