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Holmfield Avenue East, Leicester, LE3 3FD

East Midlands

£250,000

Listed on 30/06/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
712 sqft

Description

This two-bedroom detached bungalow, set on an expansive plot in the desirable Holmfield Avenue East, presents a rare opportunity for renovation enthusiasts and investors alike. The property requires comprehensive modernization, making it an ideal blank slate for those looking to customize their living space according to personal style and needs. With a substantial garden and off-road parking for multiple vehicles, there is significant potential for extension or improvement (subject to necessary planning permissions). While the existing layout includes generous living spaces such as a bright living room, a kitchen linked to a conservatory, and well-proportioned bedrooms, buyers will find ample scope to reimagine this home as they see fit. Offered with no onward chain and through the modern method of sale, this bungalow is ready to be transformed into a remarkable residence in a sought-after area.

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Investment analysis

(LE3 area)

Above Market Value

This property is priced +36.7% above area average per sq ft

+36.7%
This Property
£351/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£201,243
10% above area average per sq ft
Potential ROI
-32.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
73
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -0.8%
5 year growth: +15.2%
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

Holmfield Avenue East, Leicester, LE3 3FD
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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
£944
Based on a loan of £187,500 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.

Stamp duty calculator

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