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Piers Road, Glenfield, Leicester, Leicestershire LE3 - Image 1
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Piers Road, Glenfield, Leicester, Leicestershire LE3

East Midlands

£250,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1198 sqft

Description

This three-bedroom detached home sits on a spacious corner plot, offering considerable renovation potential for both first-time buyers and investors alike. The property features off-road parking for two vehicles, adding convenience to its appeal. As you enter, a practical hallway leads to a downstairs W/C, ideal for families and guests. Additionally, there's internal access to an integral garage that could be transformed into valuable living space or simply used for storage. The family lounge is designed with two areas: a cozy seating section perfect for relaxation and an adjoining dining space suitable for gatherings. The kitchen includes ample wall and base units along with generous worktop surfaces, though it may benefit from modernisation to enhance functionality. A door from the kitchen opens into a sizeable rear garden—great for children’s play or outdoor entertaining. Upstairs hosts three well-sized double bedrooms, complemented by a family bathroom and an additional separate W/C. With considerable outdoor space and room to reconfigure interiors, this property presents multiple avenues for enhancement or investment within the rising East Midlands' market.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -17.8% below area average per sq ft

-17.8%
Potential saving
This Property
£209/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£251
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£334,655
10% above area average per sq ft
Potential ROI
+15.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
79
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -0.7%
5 year growth: +18.2%
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

Piers Road, Glenfield, Leicester, Leicestershire LE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-7.4% since listed
£250,000£20,000(-7.4%)
28/03/2026
Current price
£270,000Initial listing
17/03/2026

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