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Shanklin Drive, Leicester, LE2

East Midlands

£550,000
Listed on 18/04/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1615 sqft

Description

This spacious family residence presents a wealth of potential for renovation and modernization, situated in the desirable Shanklin Drive area. The property features substantial living space across two levels, ideal for families seeking adaptability or those interested in creating a home office environment. The ground floor showcases a variety of reception rooms, including a converted garage that currently serves as a study with shower facilities, along with a well-sized kitchen and multiple utility areas that might benefit from reconfiguration. The first floor boasts four generous bedrooms alongside a family bathroom and separate WC, all with ample natural light and character elements. Externally, the south-facing garden offers an excellent opportunity to enhance outdoor living spaces or develop further (subject to planning). In addition, there is a sizeable workshop outbuilding and detached garage which could be transformed into functional areas like additional workspace or storage solutions. This property holds significant investment potential for those willing to renovate and create their ideal living space.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +21.4% above area average per sq ft

+21.4%
This Property
£341/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£498,308
10% above area average per sq ft
Potential ROI
-16.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -0.4%
5 year growth: +10.7%
Investment Disclaimer: Analysis based on LE2 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

Shanklin Drive, Leicester, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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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