2-bedroom house · LE2 3ED
For saleReduced £10k (−3.1%) on 21 JunListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the edge of Clarendon Park in a quiet cul-de-sac, this attractive period terrace offers a fantastic opportunity.
Currently configured as two self-contained one-bedroom flats, the property benefits from granted planning permission to be converted back into a three-bedroom terrace home.
Full of original character with a modern feel, the home is set within established and well-maintained gardens.
We estimate the cost of conversion back to a single dwelling to be in the region of £5,000, making this an appealing prospect for homeowners and investors alike.
The property is well located for everyday amenities and services, including local public and private schooling together with nursery day-care, Leicester City Centre and the University of Leicester, Leicester Royal Infirmary and Leicester General Hospital.
Victoria Park and Queens Road shopping parade with its specialist shops, bars, boutiques and restaurants are also within close proximity.
Disclaimer: Please note that the current owner of both flats also owns the freehold. Upon completion, the freehold will be transferred to the new owners of the flats.
Buyers are advised to make their own enquiries and seek independent legal advice to confirm the ownership structure EPC Rating: D Location The property is well located for everyday amenities and services, including local public and private schooling together with nursery day-care, Leicester City Centre and the University of Leicester, Leicester Royal Infirmary and Leicester General Hospital.
Victoria Park and Queens Road shopping parade with its specialist shops, bars, boutiques and restaurants are also within close proximity.
Entrance Hall With wooden flooring and an understairs cupboard.
Reception Room/Bedroom (4.09m x 2.69m) With a bay window to the front elevation, coving to the ceiling, ceiling rose, meter cupboard, wooden flooring and a radiator.
Living Room (3.35m x 2.87m) With a window to the rear elevation, TV point, wooden flooring and a radiator.
Kitchen (3.38m x 2.26m) With a door and window to the side elevation, a sink and drainer unit with a range of wall and base units with work surfaces over, oven, gas hob, stainless steel chimney hood, laminate flooring and a radiator.
Lobby Area With stoarge cupboard and access to: Bathroom (2.06m x 1.96m) With a double-glazed window to the rear elevation, bath with shower over, wash hand basin, WC, tiled flooring and a radiator.
First Floor Apartment Accessed via a rear door from the garden. Landing With a radiator. Sitting Room (4.32m x 3.35m) With a window to the front elevation, a decorative fireplace and two radiators.
Bedroom (3.35m x 3.30m) With a double-glazed window to the rear elevation, a built-in cupboard and a radiator.
Bathroom (1.96m x 1.75m) With a double-glazed window to the side elevation, bath with a shower over, wash hand basin, WC, tiled flooring and a radiator.
Kitchen (2.77m x 2.26m) With a double-glazed window to the rear elevation, a sink and drainer unit with a range of wall and base units with work surfaces over, gas cooker point, wall mounted boiler, space for a washing machine, tiled flooring and a radiator.
Rear Garden An attractive, established, and mature garden with well-stocked flower beds, shed, greenhouse, fencing and walled perimeter, outside tap and gate to side access.
Front Garden A gated front garden with plant and shrub borders and further gated access to the upstairs flats.
Parking - On Street Disclaimer Measurements are taken electronically and are for guidance only - not to be relied upon as exact. Services, appliances, and fittings have not been tested.
Buyers must satisfy themselves through inspection. Floor plans are not to scale and are for layout guidance only. Knightsbridge Estate Agents make no warranties regarding the property.
By law, we must carry out anti-money laundering checks for buyers and sellers. These are handled on our behalf by Kotini. A £70 fee (incl. VAT) charge applies.
This must be paid before we can publish your property (for vendors) or issue a memorandum of sale (for buyers). The fee is non-refundable and paid directly to Lifetime Legal.
We receive a portion of this fee for facilitating the checks.
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
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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 advisors 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.
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FAQ
About 159a & 159b Avenue Road, Leicester
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