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Avenue Road Extension, Leicester LE2

East Midlands

£200,000
Listed on 08/08/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terraced home presents a solid opportunity for renovation and investment, situated conveniently in the sought-after Clarendon Park area. The property features two reception rooms and a kitchen on the ground floor, providing a spacious layout that can be reimagined to fit modern living standards. Upstairs, you will find two bedrooms and a shower room, each offering potential for updates that could significantly enhance their appeal. Natural light floods through the double-glazed windows, creating bright and inviting spaces to work with. The home's design allows for flexibility in how you choose to utilize the areas, making it an ideal project for someone looking to personalize their living environment or increase rental value. A notable feature of this property is its generous rear garden, which offers ample space for outdoor activities or further landscaping potential. Additionally, there are two original outbuildings, one of which contains an outdoor WC, providing extra utility options. Located just off Welford Road, this property benefits from its proximity to Leicester City Centre, universities, hospitals, and schools. This prime location enhances its desirability for both homeowners and investors alike. With no onward chain and a clear need for refurbishment, this home is well-positioned as a practical investment opportunity that allows new owners to implement their own vision while potentially increasing its market value over time. The property is sold freehold with an EPC rating of D and falls under Council Tax Band A. It’s important to note that refurbishment work will be required; however, this gives savvy buyers the chance to build equity through modernization efforts tailored to current market demands. Viewing is highly recommended for those interested in exploring the possibilities this property has to offer.

Investment Analysis

(LE2 area)
Area Average
£279/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Monthly Sales
48
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (LE2)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 3.1%
5 year growth: 20.3%
Investment Disclaimer: Analysis based on LE2 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

Avenue Road Extension, Leicester LE2
Map showing location of Avenue Road Extension, Leicester LE2
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