3-bedroom house · LE67 9RH
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Renovation Required*** A 1930s bay-fronted semi-detached house situated on Leicester Road in the popular village of Markfield.
Occupying a generous-sized plot, the property requires full renovation and modernisation throughout, but offers excellent potential to extend and/or redevelop to create a fabulous home, subject to the necessary planning consents.
The accommodation currently comprises an entrance hall, living room and kitchen diner. To the first floor, there is a landing, three bedrooms and a bathroom.
Outside, the property benefits from off-road parking to the front, with a side gateway providing access to the rear garden.
The spacious rear garden requires clearance and currently includes a variety of mature trees and shrubs.
Offered for sale with no upward chain, this property represents an exciting opportunity for those looking for a substantial renovation project with considerable scope for improvement and development.
Entrance Hall Glazed door to the front, double glazed window to the side, and stairs leading to the first floor.
Living Room (3.66 m x 3.33 m (12'0" x 10'11")) Double glazed bay window to the front and a radiator.
Kitchen Diner (4.88 m x 3.66 m (16'0" x 12'0")) Wall and base units with roll-top work surfaces, gas point for an oven, plumbing for a washing machine, stainless steel sink and drainer with a mixer tap, double glazed windows to the rear, radiator, a timber door to the side and French-style patio doors to the rear.
Landing Double glazed window to the side and access to the loft space. Bedroom One (3.76 m x 3.23 m (12'4" x 10'7")) Double glazed bay window to the front and a radiator.
Bedroom Two (3.68 m x 3.23 m (12'1" x 10'7")) Double glazed window to the rear, radiator, and a fitted cupboard housing the central heating boiler.
Bedroom Three (2.11 m x 1.80 m (6'11" x 5'11")) Double glazed window to the front and a radiator.
Bathroom (2.03 m x 1.80 m (6'8" x 5'11")) Comprising a bath, a wash basin, a low-level WC, a double glazed window to the rear, and a radiator.
Outside To the front of the property is a driveway providing off-road parking and a gateway to the side, giving access to the rear.
The spacious rear garden includes a range of established trees and shrubs.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
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FAQ
About 249 Leicester Road, Markfield
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