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Morley Road, Leicester LE5 - Image 1
Morley Road, Leicester LE5 - Image 2
Morley Road, Leicester LE5 - Image 3

Morley Road, Leicester LE5

East Midlands

£195,000
Listed on 29/09/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This 2-bedroom terraced house offers a solid foundation for both homeowners and investors, located in the well-regarded Spinney Hills area. The property is within walking distance of schools, shops, places of worship, and excellent transport links, making it a practical choice for those seeking convenience and accessibility in their daily lives. The interior features two spacious bedrooms that provide ample room for personalization and comfort. The living areas are versatile, ideal for creating a cozy lounge or dining space tailored to your lifestyle needs. With an open layout connecting the reception rooms to the kitchen, there's great potential to enhance flow and functionality through thoughtful renovations. The kitchen includes essential amenities such as fitted units, a handwash basin, and space for appliances. Its layout allows for easy updates and improvements to suit modern standards. Each bedroom is equipped with built-in storage and large windows that invite natural light, which can be further enhanced with contemporary design elements. The bathroom includes a three-piece suite with a shower over the bath, presenting an opportunity for modernization. Externally, the front garden provides an enclosed space that adds to the property's charm while also allowing for potential landscaping improvements. Given its location and structural integrity, this property represents a valuable investment opportunity. Whether you're looking to enter the real estate market as a first-time buyer or aiming to expand your portfolio as an investor, this home offers immediate availability without chain delays. Viewing is encouraged to fully appreciate both the existing living spaces and the renovation possibilities that await in this appealing area of Leicester.

Investment Analysis

(LE5 area)
Area Average
£284/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE5)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 8.3%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on LE5 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

Morley Road, Leicester LE5
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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
£714
Based on a loan of £146,250 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