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Spencefield Lane, Leicester, Leicestershire, LE5 - Image 1
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Spencefield Lane, Leicester, Leicestershire, LE5

East Midlands

£500,000
Listed on 13/03/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1719 sqft

Description

This semi-detached residence, featuring 4 to 5 bedrooms, presents an excellent opportunity for investors or those looking to create their dream home in a desirable area of Leicester. Sold without an onward chain, the property offers a solid foundation with potential for modernization and expansion. The front driveway allows parking for multiple vehicles and leads to a functional store room, enhancing its practicality. Upon entering, you'll discover two reception areas: a bay-windowed lounge and a bright open-plan lounge/dining/kitchen that overlooks the garden and provides direct access outside. The kitchen is equipped with essential wall and base units, an electric hob, oven, utility room, and a convenient downstairs WC. The upper floor encompasses four or five bedrooms—three generous doubles with built-in wardrobes plus a single bedroom currently utilized as an office. The adaptable layout is ideal for families or professionals needing extra workspace. A modern bathroom complements the space with both a bath and shower. The spacious rear garden is particularly appealing, primarily laid to lawn with patio areas ideal for outdoor entertaining, while mature greenery ensures privacy. There’s further scope here to expand the property (subject to planning permission), making this not just a home but an investment opportunity. Located near Evington Park and local amenities along Uppingham Road, this property benefits from easy access to public transport links into Leicester city centre and beyond.

Investment Analysis

(LE5 area)

Above Market Value

This property is priced +3.1% above area average per sq ft

+3.1%
This Property
£291/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£533,707
10% above area average per sq ft
Potential ROI
-1.2%
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

Spencefield Lane, Leicester, Leicestershire, LE5
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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
£1,803
Based on a loan of £375,000 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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