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Netherhall Road, Leicester, Leicestershire

East Midlands

£220,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
893 sqft

Description

Nestled in the desirable LE5 area of Leicester, this three-bedroom home on Netherhall Road offers a promising canvas for those looking to infuse their personal touch. The absence of a chain simplifies the buying process, making it an attractive choice for first-time purchasers and investors alike. While the property requires some modernization, the necessary updates are manageable and offer substantial potential for both value enhancement and personalization through relatively straightforward renovations. The entrance hallway leads to a bright reception room on the left, creating a welcoming atmosphere. At the rear, there is a spacious kitchen diner perfect for family gatherings, complete with direct access to a garden that invites outdoor entertaining during warmer months. The first floor features three bedrooms—two generously sized doubles and a single room that could serve as a child's bedroom, home office, or guest area—along with a family bathroom enhancing functionality. Situated conveniently within LE5, residents will enjoy excellent local amenities, reputable schools, and easy transport links to Leicester city centre. With robust rental demand in the area and clear opportunities for improvements that could increase value significantly, this property presents an excellent investment prospect or a wonderful opportunity to craft a cherished family residence. Immediate viewing is encouraged to fully appreciate the possibilities that await.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£246/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£277,254
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +5.9%
5 year growth: +19.2%
Investment Disclaimer: Analysis based on LE5 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

Netherhall Road, Leicester, Leicestershire
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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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