Saltersford Road, Leicester, LE5
East Midlands
£200,000
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
2Type
Semi DetachedArea
583 sqftFeatures
- Garage
- Garden
Description
This two-bedroom semi-detached house in Leicester has a front lounge with a bay window and a separate open-plan kitchen and dining area, with a door leading to the rear garden. Upstairs are two bedrooms and a family bathroom. The property also has a private rear garden and an adjoining garage, which the listing identifies as a possible area for side extension or redevelopment, subject to planning and other checks. Local shops, schools, medical facilities and public transport are described as accessible, with road links via the A47 towards Leicester city centre and the outer ring road.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
37out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a usable two-bedroom semi with a maintained rear garden, separate garage and a clear light-touch refresh opportunity: update the older colours and finishes, flooring and overall presentation while retaining the existing functional spaces. The bay-windowed lounge and the potential to rework the garage or extend to the side, subject to planning and verification, add to the project’s appeal. The patchy finish on the rear extension wall is worth inspecting, as its cause is not established.
The main challenge is the numbers: at £200,000, the asking price is above the local £/sqf benchmark, and adding the £6,000–£14,000 refurb range leaves the purchase-plus-refurb spend stretched against local average values for this floor area. That comparison is with current local benchmarks, not a forecast of the value after renovation. The dated finishes offer scope to improve the home, but the asking price limits the overall opportunity.
Key opportunities
- Refresh the older decoration and flooring to give the usable interiors a more current look.
- Make use of the maintained rear garden and separate garage as practical features of the home.
- Explore the described side-extension or garage-replacement potential, subject to planning and verification.
Key risks
- The asking price plus the £6,000–£14,000 refurbishment range appears high relative to local average values for this floor area.
- Expect total exposure near £210,000 all-in — £10,000 of works on top of the asking price — around 20% above what similar-sized stock commands locally today — current-condition benchmarks only, not after-works GDV.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 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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