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Forest House Lane, Leicester Forest East, LE3

East Midlands

£350,000

Listed on 16/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1572 sqft

Description

This established, four-bedroom detached home by David Wilson presents a significant opportunity for renovation and expansion. Positioned in a quiet cul-de-sac on the desirable Forest House Lane, this property is ideal for buyers looking to transform it into their dream residence. The generous south-westerly facing rear garden, although currently overgrown, offers ample space for landscaping or extension. Internally, the home features a variety of living areas including a bay-windowed lounge that flows into the dining room with patio access to the garden. The breakfast kitchen and utility room provide functional spaces that could benefit from modern upgrades. Upstairs, you'll find a spacious master bedroom with fitted wardrobes and an en-suite shower room (currently non-operational), alongside three additional double-capable bedrooms and a family bathroom. With local amenities such as schools and shops nearby, along with no upward chain, early viewing is strongly recommended for those eager to embark on this renovation project.

Investment analysis

(LE3 area)

Below Market Value

This property is priced -13.4% below area average per sq ft

-13.4%
Potential saving
This Property
£223/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£444,318
10% above area average per sq ft
Potential ROI
-1.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Forest House Lane, Leicester Forest East, 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
£1,322
Based on a loan of £262,500 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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