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Stokes Drive, Leicester, LE3

East Midlands

£280,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
904 sqft

Description

This spacious three-bedroom semi-detached house, positioned with a desirable southerly aspect garden, presents an excellent opportunity for buyers looking to invest in a property with significant potential for personalisation and refurbishment. The home, which has been well-loved by the same family for many years, is now on the market without any onward chain, allowing for a smooth transition for new owners ready to make their mark. Entering through a practical porch leads to a welcoming hallway that opens up to a cosy living room equipped with a fireplace feature—ideal for relaxation. A separate dining area offers versatility for family gatherings or entertaining guests, while the kitchen located at the rear provides pleasant views of the garden. Upstairs, the layout includes three bedrooms—two generous doubles and a single—alongside a family bathroom. Notable features include off-road parking, a carport, and a detached single garage that enhance convenience and storage options. The garden is particularly appealing; well-maintained with two lawn sections framed by mature plants and trees, it serves as an inviting retreat and includes access to additional storage facilities such as a shed and greenhouse. This property not only boasts solid foundations but also invites creativity in updating its interior spaces to suit modern living requirements.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +21.6% above area average per sq ft

+21.6%
This Property
£310/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£248
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£253,373
10% above area average per sq ft
Potential ROI
-16.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
81
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -0.9%
5 year growth: +17.7%
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

Stokes Drive, Leicester, LE3
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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
£999
Based on a loan of £210,000 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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