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Broad Avenue, Leicester, Leicestershire LE5 - Image 1
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Broad Avenue, Leicester, Leicestershire LE5

East Midlands

£250,000
Listed on 25/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
890 sqft

Description

This three-bedroom terraced house offers a unique opportunity for renovation and investment in the desirable LE5 area of Leicester. Nestled in a neighborhood known for its strong community feel, the property is well-connected with excellent public transport options and is conveniently located near reputable schools and local amenities. Inside, the home features a spacious reception lounge that provides an inviting space for relaxation or socializing. The kitchen, while requiring some modern updates, is equipped with both wall and base units, plumbing for a washing machine, and a gas cooker. With ample dining space, it can easily accommodate family meals or gatherings. The accommodation includes two generously sized double bedrooms along with a comfortable single bedroom, making it suitable for various living arrangements. A practical shower room completes the interior, featuring essential amenities such as a shower, W/C, and hand basin. One of the standout features of this property is the sizable rear garden—a blank canvas that holds significant potential for landscaping projects or possible extensions subject to planning permission (STPP). Additionally, there’s a driveway providing off-road parking convenience. This property is presented in need of modernization, offering first-time buyers and savvy investors an excellent chance to create their vision from this existing structure. The potential for enhancement and personalization here cannot be overstated. Moreover, with opportunities to extend or modify the layout (STPP), this home represents an attractive proposition in a flourishing area. Overall, whether you are looking to invest in a project or create a bespoke family residence, early viewing is encouraged to fully appreciate what this property has to offer.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -0.4% below area average per sq ft

-0.4%
Potential saving
This Property
£281/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£276,127
10% above area average per sq ft
Potential ROI
-11.6%
After renovation
Monthly Sales
32
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (LE5)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 11.1%
5 year growth: 29.6%
Investment Disclaimer: Analysis based on LE5 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

Broad Avenue, Leicester, Leicestershire LE5
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