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Marjorie Street, Belgrave, Leicester LE4 - Image 1
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Marjorie Street, Belgrave, Leicester LE4

East Midlands

£220,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
894 sqft

Description

This two-bedroom terraced home in Belgrave offers a solid foundation with promising renovation and investment potential. Upon entering, you're greeted by a cozy lounge that features modern LVT flooring and includes a storage cupboard for utilities. The space flows into a spacious sitting room, which provides an inviting view of the rear garden. The kitchen is functional and equipped with essential amenities, including wall and base units, an integrated fridge and freezer, a stainless steel sink, and plumbing for appliances. A UPVC door conveniently leads directly to the rear garden, enhancing accessibility for outdoor activities. Upstairs, the property comprises two generously sized double bedrooms that allow for plenty of natural light. The family bathroom is well-appointed with a bathtub featuring a shower overhead, as well as a wash basin and WC. The exterior showcases a substantial rear garden that is currently paved, offering versatility for various uses while being enclosed by a sturdy brick perimeter. Notably, an outdoor storage shed and an additional WC add practical value to the property. A canopy installed over part of the garden extends its usability throughout the year. Situated in Belgrave, this property benefits from local amenities while providing ample opportunity for expansion or refurbishment (subject to planning permission). This home presents a solid investment option in a desirable location, ideal for those looking to create personalized living spaces or capitalize on rental potential.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£246/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£22,000 - £55,000
10-25% of property value
Target Value
£288,923
10% above area average per sq ft
Potential ROI
+5.1%
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

Marjorie Street, Belgrave, Leicester LE4
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