LE3 0QJ - 2 bedroom terraced house for sale in 56 Ridley Street, Off…

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2 bedroom terraced house for sale in 56 Ridley Street, Off Hinckley Road, Leicester, LE3 0QJ, LE3

Summary - 56 RIDLEY STREET LEICESTER LE3 0QJ

2 bed 1 bath Terraced

**Highlights:**
- **Auction Sale**: Available for auction on September 18, 2025.
- **Freehold**: Two-bedroom mid-terrace house with garden.
- **Investment Potential**: Currently let under an Assured Shorthold Tenancy generating £600/month.
- **Convenient Location**: Close to De Montfort University and Leicester city center.
- **Condition**: Requires some rehabilitation; present signs of damp.

Nestled in a vibrant, cosmopolitan student neighborhood off Hinckley Road, this Victorian terraced house presents a compelling investment opportunity for buyers looking to enter the rental market or those seeking a project with tremendous potential. With a current assured tenant and a practical layout featuring a ground floor reception room, kitchen, living area, and bathroom, alongside two bedrooms on the first floor, the property allows for immediate rental income with the possibility to enhance its value through renovations.

While the home boasts a small enclosed garden, potential buyers should be aware of existing damp issues and a lack of insulation, which may require attention. Additionally, the area is characterized by high crime rates, so suitability for families may be limited. However, its excellent mobile signal, fast broadband, and proximity to esteemed schools and local amenities—including shops, healthcare, and leisure facilities—make it an attractive option for both investors and first-time buyers eager to make their mark. Don't miss the chance to explore this fixer-upper that holds great promise for future growth!

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