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Raymond Road, Leicester

East Midlands

£160,000
Listed on 10/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
812 sqft

Description

This three-bedroom terraced house presents a compelling opportunity for those interested in renovation projects. Located within the LE3 area of Leicester, renowned for its strong rental demand, this property is ideally suited for investors or buyers keen on modernising a home with significant potential. The ground floor consists of a lounge featuring traditional decor along with a kitchen and rear bathroom, all spaces ripe for contemporary upgrades and reconfiguration to meet modern living standards. Upstairs, you will find three generously sized bedrooms that offer versatility—perfect for family living or as rental units. The property's layout allows for creative enhancements that can greatly increase its value. Outside, the rear garden provides an area to transform into an inviting outdoor retreat. With its proximity to local amenities, transport links, and Leicester city centre, this property is positioned well to attract future tenants or families looking for convenient urban living. A project like this holds excellent promise for those willing to invest time and resources into renovations.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -22.0% below area average per sq ft

-22.0%
Potential saving
This Property
£197/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£252
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£225,667
10% above area average per sq ft
Potential ROI
+15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +1.3%
5 year growth: +23.6%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 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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