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Oakside Close, Leicester, LE5 - Image 1
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Oakside Close, Leicester, LE5

East Midlands

£250,000

Listed on 15/09/2026

The listing

Property details

Bedrooms
2
Type
Detached Bungalow
Area
667 sqft

Description

This detached bungalow presents a unique opportunity for buyers looking to invest in a property that requires modernisation, situated in a desirable residential area. The home is offered with no onward chain, making it an attractive option for those ready to embark on a renovation project. Inside, the layout includes an entrance hall that leads to a spacious lounge, perfect for relaxation. The kitchen offers potential for reconfiguration to align with contemporary living standards. There are two well-sized bedrooms, each providing flexibility for use as sleeping quarters, a home office, or guest accommodation. The bathroom is basic and would benefit from refurbishment to enhance functionality. Notably, the property is not connected to mains gas, which allows for various heating options during renovations. Additional features include double glazing in most windows and ample storage throughout. A garage located nearby provides secure parking or extra storage space. This property is ideally positioned near excellent local amenities, transport links, and reputable schools, making it a rare find in a peaceful yet accessible location. With significant scope for improvement, this bungalow offers a fantastic opportunity for buyers to add value and create a comfortable residence tailored to their preferences.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

27out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached bungalow presents a significant renovation opportunity in a highly desirable location, but it's essential to approach with caution. The asking price of £250,000 translates to £375/sqf, which is notably above the local average of £289/sqf — making it feel quite dear for the area. Considering the substantial refurbishment range of £80,000–£120,000, the all-in costs would be stretched against local benchmarks for this floor area, leaving little margin for error.

While the property is dated throughout, it offers a flexible layout with two well-proportioned bedrooms and a spacious lounge, allowing for various reconfiguration possibilities. The absence of mains gas connection opens the door for creative heating solutions during renovation. The garden, although average, has low maintenance potential and provides a pleasant outdoor space. However, prospective buyers should be prepared for a heavy project scale with stripped interiors and a substantial works budget.

Key opportunities

  • Flexible layout allows for reconfiguration to suit modern lifestyles.
  • Potential to create a bespoke living space tailored to personal tastes.
  • Low maintenance garden with well-stocked flower borders.

Key risks

  • Stripped interiors and a £80,000–£120,000 works budget make this a full-gut programme, not a refresh.
  • Purchase plus works may take you to around £350,000 before you finish, with refurbishment in the region of £100,000, leaving a gap of around 45% versus area norms for this sqft; post-works value sits outside our data.

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Map

Location

Oakside Close, Leicester, LE5
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
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.

Tax

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Indicative tax based on the asking price and the options you select.

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