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Ivy Road, Leicester, LE3

East Midlands

£150,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
780 sqft

Description

This two-bedroom terraced home presents a promising opportunity for renovation and investment, conveniently located just to the west of Leicester City Centre. It features a traditional layout with a front reception room, a rear reception room, and a functional kitchen. On the upper floor, you will find two generously sized double bedrooms accompanied by a family bathroom. The property includes gas central heating and UPVC double glazing, along with a rear garden that adds outdoor space potential. Ideal for first-time buyers eager to add personal touches or investors looking to enhance value through refurbishment, this home is within close proximity to local amenities on Narborough Road and Fosse Park Shopping Centre. The vibrant Leicester City Centre is also easily accessible, with parks like Braunstone Park nearby for leisure activities. Excellent transport links further enhance its appeal, making commuting straightforward. Whether you aim to create a stylish modern residence or secure a solid rental asset in this thriving area, this property offers substantial potential for enhancement.

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Investment analysis

(LE3 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£192/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£220,463
10% above area average per sq ft
Potential ROI
+26.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Ivy Road, Leicester, LE3
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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
£567
Based on a loan of £112,500 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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