63 Flax Road, Belgrave, Leicester, LE4 6QE
East Midlands
£155,000Guide Price
Listed on 27/10/2026
Listed on 27/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
775 sqftFeatures
- Garden
Description
Offered at auction, this freehold two-bedroom terraced house is arranged over two floors and has gas central heating and double glazing. The ground floor comprises two reception rooms and a kitchen, with two bedrooms and a bathroom upstairs. A rear garden provides outdoor space, and the property is described 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 considered. The property is near Melton Road and Saint Patricks Roman Catholic Primary School and Rushey Mead Primary. The EPC rating is D.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
70out of 100
Grade BGood opportunity
Confidence: MEDIUM
At a guide price of £155,000, this two-bedroom terrace is priced well below the local average per square foot, making it an attractive entry point for a buyer looking to create value. The two reception spaces and rear garden give the project useful scope, while the dated finishes and the stated need for complete modernisation leave room to reshape the interior to suit your plans.
The visible work is a medium-scale programme, including updating the kitchen and bathroom, refreshing finishes and improving the paved garden. It scores well overall, though the economics are less compelling once refurbishment is considered. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Acquire below the local average £/sqf, giving a comparatively low entry point for the area.
- Modernise the dated kitchen, bathroom and visible interior finishes as part of a coherent update.
- Refresh the paved rear garden and make the most of the two reception spaces.
Key risks
None recorded.
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Transport
Nearest stations
Leicester Rail Station
1.7 miles
Train · Leicester
Syston Rail Station
3.0 miles
Train · Syston
South Wigston Rail Station
5.1 miles
Train · South Wigston
Sileby Rail Station
5.3 miles
Train · Sileby
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£586
Based on a loan of £116,250 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.
Tax
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