Worst House on the Street Logo
Shanklin Drive, Leicester LE2 - Image 1
Shanklin Drive, Leicester LE2 - Image 2
Shanklin Drive, Leicester LE2 - Image 3

Shanklin Drive, Leicester LE2

East Midlands

£550,000
Listed on 20/04/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1615 sqft

Description

This expansive family residence, set on a desirable street in South Knighton, offers significant renovation and investment possibilities. With no onward chain, the property presents an excellent opportunity for buyers looking to enhance a well-situated home. The versatile layout spans two levels and combines generous living spaces with additional outbuildings, including a large garage and workshop, perfect for those needing extra room for hobbies or potential conversion into additional living areas (subject to planning permission). The ground floor features a welcoming entrance that leads into several reception rooms filled with natural light, alongside a kitchen and dining area that can be reconfigured to modern tastes. There is also a converted garage currently used as a study or spare bedroom with an en-suite shower room—ideal for multigenerational living or guest accommodations. On the first floor, four spacious bedrooms offer ample space for families or those wishing to create home office setups. The main bathroom offers potential for modernization while maintaining functional value. Outside, the south-facing garden and separate outbuildings provide further flexibility for expansion or leisure purposes. This property has considerable potential for those looking to invest in their future by making strategic improvements in an increasingly sought-after location.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +21.4% above area average per sq ft

+21.4%
This Property
£341/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
£498,308
10% above area average per sq ft
Potential ROI
-15.5%
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

Shanklin Drive, Leicester LE2
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates