Summary - 58 RIDLEY STREET LEICESTER LE3 0QJ
2 bed 1 bath Terraced
Chain-free Victorian mid-terrace near city centre — auction sale needing modernisation.
Freehold two-bedroom Victorian mid-terrace with vacant possession
A compact two-bedroom Victorian mid-terrace offered freehold with vacant possession and sold at auction on 18th September 2025. The property has gas central heating, double glazing and an EPC rating of D. Located off Hinckley Road, it provides direct access to Leicester city centre, De Montfort University and local amenities.
This house suits a first-time buyer looking to move in and update, or an investor targeting a city rental. Rooms are small and the interior is dated — mid-20th century finishes and worn fixtures are evident — so a programme of modernisation will be needed to unlock full rental or resale value. The seller indicates a realistic post-refurb rent of about £850 pcm (£10,200 pa).
Be aware of material considerations: the property was built 1900–1929 with solid brick walls likely without cavity insulation, and some internal elements are worn. The immediate area is classified as deprived with very high recorded crime levels, which will affect desirability and lettings. An additional seller charge of 1% + VAT of the purchase price is payable on completion.
Practical positives include chain-free sale, good mobile signal and fast broadband, an enclosed private rear yard and proximity to several schools and local amenities. The auction timetable requires completion within eight weeks of exchange; purchasers should budget for refurbishment and factor in the auction process when planning financing.
2 bedroom terraced house for sale in 56 Ridley Street, Off Hinckley Road, Leicester, LE3 0QJ, LE3 — £119,000 • 2 bed • 1 bath
3 bedroom terraced house for sale in 70 Barclay Street, Off Narborough Road, Leicester, LE3 0JA, LE3 — £149,000 • 3 bed • 1 bath • 915 ft²
3 bedroom terraced house for sale in 24 Briton Street, Off Narborough Road, Leicester, LE3 0AA, LE3 — £139,000 • 3 bed • 1 bath
2 bedroom terraced house for sale in 22 Livingstone Street, Off Hinckley Road, Leicester, LE3 0QY, LE3 — £119,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in 71 Tudor Road, Leicester, LE3 5JF, LE3 — £119,000 • 2 bed • 1 bath • 872 ft²
2 bedroom terraced house for sale in 99 Danvers Road, Off Narborough Road, Leicester, LE3 2AE, LE3 — £99,000 • 2 bed • 1 bath
