3-bedroom house · LE4 6FB
To rentListed 71 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Located in the heart of a popular residential area, this well-presented three-bedroom mid-terraced house on Melrose Street, Leicester, offers an ideal home for families or professionals seeking comfortable and convenient living.
Offered to let unfurnished at an asking price of £1,200.00 per month, the property is spaciously laid out and tastefully maintained, suitable for immediate occupancy.
The accommodation comprises two generous reception rooms providing ample space for both living and dining.
The fully fitted luxury kitchen features modern fixtures and finishes, perfect for those who enjoy cooking and entertaining.
Upstairs, the property benefits from three well-proportioned bedrooms and a family bathroom finished to a high standard.
The house is fully double glazed and benefits from full gas central heating, ensuring warmth and energy efficiency year-round.
Positioned within close walking distance to reputable local schools, this property is perfect for families with children.
For daily conveniences, a variety of supermarkets, including Tesco Express and Aldi, are within a ten-minute drive.
Victoria Park and local leisure centres are also nearby, offering recreational activities and green space.
Healthcare needs are well catered for with a number of gp surgeries and Leicester Royal Infirmary only a short drive away.
Leicester railway station, located approximately 1.5 miles from the property, offers fast links to Birmingham, Nottingham and London, making commuting straightforward for professionals.
East Midlands Airport is easily accessible by car in under 40 minutes, facilitating both domestic and international travel.
Internal viewing is highly recommended to appreciate the space and quality of this well-maintained freehold home.
With an EPC rating of 66D and falling under Council Tax Band A, the property combines affordability with comfort in one of Leicester's well-connected neighbourhoods.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 74 Melrose Street, Leicester
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