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Spencer Street, Oadby
For sale
£195,000Offers over

Spencer Street, Oadby, LE2 4DQ

3bedrooms
1bathroom
Terracedtype
Freeholdtenure

Listed 2 Oct 2026 · Leicester

How the price compares

This home£195,000
Median 3 bed in LE2£275k45 homes listed · £280 per sq ft
Difference-29%below the area median

Key features

  • No Chain
  • Approx. Yield of 7.08%
  • Three Bedrooms
  • Two Reception Rooms
  • Modern Decor
  • Downstairs Bathroom
  • Close Proximity To Local Amenities

About this home

No upward chain and providing the perfect opportunity to both first time buyers and investors alike with a potential monthly rent of £1150 providing an exceptional yield of approximately 7.08%.

Located in the ever-popular suburb of Oadby, this spacious three-bedroom terraced home offers flexible accommodation throughout and presents an excellent opportunity for first-time buyers, growing families, or buy-to-let investors.

Oadby remains one of Leicester's most sought-after residential areas, highly regarded for its excellent schooling, comprehensive range of local amenities, and convenient transport connections into Leicester city centre. Residents also benefit from nearby parks, leisure facilities, and easy access to major road links including the A6 and M1 motorway network.

The accommodation is entered via a welcoming hallway, leading to two well-proportioned reception rooms that provide versatile living and dining space. Positioned to the rear of the property, the fitted kitchen offers a practical layout with ample worktop and storage facilities, while the ground floor is completed by a family bathroom.

Upstairs, the property offers three bedrooms. The principal bedroom is located at the front of the home and benefits from plenty of natural light. Bedroom two is a generous double room, whilst bedroom three is accessed via bedroom two, making it well suited for use as a nursery, dressing room, home office, or children's bedroom.

Combining spacious accommodation with a highly desirable location, this attractive home offers fantastic potential for a variety of purchasers. Early viewing is strongly advised to fully appreciate the accommodation on offer.

Room Measurements Reception Room One: 3.38m x 4.37m Reception Room Two: 3.33m x 3.40m Kitchen: 1.77m x 3.15m Bathroom: 1.55m x 2.07m Bedroom One: 3.46m x 3.55m Bedroom Two: 3.40m x 3.34m Bedroom Three: 1.77m x 3.01m Outside

To the front, the property benefits from a neat garden frontage that creates an attractive approach and provides a degree of separation from the road. The generous rear garden offers excellent outdoor space, ideal for entertaining, family activities, or simply relaxing. With plenty of scope for landscaping, gardening enthusiasts can create a wonderful outdoor retreat to enjoy throughout the year.

Location The home is ideally situated for everyday convenience, being just a short stroll from the popular Oadby Parade, with its selection of shops, cafés, and essential services. The area is well known for its strong community feel and excellent educational facilities, making it a highly desirable location for families. In addition, the property provides good access to major road networks and public transport routes, offering easy connections to Leicester city centre and surrounding areas.

Viewings and Directions: Strictly by appointment only through the sole agent Fraser Stretton

Postcode for Sat Nav: LE2 4DQ

Council Tax Band: A (Oadby & Wigston Borough Council ) Tenure: Freehold

Property details

Property type
Terraced
Council tax band
A
Tenure
Freehold
Garden
Yes

Floorplan

Floorplan 1

Location

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1 on this map

  • South Wigston Station2.5 mi
  • Leicester Station2.6 mi
  • Narborough Station5.5 mi

What nearby homes sold for

Median sold prices in LE2 over the last 12 months: terraced £223k · semi-detached £275k · detached £423k · flat £135k.

AddressTypeSoldPrice
16 Spencer Street
Leicester LE2 4DP
Terraced
Freehold
17 Apr 2026£217,500
18 Spencer Street
Leicester LE2 4DP
Terraced
Freehold
16 Jan 2026£200,000
46 Spencer Street
Leicester LE2 4DP
Semi-detached
Freehold
12 Dec 2025£250,000
11 Spencer Street
Leicester LE2 4DQ
Terraced
Freehold
1 Sept 2025£225,000
5 Spencer Street
Leicester LE2 4DQ
Terraced
Freehold
29 Aug 2025£210,000
43 Spencer Street
Leicester LE2 4DQ
Other
Freehold
24 Feb 2025£495,000
36 Spencer Street
Leicester LE2 4DP
Semi-detached
Freehold
12 Feb 2025£315,000
4 Spencer Street
Leicester LE2 4DP
Terraced
Freehold
30 Oct 2024£275,000
10 Spencer Street
Leicester LE2 4DP
Terraced
Freehold
11 Oct 2024£197,000
8 Spencer Street
Leicester LE2 4DP
Terraced
Freehold
29 Feb 2024£225,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in LE2

Buying costs

Monthly repayment£975£19,500 deposit · £175,500 loan
Stamp Duty£1,400England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by FRASER STRETTON LTD, Leicester on Rightmove (original listing). First listed 2 Oct 2026; details checked 7 Nov 2026. Latest change: added on 02/10/2026.

Agent disclaimer

Disclaimer - Property reference RS3051. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by FRASER STRETTON LTD, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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