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Grasmere Street, Leicester, Leicestershire, LE2 - Image 8
Grasmere Street, Leicester, Leicestershire, LE2 - Image 9

Grasmere Street, Leicester, Leicestershire, LE2

East Midlands

£160,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
901 sqft

Description

This three-bedroom terraced home in Leicester presents a compelling opportunity for buyers looking to undertake a renovation project. With no chain involved, it’s ideal for first-time buyers, investors, or developers seeking to add value in a desirable area. The ground floor features a lounge and separate dining room, each offering sufficient space for comfortable living. The kitchen is equipped with basic wall and base units along with a gas hob and electric oven, while the bathroom includes essential amenities such as a bath, w/c, and hand basin. A low-maintenance courtyard garden at the rear provides outdoor space that could be enhanced further. Upstairs houses two double bedrooms and one single bedroom—versatile spaces ready for modernization. This property holds an EPC rating of D and falls under Council Tax Band A. Strategically located within Leicester, the house enjoys proximity to local amenities, schools, and green areas like Victoria Park, perfect for leisure activities. Excellent transport links are also available via Leicester railway station with direct services to London St Pancras (approximately 1 hour 10 minutes), Nottingham, Derby, and Birmingham, alongside local bus routes connecting to the city center. Overall, this terraced property stands out as an attractive renovation project in a sought-after location with ample transport access and community services.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -36.4% below area average per sq ft

-36.4%
Potential saving
This Property
£178/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£276,913
10% above area average per sq ft
Potential ROI
+45.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on LE2 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

Grasmere Street, Leicester, Leicestershire, LE2
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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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