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Sherrard Road, Leicester, LE5

East Midlands

£220,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
800 sqft

Description

This traditional two-bedroom mid-terrace property presents a promising opportunity for those looking to invest in Leicester's thriving residential market. While the home requires modernisation, it offers significant potential for transformation tailored to personal tastes. The layout is practical, featuring a front living room and separate dining area that can serve as versatile spaces for relaxation or dining. The kitchen is functional but would benefit from updates to enhance usability and aesthetic appeal. Upstairs, two spacious double bedrooms provide comfortable sleeping quarters, along with a sizeable first-floor bathroom that offers opportunities for redesign. Outside, the low-maintenance courtyard garden could be revitalised into an inviting outdoor space. Located conveniently near local amenities, educational institutions, and transport links, this property is ideally situated for both city access and community living.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -3.4% below area average per sq ft

-3.4%
Potential saving
This Property
£275/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£250,492
10% above area average per sq ft
Potential ROI
+2.2%
After renovation
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

Sherrard Road, Leicester, LE5
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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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