We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · LE3 0QG
Sold STCListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Charming 2-Bedroom Terraced House for Sale - Luther Street, Leicester (LE3) Asking Price: £170,000 Location: Luther Street, West End, Leicester, LE3 0QG Key Features: 2 Double Bedrooms | 2 Reception Rooms | 1 Family Bathroom | Rear Courtyard Garden | Tenant in Situ (£10,800 pas) | No Onward Chain Property Overview An excellent opportunity has arisen to purchase this traditional two-bedroom mid-terrace home, perfectly situated in the highly sought-after West End of Leicester.
Offered at a competitive £170,000, this property balances characterful period charm with modern comfort.
The property is currently let, generating a reliable rental income of £10,800 per annum, making it an exceptional, ready-made addition to any buy-to-let portfolio.
Complete with gas central heating and double glazing throughout, this home is an absolute must-see for savvy rental investors looking for a high-yield opportunity, as well as first-time buyers.
Interior Accommodation Ground Floor Front Reception Room / Lounge: A bright and welcoming living space featuring a large window and plenty of room to unwind.
Rear Reception Room / Dining Room: A secondary versatile living area, perfect for family meals or entertaining guests. It offers seamless access to the kitchen and handy under-stairs storage.
Kitchen: Situated at the rear of the property, offering practical worktop space, cabinetry storage, and room for essential appliances with direct access to the rear yard.
First Floor Bedroom One: A generously sized, comfortable double bedroom with neutral décor.
Bedroom Two: Another well-proportioned double bedroom, ideal as a guest room, children's room, or a dedicated home office.
Family Bathroom: A spacious, well-maintained three-piece bathroom suite featuring a bath with shower overhead, washbasin, and W/C.
Outside Space To the rear, the property features a low-maintenance, paved courtyard garden, offering a private space for outdoor seating, barbecues, or container gardening.
The front offers standard on-road parking. Council Tax Band: A
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 74 Luther Street, Leicester
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