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Elms Road, Stoneygate, Leicester LE2 - Image 1
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Elms Road, Stoneygate, Leicester LE2

East Midlands

£450,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1249 sqft

Description

This semi-detached property, featuring three bedrooms, showcases a blend of charming period elements and ample potential for modernization. With its bay-fronted design and various original characteristics such as fireplaces and ornate internal doors, the home offers a unique canvas for those looking to invest in renovations or create their ideal living space. Set along the desirable Elms Road, this residence is complemented by a spacious rear garden that not only provides an inviting outdoor area but also holds the possibility for expansion through future enhancements—subject to obtaining necessary planning permissions. This aspect alone presents a significant opportunity for buyers aiming to increase both living space and property value. Inside, the layout includes an entrance hall that leads to three distinct reception areas, each with unique features and characteristics. The main living room benefits from a bay window that floods the space with natural light, while the additional reception rooms offer versatility for family use or potential reconfiguration. The kitchen provides practical amenities alongside under-stairs storage, setting the stage for potential updates or expansions tailored to modern culinary needs. The first floor hosts three well-sized bedrooms, two of which feature bay windows and original fireplaces—elements that can be preserved or enhanced during renovations. A shower room adds functionality, though there may be opportunities to reimagine both bathroom spaces to suit contemporary preferences. Location plays a crucial role in this property’s appeal. Residents will benefit from close proximity to local amenities and services including schools—both public and private—as well as day-care options. Additionally, Leicester City Centre is just a short distance away, offering easy access to various shops, restaurants, and recreational areas such as Victoria Park. With no upward chain complicating the purchasing process, this property represents an ideal option for buyers looking to downsize or families seeking a home with distinctive features and considerable renovation potential. Whether you're looking to create your dream residence or make a strategic investment in a prime location, this property merits consideration.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +30.6% above area average per sq ft

+30.6%
This Property
£360/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£378,990
10% above area average per sq ft
Potential ROI
-20.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 1.6%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on LE2 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

Elms Road, Stoneygate, Leicester LE2
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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
£1,648
Based on a loan of £337,500 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