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Gilmorton Avenue, Leicester, LE2

East Midlands

£250,000

Listed on 20/07/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
560 sqft

Description

This two-bedroom semi-detached property offers a unique opportunity for buyers looking to invest in a home with considerable potential for further development. Nestled in the desirable Glen Parva area, it provides convenient access to local amenities and major transport links including the M1 and M69. The residence has already undergone thoughtful renovations that enhance its appeal, showcasing a contemporary design throughout. The entrance opens into a bright lounge that flows seamlessly into a modern kitchen, equipped with high-end fittings and integrated appliances—ideal for both everyday living and hosting gatherings. Both bedrooms offer flexibility, suitable for various needs whether as guest rooms, home offices, or nurseries. The bathroom’s modern fixtures complement the overall aesthetic of the property. A notable feature is the landscaped rear garden, which is fully enclosed for privacy and safety. It includes a spacious patio perfect for outdoor dining and an inviting lawn area for recreational activities. Additionally, a stylish timber-clad garden room adds value as it can serve multiple purposes such as a home office or gym. An outdoor storage shed is also included to accommodate gardening tools. Parking is ample with a slabbed driveway capable of accommodating at least three vehicles—making it practical for families and guests alike. With further development possibilities pending planning permission, this home stands out as an exceptional investment in an attractive location.

Investment analysis

(LE2 area)

Above Market Value

This property is priced +58.1% above area average per sq ft

+58.1%
This Property
£446/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£173,958
10% above area average per sq ft
Potential ROI
-39.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.7%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on LE2 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

Gilmorton Avenue, Leicester, LE2
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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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