Valence Road, Leicester, LE3
East Midlands
£220,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
926 sqftFeatures
- Garden
- Parking
Description
This three-bedroom semi-detached house is offered with vacant possession and no onward chain. The ground floor includes an entrance hall, lounge and an extended kitchen-dining area, with a lean-to beyond. Upstairs are three bedrooms and a bathroom with a three-piece suite. Gas central heating is stated, and the property has a rear garden and paved frontage with space to stand a car.
The house is described as a refurbishment project, offering scope for a purchaser to update the accommodation. It is in the Braunstone area of Leicester, with Braunstone Park, local schools, shops and bus services nearby. Leicester city centre, the railway station and major road links are also within reach. The property is understood to be freehold and is in Council Tax Band A.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £220,000, this three-bedroom semi is priced below the local £/sqf average, giving a buyer a relatively cheap entry point for a substantial project. The lounge and bedrooms show peeling or stripped finishes and worn floorboards, while the dated kitchen opens into a dining area; there is scope to rework the interiors, refresh the kitchen and bathroom, and clear the overgrown rear garden. The brick frontage and tiled roof appear generally intact in the available views, though the aged lean-to needs assessment.
The economics are the main constraint: adding the £45,000–£75,000 works range to the asking price puts the indicative purchase-plus-works total at £265,000–£295,000, stretched against the roughly £238,000 local-average benchmark for this floor area. That benchmark is not a post-renovation value forecast, so the below-average entry price does not by itself make the project stack up.
Key opportunities
- Use the three-bedroom layout and kitchen-dining connection as the basis for a refreshed family home.
- Replace the dated kitchen and bathroom finishes and renew worn flooring and wall finishes to create a more coherent interior.
- Clear and improve the private rear garden, while assessing the lean-to for repair, replacement or removal.
Key risks
- Peeling or damaged finishes and worn floors across several rooms, including a damaged lounge floor area, make this a substantial whole-house programme rather than a cosmetic refresh; the £45,000–£75,000 works range needs careful budgeting and sequencing.
- Even at the below-average asking price, adding the stated works range leaves purchase-plus-renovation costs stretched against the local-average benchmark for this floor area.
- Factor in roughly £280,000 before you finish, with refurbishment in the region of £60,000 — roughly 15% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£831
Based on a loan of £165,000 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.
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