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Raymond Road, Leicester

East Midlands

£176,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced house, conveniently located just off Narborough Road, offers a promising opportunity for both first-time buyers and investors in the rental market. Its prime position affords easy access to local amenities such as shops, cafes, supermarkets, and well-regarded schools. Public transport links provide straightforward connections to Leicester city centre and major road routes, enhancing its appeal as a commuter-friendly property. The current owners have made some thoughtful upgrades, including modern flooring and fitted wardrobes in both bedrooms that optimize storage solutions. The ground floor features two spacious reception rooms that provide versatility for various uses—either as comfortable living spaces or a home office setup. The fitted kitchen is functional with an array of storage options and direct access to a rear courtyard, which could be transformed into an inviting outdoor entertaining area. Upstairs, two well-sized bedrooms also come with fitted wardrobes, maximizing usability while retaining a cozy atmosphere. The family bathroom is equipped with essential fixtures in a practical layout. Externally, the rear paved courtyard requires minimal upkeep and includes a brick-built outbuilding that can serve as additional storage. Overall, this property presents significant potential for renovation or enhancement that could increase its value further in this desirable residential locale.

Investment Analysis

(LE3 area)
Area Average
£254/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Raymond Road, Leicester
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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
£623
Based on a loan of £132,000 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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