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See how verdicts work3-bedroom bungalow · LE2 2HA
Listing removedListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a peaceful residential setting on one of Oadby’s most prestigious and well-regarded addresses, this detached three-bedroom bungalow occupies a notably generous plot of approximately 0.3 acres and presents a rare opportunity for redevelopment, refurbishment or extension, subject to the relevant planning permissions.
The property offers approximately 1,001.04 sq ft of accommodation arranged across a single level.
The property is entered via an L-shaped entrance hall, providing access to all principal rooms along with useful built-in storage.
The main reception room enjoys a bay window to the front and patio doors opening to the rear garden, allowing for plenty of natural light throughout the day.
A serving hatch connects through to the kitchen, which is fitted with a range of wall and base units and overlooks the rear of the property.
There are three bedrooms, two of which are comfortable doubles, with the third offering flexibility as a smaller bedroom, study or hobby room.
The bathroom is fitted with a bath and a wash basin, while a separate WC adds everyday practicality.
Outside, the rear garden is predominantly laid to lawn and extends a considerable distance, forming the property's standout feature and offering significant scope for extension or future development (STPP).
To the front, the property benefits from a driveway providing off-street parking for multiple vehicles.
Disclaimer: Please note there is a gas supply connected to the property; however, this was capped off in February 2025 due to a faulty boiler.
As a result, the property does not currently have a working central heating system.
EPC Rating: E Location The property is ideally situated for Oadby’s highly regarded schools and benefits from nearby bus links into Leicester City Centre, with its professional quarters and train station.
A wide range of amenities are available along The Parade in Oadby Town Centre, including three mainstream supermarkets.
Leisure and recreational facilities such as Leicester Racecourse, the University of Leicester Botanic Gardens, Parklands Leisure Centre, and Glen Gorse Golf Club are also close by.
Entrance Hall An L-shaped hallway that wraps around to the left-hand side, carpet flooring, a storage cupboard to the rear, and a radiator.
Reception Room (5.77m x 3.66m) With a double-glazed bay window to the front elevation, double-glazed patio doors to the rear elevation, carpet flooring, a serving hatch to the kitchen, and three radiators.
Kitchen (3.94m x 2.77m) With a double-glazed window to the rear elevation, a serving hatch to the lounge, tiled floor, a sink and drainer unit with a range of wall and base units with work surfaces over, and a radiator.
Bedroom One (4.24m x 3.65m) With a double-glazed window to the front elevation, carpet flooring, and a radiator.
Bedroom Two (3.63m x 3.13m) With a double-glazed window to the rear elevation, two storage cupboards, carpet flooring, and a radiator.
Bedroom Three (2.77m x 2.10m) With a double-glazed window to the side elevation, a storage cupboard to the rear, carpet flooring, and a radiator.
Bathroom (2.15m x 1.69m) With two double-glazed windows to the side, a bath, a handwash basin, a carpet, and a towel rail over a radiator.
WC (2.14m x 0.73m) With a double-glazed window to the side, vinyl plank flooring, and a WC. Rear Garden Predominantly laid to lawn, with a generous plot extending a considerable distance to the rear.
Parking - Driveway Off-street parking with capacity for 4+ vehicles. 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 Lifetime Legal, who will contact you once you instruct us to sell or have an offer accepted. A £70 fee (incl. VAT) covers required data and any manual checks.
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 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.
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About 32 Ringers Spinney, Leicester
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