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Florence Road, Spinney Hills

East Midlands

£230,000
Listed on 29/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
764 sqft

Description

This three-bedroom mid-terrace property is situated in the sought-after neighborhood of Spinney Hills, presenting a unique opportunity for renovation enthusiasts and investors. The layout includes three bedrooms located on the upper floor, while the ground floor features a convenient bathroom. Given its current condition, this property is ripe for transformation, allowing new owners to customize the space to their taste and potentially enhance its value significantly. The lack of an onward chain facilitates a quicker transaction, appealing to those eager to embark on their renovation journey without delay. The location itself is another attractive feature; Spinney Hills boasts a vibrant community atmosphere with a range of local amenities, schools, and parks nearby. This area is known for its strong rental demand and potential for capital appreciation, making it an excellent choice for investors looking to build or expand their portfolio. Whether you're aiming to renovate as your own residence or as an investment property, this home offers ample possibilities in a desirable locale.

Investment Analysis

(LE5 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£301/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£238,379
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE5)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 8.3%
5 year growth: 24.8%
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

Florence Road, Spinney Hills
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE