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Ridley Street, Westcotes

East Midlands

£150,000
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
869 sqft

Description

This two-bedroom mid-terrace property presents a promising opportunity for buyers interested in a renovation project. The layout includes a front lounge that seamlessly connects to a separate dining area, along with a kitchen featuring access to a small lobby. This lobby leads to a convenient ground floor shower room and out into the rear garden. Upstairs, you'll find two generously sized bedrooms accompanied by a family bathroom. The exterior is complemented by an easily manageable enclosed garden at the back, ideal for creating an outdoor space. Notably, the house requires comprehensive modernisation throughout, making it an excellent choice for investors or homeowners eager to enhance its value through refurbishment. Situated on Ridley Street, between Shaftesbury Road and Hinckley Road in Westcotes, this property is conveniently located within walking distance of Narborough Road, which offers a variety of everyday amenities including shops, dining options, and public transport links providing easy access across Leicester and beyond. With the M1/M69 motorways nearby, this location offers both convenience and potential for those willing to invest time and resources into transforming the space.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£173/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£241,317
10% above area average per sq ft
Potential ROI
+27.0%
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

Ridley Street, Westcotes
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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
£541
Based on a loan of £112,500 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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