Modern Method of Auction
Auction date not yet published
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See how verdicts work5-bedroom detached house · LE3 2EZ
Sold STCReduced £30k (−10%) on 24 SepListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious five-bedroom detached family home located on Harefield Drive.
The property offers generous living accommodation including two reception rooms, a conservatory, fitted kitchen, downstairs shower room and WC, five bedrooms, a family bathroom, rear garden, driveway, and garage.
Description Situated on the sought-after Harefield Drive in Rowley Fields, this substantial five-bedroom detached family home offers versatile and well-proportioned accommodation arranged over two floors.
On the ground floor, the property boasts a large main reception room which flows through to a conservatory at the rear, creating an excellent space for family living and entertaining with views over the garden.
A second reception room provides additional flexibility, ideal as a dining room, snug, or home office.
The kitchen is fitted with a range of wall and base units, offering practical storage and workspace.
Tucked away conveniently on the ground floor is a modern shower room along with a separate WC, adding valuable everyday convenience.
The first floor comprises five bedrooms, providing ample accommodation for a growing family, alongside a family bathroom serving the upper floor.
Externally, the property benefits from a rear garden mainly laid to lawn, offering a pleasant and private outdoor space.
To the front, there is a paved driveway providing off-road parking, along with access to a garage.
This impressive, detached home combines generous living space with a desirable location, making it an ideal choice for families seeking space, comfort, and practicality.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Porch Door to the front. Entrance Hall Door to the front and radiator. Lounge Window to the front, patio door to the rear, wooden flooring and two radiators.
Dining Room Patio door to the rear and radiator. Kitchen Fitted kitchen comprising of wall and base units with work surfaces over, sink drainer unit, integrated oven, hob and extractor fan.
Window and door to the side. Conservatory French doors to the side. Shower Room Window to the side, shower cubicle, vanity hand wash basin and radiator.
W C With WC First Floor Landing Stairs rising from the ground floor. Bedroom One Window to the front and radiator. Bedroom Two Window to the rear and radiator.
Bedroom Three Window to the front and radiator. Bedroom Four Window to the front, window to the side and radiator. Bedroom Five Window to the rear and radiator.
Bathroom Bath with shower over, WC, vanity hand wash basin and towel radiator. Garage Front & Rear Of Property To the front of the property is a driveway leading to the garage.
To the rear of the property is an easy to maintain garden laid to lawn. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
Agent & docs
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FAQ
About 40, Harefield Avenue, Leicester
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