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Fastnet Road, Thurnby Lodge, Leicester LE5

East Midlands

£160,000Guide Price

Listed on 05/07/2026

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in the Thurnby Lodge area of Leicester presents a solid investment opportunity for cash buyers. The property is in need of upgrading works, making it ideal for those looking to customize to their taste or increase its rental potential. Conveniently located near Scraptoft Lane, residents will benefit from close access to local amenities, schools, and public transportation into the city. The layout includes an entrance area leading to a lounge with a gas fireplace, a kitchen equipped with wall and base units, and utility space with WC. Upstairs are three bedrooms and a bathroom. The outdoor space features a small front garden and a rear garden, both providing potential for enhancement. Offered at auction, this property is perfect for investors seeking renovation potential.

Investment analysis

(LE5 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.2%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on LE5 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

Fastnet Road, Thurnby Lodge, Leicester LE5
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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
£604
Based on a loan of £120,000 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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