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Park Drive, Leicester Forest East, Leicester LE3

East Midlands

£180,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
966 sqft

Description

Located in the desirable area of Leicester Forest East, this three-bedroom semi-detached house offers a promising canvas for those looking to develop their perfect family residence. The property enjoys proximity to reputable schools and excellent transport links, making it an appealing choice for commuters while nestled within a welcoming community. Inside, the home features adequately sized rooms and a functional layout, although it is in need of renovation and modernization. This presents a prime opportunity for prospective owners to enhance the property's value and personalize it according to their vision. Outside, the property boasts an impressively large rear garden with ample possibilities for landscaping, extension (subject to planning permissions), or recreational use. A garage adds practical storage or parking options, while generous side space provides further potential for development or off-road parking solutions. With significant investment potential in this sought-after location, this property is well-suited for families, developers, or anyone looking for a rewarding renovation project that promises long-term benefits.

Investment Analysis

(LE3 area)

Below Market Value

This property is priced -27.0% below area average per sq ft

-27.0%
Potential saving
This Property
£186/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£271,282
10% above area average per sq ft
Potential ROI
+23.3%
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
14%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.4%
5 year growth: +17.3%
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

Park Drive, Leicester Forest East, Leicester LE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% 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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