Summary - 18 TAILBY AVENUE LEICESTER LE5 0JP
3 bed 1 bath Semi-Detached
Let three-bed with uplift potential and scope to extend — sold at auction..
- Freehold three-bed semi-detached with driveway and garage
- Let at £650 pcm; potential rent circa £1,100 pcm after improvement
- Scope to extend side/rear, subject to planning permission (STPP)
- EPC rating E; electric storage heating — may need upgrades
- No internal viewings; auction sale, buyers must do independent enquiries
- Located in a very deprived area with high recorded crime levels
- Small plot and average overall size; built circa 1900–1929
- Sold with assured shorthold tenancy in place, vacant possession not guaranteed
This three-bedroom semi-detached freehold in Leicester is offered to auction with an existing assured shorthold tenancy at £650 pcm. It sits in a popular, well-served area with good transport links, nearby primary schools rated Good, and immediate kerb appeal from a driveway and garage. The property presents a clear investment play: rental uplift potential to local market levels and scope to extend (subject to planning).
The house requires updating: EPC rating E, electric storage heating and likely internal refurbishment mean immediate works and running-cost improvements will be needed. There is no internal access for viewings and the auctioneers have not inspected internally, so buyers should arrange independent enquiries and factor a survey into their plans before bidding.
For an investor prepared to refurbish, there is potential to increase rental income to circa £1,100 pcm and add value through permitted extensions to the side/rear (STPP). Note the area scores high for deprivation and recorded crime levels; these are material considerations for lettings and resale pricing.
Sale is by unconditional auction. Contracts will be binding on exchange; a 10% deposit (minimum £5,000) and buyer’s fee apply. This is a straight, hands-on investment opportunity for buyers who can manage refurbishment and tenancy due diligence.
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