4-bedroom terraced house · LE3 5JQ
Sold STCListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A large, three storey, corner property which offers generous living accommodation, set in a convenient location.
The ground floor comprises; a lounge, dining room and fitted kitchen with access to the rear. The upper floors comprise; four bedrooms and a family bathroom.
Below, the property benefits from a cellar, which is ideal for storage. Externally, the property features a small enclosed courtyard to the rear. This property is ideal for families or investors.
The estimated rental value is £16,200 pax (£1,350 pcm) which reflects a 7.2% yield.
Location This property is located on the corner of Vernon Street, which is off Tudor Road in a highly sought after and convenient area.
The property benefits from being within walking distance of local schooling, Tesco, Lidl, healthcare facilities and near to Narborough Road which benefits from an array of everyday convenience stores, restaurants, shops, places of worship and more.
Description A large, three storey, corner property which offers generous living accommodation, set in a convenient location.
The ground floor comprises; a lounge, dining room and fitted kitchen with access to the rear. The upper floors comprise; four bedrooms and a family bathroom.
Below, the property benefits from a cellar, which is ideal for storage. Externally, the property features a small enclosed courtyard to the rear.
The estimated rental value is £16,200 pax (£1,350 pcm) which reflects a 7.2% yield. This property is ideal for families or investors.
Accommodation All measurements are approximate: Cellar 12' 8'' x 10' 9'' (3.86m x 3.27m) Ground Floor Lounge 13' 0'' x 11' 6'' (3.96m x 3.50m) Double glazed window to front and side, radiator, power points, pendant light fitting.
Dining Room 14' 6'' x 11' 6'' (4.42m x 3.50m) Double glazed window to rear, radiator, power points, pendant light fitting, open to: Kitchen 13' 0'' x 7' 1'' (3.96m x 2.16m) Double glazed windows to side, door to rear yard, wall mounted units, base units and drawers, stainless steel sink with mixer tap.
electric oven, four burner gas hob, plumbing for washing machine, boiler, radiator, power points, pendant light fitting.
First Floor Bedroom One 13' 9'' x 11' 6'' (4.19m x 3.50m) Double glazed window to front, radiator, power points, pendant light fitting.
Bedroom Two 9' 8'' x 8' 8'' (2.94m x 2.64m) Double glazed window to rear, radiator, power points, pendant light fitting.
Bathroom 13' 0'' x 7' 1'' (3.96m x 2.16m) Double glazed window to side, panelled bath, corner shower cubicle, low level WC, pedestal wash hand basin, tile splashback surrounds, wall mounted mirror, towel rails, pendant light fitting.
Second Floor Bedroom Three 12' 8'' x 11' 2'' (3.86m x 3.40m) Double glazed window to front, built in cupboard, radiator, power points, pendant light fitting.
Bedroom Four 11' 7'' x 11' 2'' (3.53m x 3.40m) Double glazed window to rear, radiator, power points, pendant light fitting. Outside Rear enclosed yard. Tenure Freehold.
Council Tax The property falls within Band A. Services The services, fittings and appliances (if any) have not been tested by the agents. Local Authority Leicester City Council.
Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester, LE1 6FB Tel: Email:
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
FAQ
About Vernon Street, Off Tudor Road
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