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38 Spring Gardens, Leicester, Leicestershire, LE9 4DX - Image 1
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38 Spring Gardens, Leicester, Leicestershire, LE9 4DX

East Midlands

£130,000Guide Price

Listed on 03/07/2026

Property details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom end of terrace house presents a promising opportunity for renovation and investment. Situated in a well-connected area just south-west of Leicester, the property is let on a regulated tenancy generating an annual income of £4,264. The home requires updating throughout, allowing potential buyers to add their personal touch and potentially enhance its value significantly. It also features a rear garden, which could be an attractive asset once improved. With nearby shopping and recreational facilities, as well as excellent transport links via the M69 motorway and local rail stations, this property is well-placed for both immediate rental income and future capital growth.

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Investment analysis

(LE9 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE9)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.5%
5 year growth: +8.8%
Investment Disclaimer: Analysis based on LE9 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

38 Spring Gardens, Leicester, Leicestershire, LE9 4DX
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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
£491
Based on a loan of £97,500 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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