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Park Drive, Leicester Forest East, Leicester, Leicestershire, LE3 - Image 1
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Park Drive, Leicester Forest East, Leicester, Leicestershire, LE3

East Midlands

£200,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
966 sqft

Description

This three-bedroom semi-detached residence in Leicester Forest East offers a promising opportunity for those looking to invest in their dream home. Nestled in a desirable community, the property is conveniently located near reputable schools and boasts easy access to major motorways, making it an ideal choice for commuters. Internally, while the spacious rooms and functional layout are appealing, the property is in need of renovation and modernization. This presents a unique chance for the new owner to enhance its value and customize it to their personal style. The standout feature is the expansive rear garden, which not only provides ample space for outdoor activities but also holds great potential for landscaping or possible extensions (subject to local planning regulations). Additionally, a garage and generous side space offer opportunities for further development or off-road parking. With significant refurbishment possibilities in this well-sought area, this property is an excellent project for families or developers aiming to unlock long-term value.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£207/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£269,847
10% above area average per sq ft
Potential ROI
+12.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
79
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -0.7%
5 year growth: +18.2%
Investment Disclaimer: Analysis based on LE3 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

Park Drive, Leicester Forest East, Leicester, Leicestershire, LE3
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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
£708
Based on a loan of £150,000 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.

Stamp Duty Calculator

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