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Piper Way, Leicester, Leicestershire LE3

East Midlands

£280,000
Listed on 24/06/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1313 sqft

Description

This spacious four-bedroom detached home presents a unique opportunity for renovation and investment, situated on a generous plot that allows for potential extensions to the side and rear, pending the appropriate permissions. The property features extensive accommodation spread over three levels, making it an attractive option for families looking to personalize their living space. Upon entering, you are greeted by an entrance hall leading into a sizable lounge positioned at the front of the house. This area offers abundant natural light and storage solutions to enhance functionality. At the rear, you'll find a full-width kitchen/diner equipped with French doors that seamlessly connect to the rear garden, creating an ideal setting for both everyday living and entertaining. The first floor contains three well-proportioned double bedrooms along with a family bathroom conveniently located off the landing. An additional WC adds practicality to this level, while the principal bedroom is enhanced by a walk-in dressing room, providing ample storage space. The second floor hosts a large open area with eaves storage that can easily be transformed into an extra bedroom or office space—ideal for remote work or accommodating guests. Externally, the property boasts landscaped gardens both at the front and back, along with considerable side space that hints at future development possibilities such as building a garage or extending the existing home (subject to planning permissions). The rear garden is designed for versatility, featuring decking, patio, and lawn areas that offer various options for outdoor enjoyment. Overall, this property not only provides comfortable living in its current state but also holds significant potential for those looking to invest or renovate and create their dream home in a desirable location.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£213/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£28,000 - £70,000
10-25% of property value
Target Value
£358,620
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Monthly Sales
66
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (LE3)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on LE3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Piper Way, Leicester, Leicestershire LE3
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