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Spencer Street, Oadby, LE2

East Midlands

£270,000

Listed on 19/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1033 sqft

Description

This three-bedroom townhouse, located in the desirable area of Oadby, offers a spacious layout and significant refurbishment potential. Spanning approximately 1,300 square feet, this property is ideal for homeowners and investors looking to capitalize on its charm and area appeal. The ground floor features a well-lit through lounge and dining area that presents a fantastic opportunity for modern reconfiguration or open-plan living enhancements. The kitchen, with access to the rear garden, is ready for updates to increase functionality and modern appeal. Additionally, an integral garage provides further options for conversion or use as extra storage. Upstairs consists of three sizable double bedrooms alongside a family bathroom and separate WC, ideal for family living or communal sharing among tenants. Outside, the private driveway enhances convenience while the large rear garden offers ample space for outdoor activities or potential extension projects (subject to planning permissions). Located within close proximity to popular shops, schools, and transport links, this property not only holds immediate rental potential at around £975 per month but also promises increased value through thoughtful modernization.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -7.7% below area average per sq ft

-7.7%
Potential saving
This Property
£261/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£321,630
10% above area average per sq ft
Potential ROI
+5.5%
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

Spencer Street, Oadby, 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
£1,020
Based on a loan of £202,500 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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