5 Bed Semi-Detached House, Refurb/BRRR, Leicester, LE2 4NY, £350,000

Dove Rise, Oadby, LE2 4NY - 9 views - 2 years ago

Sold STC
Refurb/BRRR
~263 m²
+17 photos

ValuationFair Value

Sold Prices£250K - £1.8M
Sold Prices/m²£1.8K/m² - £7.2K/m²

 

 

Square Metres

~262.70 m²
Price/m²£1.3K/m²

Value Estimate

£350,000

 

 

End Value (After Refurb)

£807,123

Uplift in Value

+131%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£103,950

Bridging Loan Interest

£9,188

Total Cash In

£219,088

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£807,123

Agent Fees (1%)

£8,071

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£317,464

Local Sold Prices

50 sold prices from £250K to £1.8M, average is £525K. £1.8K/m² to £7.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£515K02/210.18 mi39, Launde Road, Oadby, Leicester, Leicestershire LE2 4HH5
£481K10/210.29 mi82, Uplands Road, Oadby, Leicester, Leicestershire LE2 4NQ5
£915K01/230.65 mi5, Blackthorn Lane, Oadby, Leicester, Leicestershire LE2 4FA5
£1.0M03/230.66 mi10, Blackthorn Lane, Oadby, Leicester, Leicestershire LE2 4FA5
£340K07/230.71 mi31, Hill Way, Oadby, Leicester, Leicestershire LE2 5YG5
£450K06/230.72 mi2, The Pastures, Oadby, Leicester, Leicestershire LE2 4QD5
£450K09/210.73 mi158, Glen Road, Oadby, Leicester, Leicestershire LE2 4RF5
£482K10/200.8 mi22, Stoughton Road, Oadby, Leicester, Leicestershire LE2 4DS5
£545K06/210.81 mi14, Mount Pleasant, Oadby, Leicester, Leicestershire LE2 4UA5
£450K10/200.82 mi2, Ellis Fields, Oadby, Leicester, Leicestershire LE2 4UY5
£440K11/200.82 mi3, Honeybourne Close, Oadby, Leicester, Leicestershire LE2 5PJ5
£315K09/210.86 mi3, Kensington Close, Oadby, Leicester, Leicestershire LE2 5UL5
£465K12/200.89 mi72, Rosemead Drive, Oadby, Leicester, Leicestershire LE2 5PQ5
£485K12/200.95 mi56, Ringers Spinney, Oadby, Leicester, Leicestershire LE2 2HA5
£1.4M12/201.01 mi21, Meadowcourt Road, Leicester, Leicestershire LE2 2PD5
£884.8K12/201.14 miStone Lodge, Mere Lane, Oadby, Leicester, Leicestershire LE2 4SA5
£525K07/231.17 mi78, Foxhunter Drive, Oadby, Leicester, Leicestershire LE2 5FF5
£705K06/211.19 mi1, The Avenue, Oadby, Leicester, Leicestershire LE2 4QR5
£805K06/211.23 mi19, Chestnut Drive, Stretton Hall, Leicester, Leicestershire LE2 4QX5
£835K12/201.23 mi50, Chestnut Drive, Stretton Hall, Leicester, Leicestershire LE2 4QX5
£305K07/211.38 mi7, Erringtons Close, Oadby, Leicester, Leicestershire LE2 4RP5
£665K04/211.41 mi23, Grenfell Road, Leicester LE2 2PA5
£1.8M09/211.48 mi38, Stoughton Drive South, Leicester, Leicestershire LE2 2RH5
£525K03/231.5 mi61, Mere Road, Wigston, Leicestershire LE18 3RN5
£551K09/211.5 mi6, Link Road, Leicester LE2 3RA5
£600K08/211.52 mi6, Spion Kop, Oadby, Leicester, Leicestershire LE2 4QN5
£1.4M03/211.54 mi28, Knighton Grange Road, Leicester, Leicestershire LE2 2LE5
£635K01/231.61 mi15, Holbrook Road, Leicester LE2 3LG5
£525K06/211.64 mi57, Ring Road, Leicester LE2 3RS5
£526K09/221.65 mi80, Ruskington Drive, Wigston, Leicestershire LE18 1LA5
£375K04/211.69 mi32, Thurnview Road, Leicester LE5 6HJ5
£400K03/211.73 mi2, Reynolds Chase, Wigston, Leicestershire LE18 1PH5
£390.5K01/231.76 mi4, Highfield Crescent, Wigston, Leicestershire LE18 1NL5
£675K11/201.79 mi18, Shirley Road, Leicester LE2 3LJ5
£594K08/211.79 mi15, Guilford Road, Leicester LE2 2RD5
£605K06/211.79 mi21, Guilford Road, Leicester LE2 2RD5
£995K01/231.81 mi4, Guilford Road, Leicester LE2 2RB5
£250K01/211.84 mi74, Downing Drive, Leicester LE5 6LH5
£280K06/211.84 mi2, Lindrick Drive, Leicester LE5 5UH5
£390K12/201.85 mi79, Romway Road, Leicester LE5 5SE5
£825K03/231.86 mi2, Delaware Road, Leicester LE5 6LG5
£510K09/211.89 mi6, Whitehall Road, Leicester LE5 6GH5
£850K02/211.9 mi70, Spencefield Lane, Leicester LE5 6HF5
£930K08/231.9 mi70, Spencefield Lane, Leicester LE5 6HF5
£425K06/211.91 mi53, Highway Road, Leicester LE5 5RE5
£610K03/211.93 mi20, Stoughton Road, Leicester LE2 2EA5
£412K07/231.94 mi11, Woodnewton Drive, Leicester LE5 6NL5
£425K01/231.94 mi49, Wakerley Road, Leicester LE5 6AR5
£640K04/231.95 mi34, Bridgewater Drive, Great Glen, Leicester, Leicestershire LE8 9DX5
£395K05/211.97 mi4, Wakerley Road, Leicester LE5 6AQ5

Local Rents

49 rents from £975/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.02 miDove Rise, Oadby, LE23
£1,39505/240.11 miWaveney Rise, Oadby, LE24
£1,15012/230.12 mi-3
£1,15012/230.12 mi-3
£1,27505/240.12 miSevern Road, Oadby, LE23
£1,25004/240.16 mi-3
£1,40012/240.16 mi-3
£1,20005/240.16 miWaveney Rise, OADBY, Leicester, Leicestershire, LE23
£1,35005/240.18 mi-3
£1,35002/240.18 mi-3
£1,45005/240.3 miWheatland Close, Oadby, Leicester4
£1,27505/240.33 miUplands Road, Oadby3
£1,05005/240.33 miKent Drive, Oadby, Leicester3
£1,25005/240.34 miPennine Close, Oadby, Leicester3
£97505/240.34 miWheatland Close, Leicester, LE23
£1,30012/240.37 mi-3
£1,30006/240.37 miFairfield Road, Oadby, Leicester, LE23
£1,40010/230.38 mi-3
£1,39505/240.38 miBerkeley Close, Oadby3
£1,50005/240.38 miBerkeley Close, Oadby3
£1,70005/240.4 miLudlow Close, Oadby, Leicester4
£1,30005/240.4 miUplands Road, OADBY, Leicester, Leicestershire, LE23
£1,05006/240.41 miQueen Street, Oadby, Leicester, Leicestershire3
£1,10012/240.43 mi-3
£1,10006/240.43 miBurton Close, Oadby, Leicester, LE23
£1,20004/240.44 mi-3
£1,20005/240.44 miBurton Close, Oadby, Leicester, LE23
£1,15005/240.45 miBurton Close, Oadby, LEICESTER3
£1,09511/240.45 mi-3
£1,80005/240.46 miMeynell Close, Oadby5
£99505/240.46 miElizabeth Drive, Oadby, Leicester3
£1,29505/240.5 miCanon Close3
£1,40012/240.51 mi-3
£1,25001/250.51 mi-3
£1,60001/250.51 mi-4
£1,35006/240.53 mi-3
£1,25006/240.53 mi-3
£1,25005/240.53 miGreenbank Drive, Oadby, Leicester, LE23
£1,25006/240.55 miFairstone Hill, Oadby, LE23
£1,59505/240.57 miElliot Close, Oadby, LE24
£1,25005/240.58 miHighcroft Avenue, Oadby3
£1,55005/240.58 miElliot Close, OADBY, Leicester, Leicestershire, LE24
£1,39505/240.59 miElliot Close, Oadby, Leicester4
£1,50003/240.59 miFernie Close, Oadby4
£1,30006/240.59 miBerridge Drive, Oadby, LE23
£1,35005/240.61 mi-3
£1,35005/240.61 mi-3
£1,20004/240.62 miKendrick Drive, Leicester, Leicestershire, LE23
£1,25011/240.62 mi-3

Local Area Statistics

Population in LE2

118,352

Population in Leicester

565,124

Town centre distance

3.67 miles away

Nearest school

0.30 miles away

Nearest train station

3.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £350,000

July 4, 2023

Floor Plans

Description

  • Great Family Living Space +
  • Five Bedroom Semi-detached Family Home in Oadby +
  • No Upwards Chain +
  • Driveway & Garage +
  • Rear Garden +
  • Family Bathroom +
  • Close to Local Schooling & Oadby Town Centre +
  • 2 122.8 sq. feet +

We are pleased to offer for sale this five-bedroom semi-detached family home in a very sought-after location in Oadby occupying a good sized corner plot. The property is within walking distance of the local Primary and High Schools. The accomodation comprises a porch, entrance hall, kitchen, lounge, dining room, large family room, study, shower room. The first floor consists of five bedrooms and a family bathroom. Outside, the property has a charming curb appeal with parking for two cars, a garage and rear garden. The property is available with no upward chain and is not one to miss out on. The property has been rented out for a long time and would benefit from some internal decoration and modernisation which is reflected in the price. Dove Rise is a sought-after road in Oadby, walking distance to many of the local schools including Launde Primary, Brookside Primary and Manor High School, Beauchamp Academy whilst being well situated for the local private schools too. Situated close to Major Supermarkets including Sainsbury's, Marks and Spencer, Asda, and the Co-op. Also, within close proximity to other amenities including The Parade. The A6 provides routes to the city centre and major motorway links.
Tenure: Freehold
Council Tax Band: C Oadby & Wigston Council
EPC rating 70 C

EPC Rating: C

Agent Details

Focus Property Sales and Management, Leicester

0116 502 3265

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪