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Avenue Road Extension, Leicester, Leicestershire LE2 - Image 1
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Avenue Road Extension, Leicester, Leicestershire LE2

East Midlands

£140,000Guide Price

Listed on 22/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
695 sqft

Features

  • Garden

Description

Offered at auction, this three-bedroom terraced house is being sold with no upward chain and is described as requiring a complete back-to-brick refurbishment. The ground floor has an entrance area leading to an open-plan lounge and dining space, with the staircase between them and an archway through to the kitchen. The layout could remain open or be divided into separate reception rooms. The kitchen and ground-floor bathroom both require refitting. The listing also suggests that relocating the bathroom upstairs could allow the kitchen to be enlarged or create a utility area, subject to feasibility and any necessary approvals. Upstairs are a principal double bedroom, a second bedroom with storage over the stairs, and a smaller third room that may suit use as a nursery or home office. The listing notes that this room may be too small to count as a bedroom and could alternatively be considered for a bathroom or shower room. A private rear garden includes a brick-built store and a further outbuilding at the far end. The property is in Clarendon Park, within walking distance of Victoria Park and near the shops, services and eateries on Queens Road, with road links into Leicester. The listing presents refurbishment and resale or rental as possible future routes, but the scope, layout options and costs would need to be assessed by a buyer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

58out of 100
Grade DWeak opportunity

Confidence: MEDIUM

At £140,000, this three-bedroom Clarendon Park terrace is priced well below the local £/sqf benchmark, giving a project buyer an attractive entry point in a sought-after area near Queens Road and Victoria Park. The open-plan lounge, dining area and kitchen offer scope to rethink the ground-floor layout, while the private rear garden and storage outbuildings add to the canvas.

This is a genuine back-to-brick project: wall finishes, ceilings and floors need attention throughout, and the kitchen and bathroom are ready for replacement. The £55,000–£95,000 renovation range puts the purchase-plus-works arithmetic at roughly £195,000–£235,000 before fees; the £215,000 midpoint is tight against local benchmarks, so the low purchase price is a strength but the overall economics need careful control.

Key opportunities

  • Rework the open-plan lounge, dining area and kitchen—potentially separating the reception spaces or changing the arrangement to create a larger kitchen or utility area.
  • Replace the dated kitchen and bathroom and renew damaged finishes and flooring to establish a coherent interior from the ground up.
  • Restore the private rear garden and make use of the existing storage outbuildings.

Key risks

  • Stripped interiors, deterioration across multiple rooms and a £55,000–£95,000 works range make this a full-gut budget and programme, not a cosmetic refresh.
  • Ceiling staining is visible in more than one room; the roof condition is not established in the available photographs.

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Location

Avenue Road Extension, Leicester, Leicestershire LE2
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 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.

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