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Colchester Road, Leicester

East Midlands

£250,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This spacious three-bedroom semi-detached property is located in the sought-after Thurncourt area of Leicester and presents a valuable opportunity for renovation and modernisation. The first floor features three ample bedrooms along with a family bathroom, while the ground floor includes a bright bay-fronted living room, a separate dining room, and a kitchen at the rear that provides access to a generous garden. There is significant potential to reconfigure the layout into an open-plan living space to suit contemporary tastes, pending necessary permissions. The substantial rear garden enhances the appeal of this property, offering plenty of outdoor space for families and potential for future extensions or landscaping projects. Although the home requires some updating and general maintenance, it is an excellent candidate for first-time buyers or investors looking to tailor their living space or rental property according to personal preferences. Situated within close proximity to local amenities, schools, and transport links into Leicester city centre, this area is well-established and popular among families, making it a viable long-term investment.

Investment Analysis

(LE5 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE5)

Area prices are falling by -2.1% over the last 12 months
3 year growth: +3.4%
5 year growth: +14.5%
Investment Disclaimer: Analysis based on LE5 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

Colchester Road, 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
£892
Based on a loan of £187,500 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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