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Wordsworth Road, Knighton Fields, Leicester, LE2 - Image 1
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Wordsworth Road, Knighton Fields, Leicester, LE2

East Midlands

£190,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
937 sqft

Description

This two-bedroom mid-terraced house, located in the sought-after Knighton Fields area of Leicester, presents a notable opportunity for both investors and first-time buyers aiming to create their ideal home. Currently available with vacant possession, this property is ripe for refurbishment, offering the potential for significant rental income of around £1050 PCM once modernised. The layout features two generously sized reception rooms, a fitted kitchen equipped with essential amenities, two comfortable double bedrooms, and a first-floor bathroom. The exterior includes an easy-to-maintain private rear garden that provides access to a communal alleyway. The property requires comprehensive modernisation throughout; including updating the electrical system, which positions it as an excellent value-added project for those looking to enhance capital appreciation and maximize rental yields. The surrounding area boasts convenient access to local shops, cafes, bars, restaurants, as well as schools and public transport links that make commuting straightforward. This property is ideal for renovation enthusiasts keen on transforming a space into something uniquely valuable.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -28.3% below area average per sq ft

-28.3%
Potential saving
This Property
£203/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£291,327
10% above area average per sq ft
Potential ROI
+21.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
76
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -2.0%
5 year growth: +8.5%
Investment Disclaimer: Analysis based on LE2 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

Wordsworth Road, Knighton Fields, Leicester, LE2
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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
£678
Based on a loan of £142,500 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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