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59 Cranmer Street, Off Hinckley Road, Leicester, LE3 0QB - Image 1

59 Cranmer Street, Off Hinckley Road, Leicester, LE3 0QB

East Midlands

£70,000
Listed on 22/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace property represents an excellent renovation opportunity for savvy investors or those looking to create a comfortable home tailored to their needs. With a layout that includes a front reception room, living space, kitchen, and utility area on the ground floor, alongside two bedrooms and a bathroom upstairs, the potential to enhance both aesthetics and functionality is significant. Situated conveniently off Hinckley Road, this property provides easy access to Leicester City Centre, De Montfort University, and Leicester Royal Infirmary – making it an attractive option for renters. The private rear yard also offers scope for outdoor improvements. Given the property's current state, it is ideal for modernisation efforts to increase value and appeal in today's market.

Investment Analysis

(LE3 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.3%

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
74
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.3%
5 year growth: +21.8%
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

59 Cranmer Street, Off Hinckley Road, Leicester, LE3 0QB
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£252
Based on a loan of £52,500 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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