Summary - 33 VERNON STREET LEICESTER LE3 5JQ
3 bed 1 bath Terraced
Close to city centre and university; suitable for investor or first-time buyer.
Freehold three-bedroom Victorian mid-terrace with vacant possession
A three-bedroom Victorian mid-terrace offered freehold and sold at auction with vacant possession. The property sits within easy walking distance of Leicester city centre, hospital, university and local amenities, making it suitable for buy-to-let or an owner-occupier seeking city access. Gas central heating, double glazing (post-2002) and an EPC rating of D provide basic energy standards.
The house requires some updating: solid brick walls likely lack insulation and the property is in a deprived area with very high local crime levels, which will affect appeal and lettings. The plot is small with an enclosed rear yard; room sizes are small to medium and internal finishes are dated in parts. A modest refurbishment could increase rental income or resale value.
Practical details important to buyers: the sale will take place at auction on 5 November 2025, completion is required on or before 23 January 2026, and an additional seller charge of 1% plus VAT of the purchase price is payable on completion. The estimated achievable rent is £950 pcm (£11,400 pa), offering straightforward income for an investor prepared to manage the area risks.
This property suits a cash buyer, investor or first-time purchaser looking for an affordable entry in the city with potential upside through targeted improvements. Expect straightforward maintenance work rather than structural overhaul, but budget for insulation, cosmetic refurbishment and security measures given the local context.
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