ValuationUndervalued

Sold Prices	£320K - £830K
Sold Prices/m²	£1.4K/m² - £5.6K/m²

Square Metres	~186 m²
Price/m²	£2.2K/m²
Value Estimate	£435,638£435,638
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£31,200£31,200
Total Cash In	£131,200£131,200

Cash Out
Room Rate	£533£533
Gross Rent	£3,198£3,198
Running Costs/mo	£2,609£2,609
Cashflow/mo	£589£589
Cashflow/yr	£7,073£7,073
ROI	5%5%
Gross Yield	10%10%

Local Sold Prices

16 sold prices from £320K to £830K, average is £438.5K. £1.4K/m² to £5.6K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£605K	06/23	0.4 mi	39, Springfield Road, Leicester LE2 3BB	£1,977	306	6	Semi-Detached House
£425K	06/23	0.54 mi	539, Welford Road, Leicester LE2 6FN	-	-	6	Detached House
£700K	06/23	0.8 mi	14, Holmfield Avenue, Leicester LE2 2BF	-	-	6	Semi-Detached House
£445K	08/21	0.96 mi	73, Stoughton Drive North, Leicester LE5 5UD	-	-	6	Semi-Detached House
£350K	05/21	1.03 mi	12, Newtown Street, Leicester LE1 6WJ	-	-	6	Terraced House
£380K	11/21	1.26 mi	124, Kedleston Road, Leicester LE5 5BL	-	-	6	Semi-Detached House
£830K	09/21	1.31 mi	21, Stoughton Drive South, Leicester, Leicestershire LE2 2RJ	£5,570	149	6	Detached House
£700K	01/23	1.34 mi	58, Granville Road, Wigston, Leicestershire LE18 1JP	-	-	6	Detached House
£325K	03/25	1.58 mi	7, Westleigh Road, Leicester LE3 0HH	£1,540	211	6	Terraced House
£403K	10/24	1.67 mi	63, Carlton Drive, Wigston LE18 1DG	£2,705	149	6	Semi-Detached House
£435K	06/21	1.93 mi	4, Reynolds Chase, Wigston, Leicestershire LE18 1PH	-	-	6	Detached House
£442K	09/21	1.99 mi	1, Kirby Road, Leicester LE3 6BD	£1,383	320	6	Detached House
£610K	01/23	2.19 mi	2, Mickleton Drive, Leicester LE5 6GD	£2,864	213	6	Detached House
£350K	06/23	2.37 mi	11, Surrey Street, Leicester LE4 6FJ	-	-	6	Detached House
£320K	09/21	2.38 mi	270, Martin Street, Leicester LE4 6EU	-	-	6	Semi-Detached House
£485K	10/22	2.41 mi	10, Rockery Close, Leicester LE5 4DQ	£2,449	198	6	Detached House

Local Area Statistics

Population in LE2	118,352118,352
Population in Leicester	565,124565,124
Town centre distance	1.22 miles away1.22 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.24 miles away1.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-44%-44%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+36%+36%

Property History

Price changed to £400,000

March 16, 2025

Price changed to £415,000

January 19, 2025

Listed for £425,000

April 17, 2024

Floor Plans

Description

Spacious Double Bedrooms +
Six En-Suite Bathrooms +
Rear Yard +
Investors +
8%Yield Potential +
BTL +

Nestled on Lorne Road, this HMO investment gem presents an enticing opportunity for astute investors. Featuring six generously-sized double bedrooms, each complemented by its own en suite bathroom, this property offers the epitome of modern convenience and privacy for tenants.

The heart of the home resides in its expansive kitchen diner, providing a welcoming hub for residents to mingle and share meals. Outside, a spacious rear yard area invites relaxation and outdoor gatherings, while on-street parking ensures hassle-free access for tenants and their guests.

With its desirable amenities and sought-after location, this property stands as a promising venture in the lucrative HMO market, poised to deliver both steady rental income and long-term appreciation.

Each room is currently being rented out between £450PCM -£550PCM