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Flax Road, Leicester, Leicestershire, LE4

East Midlands

£160,000
Listed on 25/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
943 sqft

Description

This three-bedroom mid-terraced house is situated in a vibrant locality just off Melton Road, offering a wealth of potential for those looking to invest in a renovation project. The property boasts spacious living areas adorned with original features, notably the high ceilings that amplify the sense of space in the living room, where an electric fireplace adds a touch of charm. The adjoining kitchen diner, alongside a lean-to and a family bathroom on the ground floor, presents an excellent groundwork for contemporary updates. On the upper level, you'll find three well-proportioned bedrooms, each filled with natural light and offering flexibility for layout changes or modern refurbishments. The master bedroom includes the convenience of its own W/C and wash hand basin. Additionally, the private rear courtyard garden is low maintenance, providing an ideal outdoor space. While this home requires significant renovation works, it stands as an outstanding opportunity for investors or first-time buyers eager to craft a personalized living environment in a desirable area of Leicester.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -41.8% below area average per sq ft

-41.8%
Potential saving
This Property
£170/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£302,269
10% above area average per sq ft
Potential ROI
+51.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +26.4%
Investment Disclaimer: Analysis based on LE4 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

Flax Road, Leicester, Leicestershire, LE4
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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
£577
Based on a loan of £120,000 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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