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Myrtle Road, Leicester LE2

East Midlands

£199,950

Listed on 27/06/2026

Property details

Bedrooms
2
Type
Terraced
Area
811 sqft

Description

This unique split-use property presents a compelling investment opportunity in the Highfields area of Leicester. Comprising a ground floor commercial space alongside a self-contained residential flat, this asset requires significant upgrading across its entirety, making it ideal for investors with a vision to enhance its value. The ground floor features a shop front and reception area leading into a compact kitchen with direct access to a small rear yard. On the first floor, the flat offers two bedrooms, a lounge, and a bathroom, all accessible via their own separate staircase. This setup allows for potential dual-income generation by letting each space independently or refurbishing for maximized profitability, subject to local regulations. Offered with no onward chain, this property is an excellent choice for those ready to invest in its transformation.

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Investment analysis

(LE2 area)

Below Market Value

This property is priced -12.9% below area average per sq ft

-12.9%
Potential saving
This Property
£247/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£252,509
10% above area average per sq ft
Potential ROI
+3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -1.4%
5 year growth: +10.0%
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

Myrtle Road, Leicester LE2
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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
£755
Based on a loan of £149,962 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

Next Steps

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