Worst House on the Street Logo
Ringwood Road, Leicester, LE5 1SH - Image 1
Ringwood Road, Leicester, LE5 1SH - Image 2
Ringwood Road, Leicester, LE5 1SH - Image 3
Ringwood Road, Leicester, LE5 1SH - Image 4
Ringwood Road, Leicester, LE5 1SH - Image 5
Ringwood Road, Leicester, LE5 1SH - Image 6
Ringwood Road, Leicester, LE5 1SH - Image 7
Ringwood Road, Leicester, LE5 1SH - Image 8
Ringwood Road, Leicester, LE5 1SH - Image 9
Ringwood Road, Leicester, LE5 1SH - Image 10

Ringwood Road, Leicester, LE5 1SH

East Midlands

£200,000
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached residence is located in a well-established neighborhood, presenting an excellent investment opportunity for those looking to unlock potential value. The property requires extensive modernisation throughout, offering ample internal space and a classic layout that can be easily reconfigured or even extended (subject to relevant permissions). This makes it suitable for investors, developers, or families eager to craft their ideal long-term home. The ground floor features an entrance hall that flows into two distinct reception areas: a generously sized lounge and a dining room that allows for flexible use, whether as family living areas or a more open-plan setup. The kitchen, positioned at the rear of the property with direct garden access, holds significant potential for redesigning into an expansive kitchen-diner or an extended living area. The current layout is ripe for enhancement, providing opportunities to improve both flow and functionality. On the first floor, three bedrooms are available, comprising two spacious doubles and a smaller single room that could serve as a child's bedroom, an office, or dressing area. A separate family bathroom alongside a WC offers further potential for combining these spaces into a modern bathroom suite. Externally, the front garden presents possibilities for creating off-road parking (pending consents), while the back garden—currently overgrown—has the space and potential to become an attractive outdoor retreat. Additionally, there is a detached outbuilding that adds extra storage options or could be considered for redevelopment. Conveniently located near local amenities such as shops and schools, this property also benefits from strong public transportation links into Leicester city centre and easy access to major roadways like the A47 and A563. Overall, this home represents a promising refurbishment project with substantial prospects for resale or rental income once renovated.

Investment Analysis

(LE5 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Ringwood Road, Leicester, LE5 1SH
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.