Green Lane Road, Leicester
East Midlands
£137,000Guide Price
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
2Type
HouseFeatures
- Garden
- Tenanted
Description
Offered at auction, this two-bedroom mid-terrace house is sold subject to a periodic assured tenancy, with the tenant remaining in place. The listing states that the property needs modernisation and has double glazing and gas-fired central heating. The current rent is stated as £7,200 per annum, with the agent indicating scope for a rent review in line with market rents.
The accommodation comprises a lounge, a separate sitting room, a kitchen, two bedrooms and a bathroom. Outside, there is a larger-than-average rear garden, with extension potential subject to planning. The property is freehold and connected to mains services. Buyers should review the legal pack for any disbursements and note the stated auction administration fee of £1,800 including VAT. The listing also identifies high flood risk.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
50out of 100
Grade DWeak opportunity
Confidence: LOW
This is a medium-scale improvement project with two separate living spaces and a larger-than-average rear garden to work with. The dated kitchen and bathroom, older finishes and overgrown garden offer clear scope to refresh the property; the listing also mentions possible extension scope, subject to planning, though feasibility is not established. It is sold with a tenant in situ, so the tenancy terms are part of the purchase picture.
The score is 50/100, grade D: the project has practical value-add potential, but the overall opportunity remains weak on the information available. Floor area is missing, so value against local £/sq ft cannot yet be judged. The renovation range is £30,000–£60,000; the stated £7,200 annual rent and the property’s high flood-risk rating are also important considerations.
Key opportunities
- Refresh the dated kitchen and bathroom as part of a coordinated interior update.
- Improve the overgrown rear garden, which is described as larger than average.
- Make better use of the two separate living spaces; the listing also notes possible extension scope subject to planning.
Key risks
- The property is in a high flood-risk area.
- The sale is subject to a periodic assured tenancy, so the tenancy terms and current £7,200 annual rent need to be considered.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£518
Based on a loan of £102,750 over 30 years at 4.45% interest
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