Brackley Close, Leicester LE4
East Midlands
£200,000
Listed on 11/10/2026
Listed on 11/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
778 sqftDescription
A two-bedroom freehold terraced house offered with no onward chain and requiring extensive updating. The accommodation includes a front living room, kitchen and separate rear utility area, with two bedrooms and a bathroom upstairs. The property provides scope for a purchaser to refurbish and reconfigure finishes to suit their requirements; the extent and cost of work should be established through inspection.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
49out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £200,000, this two-bedroom terrace is priced below the local average per square foot, making the asking price a genuine acquisition opportunity. The photos show a substantial project: dated and worn finishes across several rooms, a kitchen and bathroom to update, and a severely deteriorated, overgrown rear WC/lean-to area that needs clearing and closer inspection. There is scope to reshape the interiors into a more modern home, but the numbers call for care: the £45,000–£75,000 renovation range puts purchase plus the existing midpoint refurb estimate at £260,000, which looks tight against local benchmarks. That comparison is not a renovated GDV, but it does temper the otherwise appealing entry price.
Key opportunities
- Acquire a two-bedroom terrace below the local average £/sqf and create value through a full interior modernisation.
- Rework the dated kitchen and bathroom as part of a coordinated upgrade, with scope to make the home feel more contemporary.
- Clear and improve the overgrown rear area, then assess how the lean-to and yard can best serve the finished home.
Key risks
- The £45,000–£75,000 works range makes this a full-house programme rather than a cosmetic refresh, with the deteriorated rear WC/lean-to and overgrown yard adding clearance and inspection work.
- Staining and wall damage visible in several rooms need investigation before the refurbishment scope is settled.
- Purchase plus the £60,000 midpoint renovation figure is £260,000, above the £226,670 implied local-average benchmark; the economics therefore look tight.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 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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