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Stafford Leys, Leicester Forest East, LE3

East Midlands

£240,000

Listed on 12/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
796 sqft

Description

Introducing a three-bedroom semi-detached home that presents a remarkable opportunity for investors or those looking to create their ideal living space. This property, which comes with the advantage of no upward chain, is well-maintained yet offers ample potential for renovation and expansion, subject to obtaining the necessary planning permissions. The location is particularly appealing, featuring a driveway and garage, as well as a generous south-west facing rear garden that provides an excellent outdoor area. The internal layout welcomes you with an entrance hall leading to a bright and spacious through lounge/diner, enhanced by large windows that invite natural light. The kitchen is functional but could benefit from modernization; it currently includes white cabinetry, integrated electric oven and gas hob, along with space for additional appliances. Upstairs, you'll find three bedrooms—two sizable doubles and a single—along with a bathroom equipped with essential fixtures. External features include a well-kept lawn at the front, while the back boasts an expansive garden area designed for sunny enjoyment. With local primary schools, shops, and bus routes within walking distance, this property holds significant promise as both a family home and an investment opportunity.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +18.1% above area average per sq ft

+18.1%
This Property
£302/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£223,541
10% above area average per sq ft
Potential ROI
-18.7%
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
14%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.4%
5 year growth: +17.3%
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

Stafford Leys, Leicester Forest East, LE3
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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
£907
Based on a loan of £180,000 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.

Stamp Duty Calculator

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