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St. Michaels Avenue, Leicester

East Midlands

£220,000
Listed on 30/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terraced property in the Belgrave area of Leicester presents a promising opportunity for investors and homebuyers looking to add value. The spacious layout includes a lounge featuring a charming bay window, a separate sitting room, and an additional reception area that provides ample living space. The kitchen, equipped with essential fittings, opens directly to the rear garden, which could be transformed into an inviting outdoor area or extended upon (subject to planning permission). Upstairs, you’ll find two decent-sized bedrooms and a family bathroom that could benefit from modern updates. There is also potential for further enhancement by utilizing the loft space. With its generous proportions and adaptable floor plan, this property is ideal for those interested in a renovation project that could significantly increase its appeal and value in this desirable location.

Investment Analysis

(LE4 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.6%

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
68
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +22.3%
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

St. Michaels Avenue, Leicester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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