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Gipsy Road, Leicester, Leicestershire LE4

East Midlands

£290,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
976 sqft

Description

This three-bedroom terraced house presents a noteworthy opportunity for renovation and investment in the desirable LE4 area of Leicester. The property is conveniently positioned near a variety of local amenities, including supermarkets, shops, and dining options, making it well-suited for families and professionals alike. There are also schools, healthcare facilities, and parks within easy reach, enhancing the appeal of the location for potential tenants or future buyers. Transport links are robust in this area, with quick access to Leicester City Centre via the A607 and A46. Public transport services are readily available, facilitating efficient commuting to surrounding regions. Inside, the layout includes a spacious lounge featuring a uPVC double-glazed bay window that allows natural light to fill the space. Adjacent is a second reception room equipped with a rear-facing uPVC double-glazed window and practical storage options. The kitchen offers a functional arrangement with wall and base units, a gas hob, oven, sink with drainer, and an exit to the rear garden—an ideal setup for future updates. On the first floor, you’ll find three bedrooms. Bedroom one features fitted wardrobes alongside another front-facing uPVC double-glazed window. Bedrooms two and three similarly benefit from ample light and built-in storage solutions. The bathroom includes a walk-in shower and necessary fixtures but could easily be reconfigured according to modern preferences. Externally, the property boasts both front and rear gardens; notably, the rear garden offers significant potential for extension (subject to planning permission) or landscaping improvements—ideal for those looking to increase living space or enhance outdoor appeal. This property not only provides comfortable living as-is but also presents valuable opportunities for enhancements that could increase its market value in an increasingly competitive real estate landscape.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +1.1% above area average per sq ft

+1.1%
This Property
£297/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£29,000 - £72,500
10-25% of property value
Target Value
£315,424
10% above area average per sq ft
Potential ROI
-13.0%
After renovation
Monthly Sales
50
Average per month
Market Turnover
54%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +3.8% over the last 12 months
3 year growth: 8.5%
5 year growth: 32.5%
Investment Disclaimer: Analysis based on LE4 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

Gipsy Road, Leicester, Leicestershire LE4
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