26 Laurel Road, Highfields, Leicester, LE2 1BN
East Midlands
£135,000Guide Price
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
678 sqftFeatures
- Garden
Description
Offered at auction on 17 November 2026, this freehold two-bedroom terraced house is situated off St Peters Road, close to East Park Road. The accommodation comprises two reception rooms and a kitchen on the ground floor, with two bedrooms and a bathroom above. Gas central heating and double glazing are stated, and the property has an EPC rating of D (68).
Outside, there is a rear garden with a store. The listing describes the house as requiring complete modernisation. The sale is subject to the buyer paying the seller's legal and auctioneer's fees, and no pre-auction offers will be accepted.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
61out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £135,000, this two-bedroom terrace is priced well below the local average per square foot, giving buyers a strong entry point for a hands-on project. The dated and damaged finishes across the photographed rooms, worn flooring and overgrown rear garden provide scope to reshape and refresh the interior and outside; the front elevation and main roof appear broadly intact in the available views.
This is a substantial renovation rather than a cosmetic update, and the overall opportunity is tempered by moderate economics: the indicative purchase-plus-works comparison leaves only a modest margin against the current local average, not a forecast of renovated value. It is being sold by auction; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rework the dated finishes across the two reception rooms and bedrooms, using the existing natural light and worn floorboards as a starting point for a coherent interior scheme.
- Replace the dated kitchen and bathroom finishes to give the house a more consistent, updated feel.
- Clear and improve the overgrown rear garden, and assess the rear store as part of a broader outside-space project.
Key risks
- Worn and damaged finishes across several rooms, together with the kitchen, bathroom and garden work, make this a substantial multi-area programme; allow for a full interior rebuild in places and a longer, more involved schedule than a cosmetic refresh.
- The rear store has worn finishes and exposed roof timbers, so its condition and repair needs warrant inspection.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£510
Based on a loan of £101,250 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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