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Matlock Street, Leicester LE2

East Midlands

£245,000
Listed on 12/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
947 sqft

Description

This three-bedroom terraced house presents a unique opportunity for those looking to invest in a property with significant renovation potential. Located in the desirable Highfields area, adjacent to Spinney Hills, it offers easy access to local amenities and schools, making it ideal for families or investors alike. With two generously sized reception rooms, this home can be easily reconfigured to suit your lifestyle needs. The property is equipped with double glazed uPVC windows and gas central heating, ensuring comfort and energy efficiency even before you start your renovations. Each of the three bedrooms is spacious enough to accommodate various furniture arrangements, appealing to a broad range of buyers. The property's garden area allows for further enhancement and outdoor enjoyment. Given its promising location and layout, this house is not just a place to live but a canvas waiting for your personal touch. Early viewing is encouraged to fully appreciate the investment potential this home offers.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -7.8% below area average per sq ft

-7.8%
Potential saving
This Property
£259/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£292,197
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -0.4%
5 year growth: +10.7%
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

Matlock Street, Leicester LE2
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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
£868
Based on a loan of £183,750 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

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