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Oakland Avenue, Rushey Mead, Leicester, LE4

East Midlands

£450,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1604 sqft

Description

Nestled at the end of a tranquil and desirable cul-de-sac in the well-regarded area of Rushey Mead, this unique detached bungalow presents a compelling opportunity for those looking to craft a dream residence. Offered for sale for the first time since 1979, this cherished home stands on an expansive plot surrounded by lush greenery, marking it as an ideal candidate for modernization and enhancement. Upon entering, you are greeted by a spacious hallway that sets the tone for the generous proportions found throughout. The property features three sizeable double bedrooms, each equipped with built-in wardrobes. A particularly large lounge provides an inviting space for both relaxation and entertainment, while the open plan kitchen/dining area is designed for contemporary family living and includes extensive wall and base units alongside garden access. A bright conservatory offers additional views over the serene rear garden. The outdoor space is where this property truly excels; characterized by a woodland-style garden that is uncommon within urban settings, it provides a peaceful retreat complete with mature foliage and patio areas ripe for development into an exquisite outdoor space. Additional conveniences include off-road parking options, a side driveway leading to a tandem garage fitted with power and light. With close proximity to local amenities, schools, Watermead Country Park, and efficient transport links to Leicester city centre, this bungalow combines seclusion with accessibility. The potential here is vast—transforming this individually built gem into your forever home awaits your vision.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£281/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£509,471
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Oakland Avenue, Rushey Mead, Leicester, LE4
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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
£1,605
Based on a loan of £337,500 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.

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