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Fastnet Road, Thurnby Lodge, Leicester

East Midlands

£160,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in the Thurnby Lodge area of Leicester presents a prime opportunity for renovation and investment. Located conveniently near Scraptoft Lane, residents will benefit from nearby local amenities, schools, and good public transport links to Leicester city centre. The property's layout includes an entrance area leading to a lounge with a gas fireplace, a kitchen with essential fixtures but in need of modernisation, a utility/WC room that provides access to the rear garden, and three bedrooms upstairs. The bathroom is equipped with basic facilities yet could be enhanced significantly. Outside, there's a manageable front garden and a spacious rear garden enclosed by wooden fencing, ideal for those looking to create an outdoor oasis. This property is available for cash buyers only and requires upgrading works throughout to unlock its full potential.

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Investment analysis

(LE5 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.2%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on LE5 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

Fastnet Road, Thurnby Lodge, Leicester
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Mortgage calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 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

Next Steps

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