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Spalding Street, Leicester, LE5

East Midlands

£295,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1023 sqft

Description

This three-bedroom terraced house in North Evington presents a solid opportunity for renovation-minded buyers and investors. Situated within a vibrant community, the property enjoys convenient access to local amenities, educational institutions, shops, and transport links. Its proximity to popular streets such as Green Lane Road provides plenty of options for dining and leisure activities. Inside, the layout features two expansive reception rooms that can serve both social and family needs, along with three well-sized bedrooms accommodating various living arrangements. Although the kitchen and bathroom are functional, they offer potential for modern upgrades to enhance their practicality further. The enclosed rear yard is another highlight; currently low-maintenance but ripe for development or landscaping enhancements, it allows for creative outdoor solutions pending necessary planning permissions. The home also benefits from dedicated on-street parking directly in front, making it accessible for both residents and guests. Overall, this property stands out not only as a comfortable residence but also as an enticing investment opportunity for those looking to improve or expand its utility.

Investment Analysis

(LE5 area)

Above Market Value

This property is priced +2.2% above area average per sq ft

+2.2%
This Property
£288/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
£317,616
10% above area average per sq ft
Potential ROI
-0.7%
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

Spalding Street, Leicester, 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
£1,064
Based on a loan of £221,250 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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