3-bedroom terraced house · LE2 7DA
For saleReduced £10k (−4.5%) on 13 AugListed 259 days
Opportunity summary
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About
Positioned on the ever-popular Grasmere Street, this characterful Victorian terraced home offers generous internal space, period charm and excellent potential for both homeowners and investors.
Ideally located within walking distance of Leicester Royal Infirmary and De Montfort University, the property sits in a high-demand rental and residential area with superb connectivity to the city centre.
Offered to the market with no onward chain, this is a fantastic opportunity to secure a well-located period property with scope to modernise and add value.
Spacious Open-Plan Lounge / Dining Room (8.45m x 3.48m) The home opens into an impressive open-plan reception space stretching over 27 feet in length.
High ceilings and generous proportions create a bright, airy environment ideal for both relaxing and entertaining.
This flexible layout comfortably accommodates living and dining zones while retaining the charm typical of Victorian homes.
Kitchen (3.76m x 2.19m) To the rear sits a practical kitchen with ample worktop and cupboard space, offering direct access to the rear lobby and yard.
The layout is functional and well-suited for everyday use, with clear potential for cosmetic updating.
Rear Lobby & Ground Floor Bathroom (2.10m x 1.85m) A rear lobby connects the kitchen to the bathroom and yard.
The ground floor bathroom is conveniently positioned and fitted with essential sanitaryware, serving the household with practicality.
First Floor Accommodation Upstairs, the property provides three well-proportioned bedrooms, making it suitable for families, sharers, or student lets: Bedroom One – 3.89m x 3.43m Bedroom Two – 3.19m x 3.03m Bedroom Three – 2.77m x 2.22m The first floor also benefits from a separate WC, a useful addition for busy households.
Outside Space – Rear Yard with Brick Stores To the rear is a private, low-maintenance yard area with original brick outbuildings providing excellent external storage.
This space offers scope to create a pleasant seating area or courtyard garden with minimal upkeep.
Location & Investment Appeal Grasmere Street is consistently popular due to its proximity to the hospital, university, local amenities and transport links.
The property’s layout, size and location make it highly attractive for: First-time buyers looking for space and character Investors seeking strong rental demand from students or hospital staff Buyers wanting a period home they can modernise to their own taste A Property with Character & Potential With double glazing, generous room sizes, period proportions and no chain delay, this Victorian terrace represents a superb opportunity to acquire a well-located Leicester home with genuine upside potential.
Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact.
All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
Please inform us if you become aware of any information being inaccurate.
Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
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.
Area
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FAQ
About 38, Grasmere Street, Leicester
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