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Cranmer Street, Leicester LE3

East Midlands

£165,000
Listed on 20/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace property presents an excellent opportunity for renovation, featuring two reception rooms and a kitchen on the ground floor, alongside two bedrooms and a family bathroom on the first floor. Benefitting from double glazing and gas central heating, this home is well-equipped for comfortable living. Its proximity to local schools, amenities, and transport links makes it appealing to both first-time buyers and investors looking to enhance value. With no chain involved, the potential for updates and improvements can be realized swiftly.

Investment Analysis

(LE3 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Cranmer Street, Leicester LE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE