2-bedroom semi-detached house · LE6 0FW
Sold STCListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no upward chain, this charming two-bedroom home presents an exciting opportunity for both first-time buyers looking to create their ideal home and investors seeking a strong addition to a growing portfolio.
With an estimated rental income of approximately £1,100 per calendar month, the property offers an impressive potential gross yield of 8.52%.
Tucked away on a quiet close, the home enjoys a peaceful setting within one of Leicestershire's most desirable villages, combining tranquil surroundings with excellent local amenities and transport links.
The accommodation briefly comprises an entrance hallway leading into a spacious living/dining room, featuring windows to both the front and rear aspects, allowing for plenty of natural light, together with a staircase rising to the first floor.
The living space flows into the kitchen, which in turn provides access to a useful utility room and direct access to the rear garden.
The ground floor is completed by a three-piece family bathroom suite. To the first floor are two generous double bedrooms, with the principal bedroom benefiting from fitted wardrobes.
Externally, the property enjoys an integral garage, ample off-road parking, and a private rear garden.
Of particular note is the property's exceptional scope for further enhancement and extension (subject to the necessary planning permissions), making it an ideal purchase for buyers looking to add value and tailor a home to their own requirements.
Location Groby village is located just outside the Leicester City boundary, to the north-west, and is well known for its popularity in terms of convenience for ease of access to the afore-mentioned centre of employment and all the excellent amenities therein, as well as the market towns of Hinckley, Market Bosworth, Ashby-de-la-Zouch, Coalville, Loughborough and Melton Mowbray, the East Midlands International Airport at Castle Donington, the A46 Western By-Pass which links Groby with Nottingham in the north and Junction 21 of the M1M69M42 major road network in the west for travel north, south and west, and the adjoining Charnwood and New National Forests with their many scenic country walks and golf courses.
Council Tax Band: B Tenure: Freehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 Stephenson Way, Groby
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