3 bed terraced house for sale

Hobson Road, Leicester, Leicestershire LE4

Situated within a popular and well-established area of Leicester, this traditional three-bedroom terraced home presents an excellent opportunity for buyers looking to create a fantastic family home.

The property currently offers the layout of a three-bedroom terrace, requiring modernisation throughout, making it ideal for those wanting to add value and personalise a property to their own taste. With generous internal space and a good footprint, there is strong potential to transform this into a well-presented and comfortable home.

Externally, the property benefits from a rear garden and is conveniently located close to local amenities, schools, and transport links.

For investors, this property represents a significant development opportunity.

Planning permission has been granted for a double-storey extension to facilitate conversion into a 6-bedroom, 6-bathroom HMO, designed to maximise rental yield and long-term return.

The approved plans comprise:

6 bedrooms (all with en-suite facilities)
Communal kitchen / living space
Purpose-built layout to meet HMO requirements

This provides a ready-made project for an investor looking to capitalise on the strong rental demand in the area, with the heavy lifting of planning already complete.

Based on comparable HMOs within the local Leicester market, fully let 6-bedroom en-suite properties can typically achieve in the region of £600–£700 per room, per calendar month, depending on specification and finish.

This suggests a potential gross annual income in the region of approximately £43,200–£50,400, once completed and fully occupied.

With planning already secured, this presents an attractive opportunity for investors seeking a strong yield-generating asset in a high-demand rental location.

All figures are indicative only and subject to market conditions, specification, and individual assessment. Buyers are advised to carry out their own due diligence.