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Hobson Road, Leicester

East Midlands

£255,000
Listed on 23/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
894 sqft

Description

This two-bedroom detached home, available with no onward chain, presents a compelling opportunity for renovation and investment. Situated in a desirable East Midlands location, the property features an inviting entrance hall that leads to a spacious through lounge adorned with a bay window and sliding doors that seamlessly connect to the rear garden. The fitted kitchen is functional but could benefit from modern updates, providing direct access to the outdoor space. Upstairs, you will find two well-sized bedrooms and a family bathroom, along with an additional storage room for convenience. A standout feature of this property is the adjoining land, previously granted planning permission, which enhances its development potential (subject to current approvals). The private rear garden is complemented by a detached garage and driveway, while the extra land opens up possibilities for expansion or additional amenities. With its blend of character and potential, this home is an ideal candidate for those looking to invest in a project or extend their living space in a sought-after area.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£285/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£284,842
10% above area average per sq ft
Potential ROI
+1.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 5.2%
5 year growth: 26.7%
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

Hobson Road, Leicester
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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
£920
Based on a loan of £191,250 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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