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Flax Road, Leicester, Leicestershire LE4 - Image 1
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Flax Road, Leicester, Leicestershire LE4

East Midlands

£160,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
943 sqft

Description

Situated in a vibrant area just off Melton Road in LE4, this three-bedroom mid-terrace home presents a substantial opportunity for those looking to invest in a property ripe for renovation. The spacious living room is characterized by high ceilings and features an electric fireplace, adding a touch of warmth to the space. The adjoining kitchen diner boasts generous dimensions and leads to a lean-to area, along with a downstairs family bathroom that serves as a solid base for modern updates. On the upper level, you will find three well-proportioned bedrooms, with the master bedroom conveniently equipped with its own W/C and wash hand basin. Each room is flooded with natural light and provides ample scope for reconfiguration or refurbishment according to personal preferences. Outdoor space includes a private, low-maintenance courtyard garden at the rear, perfect for those seeking minimal upkeep. This property not only requires renovation but also offers an exceptional chance for investors or first-time buyers aiming to transform it into a contemporary living environment within a desirable Leicester location.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -41.8% below area average per sq ft

-41.8%
Potential saving
This Property
£170/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£302,269
10% above area average per sq ft
Potential ROI
+51.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +26.4%
Investment Disclaimer: Analysis based on LE4 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

Flax Road, Leicester, Leicestershire LE4
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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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