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Myrtle Road, Leicester

East Midlands

£199,950

Listed on 18/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
811 sqft

Description

This property presents a noteworthy investment opportunity in the Highfields area of Leicester, featuring a split-use design that includes both commercial and residential spaces. While it requires comprehensive upgrading throughout, the potential for generating dual income streams makes it particularly attractive. The ground floor accommodates a shop front alongside a reception room and kitchen with access to a small rear yard, suitable for various business ventures. The self-contained flat on the first floor, accessed via its own staircase, offers spacious living arrangements with two bedrooms, a lounge, and bathroom facilities. Investors can explore options for letting both spaces independently or refurbishing to enhance overall value and functionality. With no onward chain, this property is ready for acquisition and renovation to unlock its full potential.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -12.9% below area average per sq ft

-12.9%
Potential saving
This Property
£247/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£252,509
10% above area average per sq ft
Potential ROI
+1.0%
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

Myrtle Road, Leicester
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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
£755
Based on a loan of £149,962 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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