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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
Area
1719 sqft

Description

This semi-detached property boasts 4 to 5 bedrooms and presents an excellent opportunity for both renovation enthusiasts and investors. Located in a desirable residential area of Leicester, this home sits within close proximity to highly regarded schools and essential amenities. The front of the house features a driveway capable of accommodating multiple vehicles, along with a utility store that offers additional storage space. Inside, the layout includes two reception rooms: a cozy lounge with a bay window and an expansive open-plan lounge/dining/kitchen area that has direct access to the rear garden, providing ample natural light. The kitchen is equipped with standard wall and base units and includes an electric hob and oven, accompanied by a utility room and convenient downstairs WC. On the upper level, you find four/five bedrooms—three doubles with built-in wardrobes, plus a versatile single bedroom that could serve as an office or guest room. The modern bathroom is fully equipped with both a bath and separate shower. While the rear garden is primarily laid to lawn featuring a patio area, it offers significant potential for further enhancement or expansion (subject to planning permissions), making it attractive to future buyers. Given its location near Evington Park and local shops, as well as efficient transport links into Leicester city centre and beyond, this property holds promising investment potential for those looking to increase its value through thoughtful renovations.

Investment Analysis

(LE5 area)

Above Market Value

This property is priced +2.4% above area average per sq ft

+2.4%
This Property
£291/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£537,205
10% above area average per sq ft
Potential ROI
-1.4%
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
13%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.5%
5 year growth: +13.3%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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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