127 Danvers Road, Off Narborough Road, Leicester, LE3 2AB
East Midlands
£99,000Guide Price
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
Description
Offered at auction, this freehold two-bedroom terraced house is situated just off Narborough Road, within walking distance of De Montfort University and Leicester Royal Infirmary. The accommodation comprises a front reception room, a separate living room and kitchen on the ground floor, with two bedrooms and a bathroom upstairs. Gas central heating is stated, and the property is offered with vacant possession. Modernisation is required, providing scope for a purchaser to update the existing accommodation. Outside, there is a front forecourt and an enclosed rear yard. The seller states that rent of £950 per calendar month may be achievable after works; this figure is not a guarantee. The auction is scheduled for 4 November 2026, with remote bidding by proxy, telephone or internet. A seller’s charge of 1.5% plus VAT of the purchase price is payable on completion, and completion is due within eight weeks of exchange.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
39out of 100
Grade ELow opportunity
Confidence: LOW
This two-bedroom freehold terrace has a useful location within walking distance of De Montfort University and Leicester Royal Infirmary, plus vacant possession and a stated post-works rent of £950 per month. The visible brick frontage appears broadly intact, while the weathered forecourt and boundary masonry offer scope to improve the approach to the house. A ground-floor window opening is boarded and needs inspection to establish whether repair or reinstatement is required; the interior is not shown, so the scale of the modernisation cannot be judged from these photos.
The score is held back by limited evidence rather than a finding that the £99,000 asking price is dear: floor area is missing, so value against local £/sqf cannot yet be assessed, and renovation economics cannot be calculated from the available figures. It is being sold by auction; bidding can take the hammer above the guide, so the eventual price may not stay at this level.
Key opportunities
- Improve the weathered front forecourt and boundary masonry to create a more appealing entrance.
- Inspect the boarded ground-floor window opening and restore it as needed.
- Modernise the house for an owner-occupier or rental use; the listing states a post-works rent of £950 per month.
Key risks
None recorded.
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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
£374
Based on a loan of £74,250 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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