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Grove Road, Highfields, Leicestershire LE5 - Image 1
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Grove Road, Highfields, Leicestershire LE5

East Midlands

£235,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Located in the desirable Highfields area, this mid-terraced property offers a promising investment opportunity for buyers and investors seeking a renovation project. The home requires comprehensive modernization, providing a blank canvas across two floors that can be transformed to maximize rental income or resale value.<br><br>The ground floor features a bright entrance living room that flows into a generous second reception room, creating adaptable spaces for both living and dining needs. The rear of the property houses a fitted kitchen equipped with a gas hob and integrated oven, along with ample worktop space and storage in base and wall units—ideal for daily cooking and entertaining. Additionally, a conveniently placed ground floor bathroom enhances functionality for families or tenants.<br><br>On the upper level, three bedrooms are accessed from the main landing. Two well-sized double bedrooms provide comfortable sleeping quarters, while the smaller third bedroom is versatile enough to serve as a single bedroom, nursery, or home office.<br><br>The exterior boasts a low-maintenance paved rear garden that simplifies outdoor upkeep while offering a practical space that can serve various functions such as seating or storage—perfect for tenants who prefer hassle-free outdoor living.<br><br>Highfields enjoys excellent connectivity and access to local amenities; shops, supermarkets, restaurants, and reputable primary and secondary schools like Shenton Primary and Moat Community College are all within walking distance. Public transport options are plentiful with regular bus services and proximity to Leicester railway station, ensuring quick access throughout the city.<br><br>This property presents an exceptional chance for those looking to invest in a solid residential area through renovation. Early viewing is strongly advised to fully grasp the potential this property has to offer.

Investment Analysis

(LE5 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +5.9%
5 year growth: +19.2%
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

Grove Road, Highfields, Leicestershire LE5
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£848
Based on a loan of £176,250 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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