2-bedroom terraced house · LE4 6QD
Listing removedListed 161 daysAuction 25 Jun · ended
Opportunity summary
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About
For sale by Auction on 25 June 2026.
***SUPERB FREEHOLD RESIDENTIAL INVESTMENT*** Situated within literally yards of local shops is a very attractively priced, two double bedroomed mid terraced property, requiring some improvement and upgrading with vacant possession.
Internally the double glazed and gas centrally heated living accommodation in brief comprises:- lounge, separate dining room, fitted kitchen and utility room.
To the first floor passaged landing there are two double bedrooms and bathroom with three piece suite in white.
Outside to the side of the property there is shared passageway which provides access to a low maintenance rear garden.
The property is located just off the popular Melton Road, with easy access to the city centre, A563 which provides swift access onto Glenfield Hospital and the nearby M1 Motorway Lounge 11ft 1 x 10ft 7 into chimney recess Separate dining room 11ft 5 x 10ft 7 into chimney recess Fitted kitchen 11ft 3 x 5ft 5 Utility room 5ft 5 x 5ft Passaged landing 12ft 9 x 2ft 6 Bedroom one 12ft 2 into chimney recess x 11ft 1 Bedroom two 11ft 2 x 9ft 3 into chimney recess Fitted bathroom 12ft 5 max x 5ft 8 Outside Tenure: Freehold Vacant possession upon completion Draft Sales Particulars These sales details are awaiting vendor approval Tenure: Freehold EPC Rating: D Terms: Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non- refundable auctioneers fees apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc.
VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Value & comps
No previous sales on record.
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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 starting price
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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
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FAQ
About 36 Flax Road, Leicester LE4 6QD
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