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Surrey Street, Belgrave, Leicester

East Midlands

£250,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
775 sqft

Description

This two-bedroom mid-terraced house is situated in the desirable Belgrave area of Leicester, offering significant potential for future enhancements. While the property is currently in a move-in condition, it presents an appealing opportunity for renovation and expansion, especially with the possibility of extending (subject to planning permission). The rear garden includes a brick-built outbuilding and provides easy access through a shared passage, making it suitable for various outdoor improvements or landscaping projects. Internally, you will find a welcoming lounge with modern features and good-sized bedrooms equipped with built-in storage. The well-equipped kitchen and family bathroom offer functional spaces that could also benefit from contemporary updates. This property could be an excellent investment for first-time buyers or home renovators looking to create their ideal living space.

Investment analysis

(LE4 area)

Above Market Value

This property is priced +10.7% above area average per sq ft

+10.7%
This Property
£323/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £15,000
Target Value
£248,376
10% above area average per sq ft
Potential ROI
-6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
Investment Disclaimer: Analysis based on LE4 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

Surrey Street, Belgrave, Leicester
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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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