We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · LE5 2RF
Sold STCListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The perfect blank canvas for a first time buyer to make their mark on a property!
This lovely three bedroomed mid-terraced home has been well looked after and is offered to the market for the very first time, having been in the same ownership since it was constructed in the 1960s.
The property is located in the popular and convenient area of Thurnby Lodge and enjoys excellent bus links into the city and there is a well patronised shopping precinct nearby on Thurncourt Road including a cafe, takeaways, greengrocers and a Co-Operative supermarket.
Thurnby Mead Primary School and two public houses are within walking distance.
The internal accommodation comprises in brief; a welcoming entrance hall with a staircase rising to the first floor and a door to the right leading into the lounge/diner, having a large window to the front and a feature fireplace with gas fire (currently decommissioned).
A door leads into a well appointed kitchen which is fitted with a range of Shaker style wall and base units with space for freestanding appliances and a storage cupboard under the stairs.
To the rear of the property is a generous conservatory and a selection of brick built outbuildings.
To the first floor there is a landing with doors off to three very well proportioned bedrooms with bedrooms one and two having fitted/built in wardrobes.
Completing the accommodation is a shower room with a tiled shower cubicle, low flush WC and a pedestal wash hand basin.
Externally, to the front of the property there is a driveway affording off road parking and there are good sized gardens to the rear incorporating a patio, lawn, greenhouse and a selection of shrubs.
Please note that with all properties, we do not guarantee the existence of building regulation certification or planning permission with regard to any extensions or alterations carried out, particularly where such extensions and alterations are historic.
Potential purchasers should seek legal advice from their chosen conveyancer in this respect. EPC Rating: D
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.
Area
Agent & docs
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FAQ
About 56 St. Austell Road, Leicester
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