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Raymond Road, Leicester LE3

East Midlands

£160,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
797 sqft

Description

This two-bedroom mid-terrace property presents a compelling opportunity for both homeowners and investors in the sought-after LE3 area, just off Narborough Road. Positioned in a lively community with excellent transport links and amenities, the home boasts two spacious reception areas alongside a fitted kitchen on the ground floor, offering adaptable living arrangements. The upper level features two sizable double bedrooms and a family bathroom, providing ample space for potential upgrades or modifications. An accessible loft space offers further development possibilities, pending necessary planning permissions. Outside, the property includes a private rear garden complete with additional storage and an outdoor WC. With existing double glazing and gas central heating, this home is well-equipped, yet it leaves room for personalized enhancement. Given its affordable price point and favorable rental market conditions, this property stands out as an advantageous investment opportunity.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -20.5% below area average per sq ft

-20.5%
Potential saving
This Property
£201/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£221,323
10% above area average per sq ft
Potential ROI
+19.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.3%
5 year growth: +21.8%
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

Raymond Road, Leicester LE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 over 30 years at 4.06% 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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