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Shanklin Drive, South Knighton, Leicester, LE2 - Image 1
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Shanklin Drive, South Knighton, Leicester, LE2

East Midlands

£495,000

Listed on 06/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1571 sqft

Description

This three-bedroom detached residence, available on the market for the first time in over sixty years, presents an outstanding opportunity for renovation and personalization. Nestled in a desirable area of Leicester, this property retains a significant amount of its original character, offering a solid foundation for modern updates. From the moment you step into the inviting entrance hall featuring a classic timber staircase, the home showcases a spacious lounge with natural light flooding through its charming bay window and an appealing fireplace. Moving towards the rear, the separate dining/sitting room boasts full-height French doors leading to an extensive garden, complemented by a quaint brick fireplace and built-in alcove recesses that enhance its charm. The kitchen is ready for modernization but offers good functionality with existing base and wall units along with an additional pantry for storage. Recent installations include a new Worcester Bosch Combi Boiler, ensuring some essential upgrades are already in place. Completing this level are a convenient ground floor WC and under stairs storage. Upstairs houses three generously sized double bedrooms, including an impressive principal bedroom with ample fitted wardrobes and views from its expansive bay window. A second bedroom overlooks the lush garden while a third bedroom provides comfortable accommodation; additional storage is available via a box room off the landing. The outdoor space boasts a mature and private rear garden filled with established flora, alongside seating areas and two useful brick stores. With an integral garage accessible from both front and rear aspects and off-road parking available for multiple vehicles on the block-paved driveway, this property not only offers considerable living space but also potential to extend or remodel pending necessary planning consents. Situated in South Knighton—approximately two miles from Leicester city centre—this home enjoys convenient access to local amenities including frequent public transport links and proximity to parks, universities, shops, and recreation facilities. Given its condition and size, this property is ideal for those looking to invest in creating their dream family home.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£315/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£489,139
10% above area average per sq ft
Potential ROI
-8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -1.4%
5 year growth: +10.0%
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

Shanklin Drive, South Knighton, Leicester, LE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,870
Based on a loan of £371,250 over 30 years at 4.45% 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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