UPDATE: Several homes in Leicester are facing significant price cuts as sellers struggle to attract buyers in a challenging market. Properties have seen reductions of up to £25,000, with some listings experiencing multiple price drops in a desperate bid to close deals.
The most notable reduction is a two-bedroom maisonette in Stoneygate, which has plummeted from an asking price of £185,000 to just £160,000. This represents a staggering 13.5 percent cut from its original price after two reductions since listing. The current situation reflects a broader trend across Leicester’s real estate market, where homeowners are feeling the pinch.
Market analysts report a growing list of properties struggling to sell, prompting many sellers to recalibrate their expectations. A total of four homes have been highlighted for their drastic price adjustments, making them more appealing to potential buyers and investors.
1) **Stoneygate Maisonette – £160,000**
This recently refurbished two-bedroom maisonette on Stoughton Road boasts a spacious lounge and diner with a balcony, two double bedrooms, and a fully tiled family bathroom. Its proximity to trendy shops and cafes on Allandale Road and Francis Street makes it a prime target for first-time buyers.
2) **Buckminster Road House – Offers Over £290,000**
A three-bedroom end terrace house on Buckminster Road has seen its price slashed from £300,000 to offers over £290,000. Featuring a bright lounge, a spacious kitchen/diner, and a substantial loft room, this property also includes well-maintained gardens and a large workshop.
3) **Oxford Street Apartment – £875/month Rental**
A top-floor apartment at Oakwood House on Oxford Street is positioned as a lucrative investment opportunity. Currently rented under an assured shorthold tenancy, this two-bedroom property generates a monthly rental income of £875, presenting a solid option for investors.
4) **Loughborough Road Flat – £170,000**
A two-bedroom first-floor flat in a secure gated development on Loughborough Road is on the market for £170,000. This property currently produces a rental income of £950 per month and is conveniently located within walking distance of the bustling Golden Mile, making it attractive for both investors and first-time buyers.
As the real estate market continues to adjust, buyers have a unique opportunity to capitalize on these reductions. Real estate experts urge potential homeowners and investors to act quickly, as the urgency in the market may lead to swift sales.
Stay connected for more developments as Leicester’s housing market evolves, and watch for further updates on property trends and opportunities in the coming weeks.
